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.
Las Vegas Bridge Project Reaches Halfway Point
The Nevada Department of Transportation recently announced its connector bridge project in Las Vegas is halfway to completion.
Daseke Reports Net Loss of $273.3 Million in Q3
Flatbed and specialized fleet Daseke Inc. reported a net loss of $273.3 million in the third quarter of 2019, compared with a net profit of $2.2 million in the same quarter last year.
13.5% of Vehicles Inspected During Brake Safety Week Placed Out of Service
About 13.5% of commercial motor vehicles inspected in the U.S. and Canada during 2019 Brake Safety Week in September were removed from roadways for brake-related violations, the Commercial Vehicle Safety Alliance announced Nov. 12.
Pemex Faces Payment Problems After Cyberattack Shut Down System
A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation.
Chrysler Prodded Dealers Over 40,000 Cars They Didn’t Want
Fiat Chrysler Automobiles NV has been manufacturing more cars and trucks than its U.S. dealers are willing to accept, at one point creating a nationwide stock of about 40,000 unordered vehicles and stoking tension with some of its retailers.
Maryland-Virginia Partnership Will Rebuild American Legion Bridge
WASHINGTON — The governors of Virginia and Maryland have announced an agreement to rebuild and modernize the American Legion Bridge, which forms a vital link between the two states.
IMC Acquires TransInternational System
IMC Cos. has acquired TransInternational System effective Oct. 18, the intermodal logistics company said in a news release.
November 12, 2019Nauto Unveils AI-Powered Driver-Behavior Learning Platform
Fleet-safety technology company Nauto on Nov. 6 unveiled its first and only in-vehicle, artificial intelligence-powered Driver Behavior Learning Platform, according to a news release.
November 12, 2019PowerFleet Revenue Jumps 26% in Q3
PowerFleet Inc. reported revenue increased to $16.9 million, a 26% jump from $13.4 million in the third quarter of 2018. The revenue was a record for any quarter, the technology company said.
November 12, 2019Europe’s Natural Gas Glut Is Growing
Europe’s role as a destination of last resort for liquefied natural gas that traders can’t sell elsewhere may now be reaching its limits.