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.
Drones Need Tracking Network for Expanded Flights, FAA Says
All but the smallest civilian drones would have to broadcast radio tracking data to ensure greater safety and prevent terrorism under a sweeping proposal unveiled by U.S. regulators Dec. 26.
Amazon Leads S&P 500 After Reporting ‘Record’ Holiday Sales
Amazon.com Inc.’s stock had the biggest advance on the S&P 500 Index after the e-commerce giant said its holiday season this year was “record-breaking,” with billions of items shipped and “tens of millions” of Amazon devices like the Echo Dot sold.
NYC Creeps Ahead on Congestion Fees, Raising Doubts on Deadline
Tolls on motorists entering midtown Manhattan promise to alter everyday life for millions of people in the most populous U.S. city. Yet with the fees slated to begin in a year, the panel empowered to set pricing and other policies has yet to be created.
Diesel Dips 0.5¢ to $3.041 Per Gallon; Oil Price Creeps Higher
The U.S. average retail price of diesel dipped 0.5 cent to $3.041 a gallon, the Department of Energy reported Dec. 23.
BMW Contacted by SEC Over US Sales Reporting Practices
BMW AG is being scrutinized by the U.S. Securities and Exchange Commission over its sales reporting practices, months after the regulator extracted a penalty from Fiat Chrysler Automobiles NV over similar issues.
Businesses Face New Overtime Rules in New Year
NEW YORK — The new year brings new overtime rules for employers including small businesses and in turn, a pay raise for an estimated 1.3 million workers.
ATA’s Truck Tonnage Drops 2.1% Year-Over-Year in November
Truck tonnage fell 2.1% in November compared with year-ago levels, the first year-over-year decline since April 2017, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
Electric-Truck Maker Rivian Raises $1.3 Billion in New Funding
Rivian Automotive Inc., the electric truck maker already backed by Amazon.com and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.
Tesla Tops Elon Musk’s $420 Milestone for First Time
Tesla Inc. climbed above $420 for the first time Dec. 23 as fresh financing arranged from banks in China added to optimism supporting a monthslong rally.
Factory Orders Fall 2%; Transportation Equipment Orders Dive 5.9%
WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods fell 2% in November, led by a large decrease in orders for defense aircraft and parts. Transportation equipment orders fell 5.9%, its biggest decline since May.