Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Digital Freight Marketplace Emerge Gains $20 Million Investment
Digital freight marketplace Emerge closed out an early stage of financing with $20 million in investments, it was announced Feb. 4.
Lower Cummins Q4 Results Follow Declines in Key Markets
Independent engine maker Cummins Inc. reported declines in net income and revenue in the fourth quarter amid downturns in key global markets.
Perspective: Solving the Reverse Logistics Puzzle
Reverse logistics provides ample opportunities for third-party logistics providers to streamline the process and ensure sustainable practices, says Erik Caldwell of XPO Logistics.
Amazon Leases Large New Warehouse Near Dallas
Amazon .com Inc. is expanding its North Texas distribution footprint again with another big warehouse lease.
FAA to Begin Certification Process for Civilian, Delivery Drones
Government regulators plan to review drone designs in the same way they review other aircraft, a major step toward allowing routine drone deliveries and other flights over congested cities.
Hyundai Halts South Korea Output as Coronavirus Causes Parts Shortage
Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.
Goodyear Introduces New Truck Tire Management System
Goodyear Tire & Rubber Co. announced Feb. 3 a new tire management system for commercial fleets that combines tire monitoring and service capabilities, as well as new tire sizes.
Saia Q4 Earnings Dip as It Funds Rapid Expansion
Saia Inc. saw profits dip in the fourth quarter even though revenue continues to grow at a healthy pace.
Diesel Falls 5.4¢ to $2.956 Per Gallon
The U.S. average retail price of diesel fell 5.4 cents to $2.956 a gallon, the Department of Energy reported Feb. 3.
Colorado Infrastructure Receives C- on Latest ASCE Report Card
Colorado’s infrastructure earned a C-minus on its recent report card from the American Society of Civil Engineers.