Business

About Business News...

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.

Government, Business, Technology, Equipment, Logistics, Autonomous

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.

Alan Levin | Bloomberg News
December 27, 2019
Business, Technology

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.

Jordyn Holman | Bloomberg News
December 27, 2019
Government, Business, Safety, Fuel

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.

Henry Goldman | Bloomberg News
December 27, 2019
Government, Business, Fuel

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.

Roger Gilroy | Senior Reporter
December 23, 2019
Government, Business

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.

December 23, 2019
Government, Business

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.

Joyce M. Rosenberg | Associated Press
December 23, 2019
Business, Logistics, Breaking News

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.

Dan Ronan | Senior Reporter
December 23, 2019
Business, Technology, Fuel, Autonomous

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.

Gabrielle Coppola | Bloomberg News
December 23, 2019
Business, Technology, Fuel, Autonomous

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.

Catherine Larkin | Bloomberg News
December 23, 2019
Government, Business

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.

Matt Ott | Associated Press
December 23, 2019