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, Safety

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.

Hilary Daninhirsch | Special to Transport Topics
November 15, 2019
Business

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, 2019
Business, Technology, Fuel, Autonomous

Ford 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.

Keith Naughton | Bloomberg News
November 15, 2019
Government, Business

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.

Katia Dmitrieva | Bloomberg News
November 15, 2019
Business, Logistics

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, 2019
Government, Business

US 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, 2019
Business, Technology, Autonomous

German 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.

Richard Weiss | Bloomberg News
November 15, 2019
Business, Technology, Equipment

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, 2019
Government, Business

New 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.

November 14, 2019
Government, Business

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.

Dan Ronan | Senior Reporter
November 14, 2019