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.
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.
Dana Elects CEO James Kamsickas Chairman
Dana Inc. appointed CEO and President James Kamsickas to the additional post of chairman.
December 16, 2019Northeast 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.
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.
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.
Volvo to Test Electric Trucks in Europe
Volvo Trucks announced it has developed electric concept trucks for construction operations and regional distribution.
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.
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.
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.
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.