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.
Options Abound for Elevating Drivers’ Health and Wellness
There is a wellness movement on the rise aimed at improving the health of truckers, though the challenge remains to educate and motivate.
Former BMW Executive Markus Duesmann Named New CEO at Rival Audi
BERLIN — German automaker Audi says former BMW executive Markus Duesmann is to become its new CEO.
November 15, 2019Ford Puts Iconic Mustang Name on First Electric Crossover
Ford Motor Co., which pioneered the racy pony-car body style 55 years ago, will use the Mustang name and insignia on an electric crossover utility vehicle coming next year.
US Factory Output Declines by Most Since April Due to GM Strike
U.S. manufacturing output slumped in October by the most in six months as an auto workers strike at General Motors Co. curtailed vehicle production and the trade war continued to weigh on other factories.
Atlas Promotes Phil Wahl to Lead Logistics Unit
Atlas Logistics Inc., a subsidiary of Atlas World Group Inc., promoted Phil Wahl to president and chief operating officer, a newly created position for the company, effective Jan. 1. Most recently, Wahl was senior vice president.
November 15, 2019US Signals China Trade Talks in Final, Hardest Steps to a Deal
President Donald Trump’s administration signaled talks with China over the first phase of a broad trade agreement are entering the final stages when the most contentious and complex issues are debated, with no guarantee that another breakdown will be averted.
November 15, 2019German Industrial Job Losses Top 80,000 With Daimler Cuts
Daimler AG said this week it will shed 10% of management positions at its Mercedes unit, lifting the tally of job cuts announced this year across Germany’s manufacturing sector to more than 80,000.
Eaton Reports Higher Q3 Net Income, Lower Revenue
Eaton Corp. reported higher net income in the third quarter amid lower revenue as its electrical segments led the gains.
November 14, 2019New Jersey Seeks $640M From Uber for Misclassifying Workers
TRENTON, N.J. — New Jersey is seeking more than $640 million from Uber in taxes and penalties, saying the ride-booking company misclassified its drivers as independent contractors.
West Coast Ports Report Lackluster October
Three West Coast ports saw significant drop-offs in cargo volume last month, the latest indication that the United States’ long-simmering trade dispute with China is impacting operations at the nation’s ports.