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.
Telematics Industry Starts 2020 With Major Investment, Acquisition
Technology companies that specialize in trucking-related services made two announcements that may significantly impact the industry.
Big Rigs Wanted for Massachusetts Driver’s Funeral
SOMERSET, Mass. — Annette Jones is calling for a fleet of big rigs to drive her beloved late husband into the sunset one last time.
Optronics Acquires USA Harness
Commercial vehicle LED lighting supplier Optronics International has completed its acquisition of Texas-based USA Harness Inc., which sells trailer harnesses and electronic control systems.
January 10, 2020Two Fiat Chrysler Plants Will Idle for Two Weeks Amid Slow Sales
Fiat Chrysler Automobiles NV’s assembly plants in Windsor, Ontario, and Belvidere, Ill., will idle for two weeks this month following a year of declining sales for the minivans and SUVs built in those plants.
Mack to Lay Off 305 at Pennsylvania Assembly Plant
Mack Trucks plans to lay off 305 employees at the end of February at its Lower Macungie Township, Pa., assembly plant as the manufacturer adjusts to lower market demand for heavy-duty trucks.
Oil Set for Biggest Weekly Loss Since July as Mideast Risk Eases
Oil is headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying fears of disruption to Middle East energy supplies.
US Adds 145,000 Jobs; Unemployment Holds at 3.5%
WASHINGTON — U.S. employers downshifted their hiring in December, adding 145,000 jobs as consumer spending appeared to aid gains in the retail and hospitality sectors.
Mack Unveils LR Electric Model for New York City Department of Sanitation
ALLENTOWN, Pa. — Mack Trucks on Jan. 9 unveiled its new LR Electric sanitation truck, a Class 8 vehicle it hopes will populate New York City’s fleet.
Smaller Share of US Small Businesses Unable to Fill Positions
U.S. small businesses found it a little easier to fill jobs in December, consistent with a moderating, yet still-robust, labor market, National Federation of Independent Business data showed Jan. 9.
Port of Monroe to Buy Crane With $1.1 Million Grant
Federal grant money has been awarded to fund equipment upgrades and training geared toward attracting more cargo to the Port of Monroe in Michigan.