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.
Nolan Transportation Acquires Eagle Transportation
Nolan Transportation Group, an Atlanta-based non-asset truckload freight brokerage and third-party logistics service, acquired Eagle Transportation, a Mississippi-based freight brokerage specializing in temperature-controlled shipping, according to a Jan. 17 news release.
January 21, 2020J.B. Hunt Reports Net Income Growth of 5.4% for 2019
J.B. Hunt Transport Services Inc. on Jan. 17 reported gains in net income and operating revenue for the fourth quarter of 2019 and for the full year.
New Jersey Gov. Phil Murphy Signs Electric Vehicle Law
New Jersey Gov. Phil Murphy signed legislation Jan. 17 to support electric vehicle use and charging infrastructure in the state.
Audit Says Household Goods Shippers Often Too Slow on Military Moves
A U.S. Department of Defense Inspector General audit has concluded that the nation’s household goods shippers too often do not pick up and deliver soldiers’ personal goods in a timely manner during domestic and international moves.
Fiat Chrysler in Talks With Foxconn to Develop Electric Cars
MILAN — Fiat Chrysler is in talks with the Chinese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Jan. 17.
January 17, 2020Employers Post Fewer Jobs in November
WASHINGTON — The number of available jobs fell sharply in November, dropping to 6.8 million, a decline of 7.6% from the October level.
Walmart Shuffles Leadership as Nervous Investors Await Results
Walmart Inc.’s new U.S. chief wasted no time putting his stamp on the unit, appointing his former top lieutenant as second in command and parting ways with the retailer’s head of merchandising.
Goodyear Launches VC Fund Focused on Mobility
The Goodyear Tire & Rubber Co. announced a new venture capital fund, Goodyear Ventures, with $100 million targeted for new investments in future mobility solutions over the next 10 years.
January 17, 2020FMCSA Gives Bus Drivers Exemption From California Rest-Break Rules
The Federal Motor Carrier Safety Administration has granted a petition submitted by the American Bus Association that exempts bus drivers from following California’s meal-and-rest-break rules.
NHTSA Reviews Claims of Unintended Acceleration in Teslas
The National Highway Traffic Safety Administration is evaluating allegations that Tesla Inc. vehicles contain a defect that can cause sudden unintended acceleration, according to a notice posted on the agency’s website.