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.
Layoffs Loom as Canadian Rail Strike Hits Chemicals, Farmers
Workers are receiving layoff notices and chemical companies face shutdowns as the effects of Canada’s largest rail strike in a decade ripples through the economy.
Despite Unveiling Issues, Elon Musk Says Tesla Pickup Truck Orders Hit 200,000
Tesla Inc. Chief Executive Officer Elon Musk said orders for its Cybertruck have climbed to 200,000 even after two windows unexpectedly shattered in the big reveal Nov. 21.
SunTrust Extends $16 Million Loan to Tribe Transportation
SunTrust Banks Inc. will serve as the sole lender of a $16 million deal to support the growth of Tribe Transportation, a Native American, female-owned transportation enterprise in Gainesville, Ga.
November 25, 2019DTNA Brings Cascadia to Down Under Markets
Daimler Trucks North America announced Nov. 22 the availability of the right-hand drive Freightliner Cascadia for Australian and New Zealand markets.
November 25, 2019Natural Gas Glut Has US Exporters Facing Worst-Case Scenario
A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance.
Partially Autonomous Truck Undergoes Tests in Illinois
Krystian Gebis did not have to keep his hands on the wheel when he operated a specially modified Peterbilt semi truck along a test track last month. The steering wheel turned by itself.
For Hemp Transporters, Idaho Roads May Resemble Obstacle Course
Idaho Republican Gov. Brad Little has issued an executive order that will permit motor carriers to transport hemp through the state that in recent months has been a risky proposition for truck drivers.
McLeod Mobile Capture App Eliminates Image Transaction Fees
McLeod Software’s version of DocumentPower Enterprise and FlowLogix will have a free version of its Mobile Capture app for phones and tablets.
November 22, 2019Uncertainty Over USMCA House Vote This Year Prompts Republican Backlash
Inaction on the floor of the U.S. House of Representatives on a new trade deal with Canada and Mexico has been met with sharp criticism from Republican leaders on Capitol Hill, as well as President Donald Trump.
Bill Would Let Amtrak Sue Freight Railroads
CARBONDALE, Ill. — U.S. Sen. Dick Durbin (D-Ill.) introduced legislation Nov. 21 that would extend to Amtrak the ability to sue freight railroads if it believes that they are failing to give preference to passenger rail operating on their rail lines, as federal law requires.