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.

Business, Technology, Logistics

BMW-Daimler Ride-Hailing Venture Steps Up Uber Challenge

FreeNow, the ride-hailing venture owned by Daimler AG and BMW AG, expects to double revenue this year and next in a fresh challenge to Uber Inc. in Europe and Latin America.

Christoph Rauwald | Bloomberg News
December 16, 2019
Business

Dana Elects CEO James Kamsickas Chairman

Dana Inc. appointed CEO and President James Kamsickas to the additional post of chairman.

December 16, 2019
Government, Business, Technology, Equipment, Fuel, TCA

Northeast States Weigh Transportation and Climate Initiative

Massachusetts Gov. Charlie Baker is one of the leaders pushing for a regional program that would raise the price of gas while curbing greenhouse gas emissions from transportation.

Shira Schoenberg | MassLive.com
December 16, 2019
Business

Truckers, Volunteers Deliver Wreaths and Recognition to Fallen Veterans

ARLINGTON, Va. — Hundreds of thousands of volunteers put on rain gear and bundled up at Arlington National Cemetery and 2,140 other locations in the United States and two cemeteries in Europe on Dec. 14, placing wreaths on the graves of our nation’s fallen military heroes.

Dan Ronan | Senior Reporter
December 14, 2019
Business, Technology, Equipment, Autonomous

Tesla Zealotry on Street Fades as Focus Shifts to Fundamentals

The perpetual war between Tesla Inc.’s bears and bulls may finally be simmering down.

Esha Dey | Bloomberg News
December 13, 2019
Business, Technology, Fuel

Volvo to Test Electric Trucks in Europe

Volvo Trucks announced it has developed electric concept trucks for construction operations and regional distribution.

Roger Gilroy | Senior Reporter
December 13, 2019
Government, Business

Democrats, GOP Reach Deal to Avert Government Shutdown

Lawmakers from the House and Senate have reached a bipartisan deal to fund the government before the Dec. 20 spending deadline, according to Nita Lowey, the New York Democrat who chairs the House Appropriations Committee.

December 13, 2019
Government, Business, Fuel

Oil Reaches Three-Month High Above $60 on US-China Trade Pact

Oil rose above $60 a barrel for the first time in almost three months after the U.S. and China agreed on the text of a partial trade deal, giving a boost to the fragile outlook for global oil demand.

Sharon Cho and Grant Smith | Bloomberg News
December 13, 2019
Government, Business

Trump Says US, China Have Reached Deal

WASHINGTON — President Trump said Dec. 13 that the U.S. has canceled plans to impose new tariffs on $160 billion worth of Chinese imports Dec. 15 as part of a modest interim agreement that de-escalates a 17-month trade war between the world’s two biggest economies.

Paul Wiseman and Joe McDonald | Associated Press
December 13, 2019
Government, Business, Logistics, TCA

Pennsylvania Freight Rail Track Gets $700,000 for Rehabilitation

The Pennsylvania Department of Transportation awarded $700,000 to Pittsburgh Intermodal Terminals Inc. to improve about 1 mile of freight rail track to bolster operations and generate jobs in Beaver County.

Dani Fitzgerald | Beaver County (Penn.) Times
December 13, 2019