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.
Conn. Rail Plan Would Cut Travel From New Haven to New York by 30 Minutes
Gov. Ned Lamont will call Nov. 7 for more than $4 billion in improvements for the Metro-North Railroad to cut travel times and alleviate traffic congestion in lower Fairfield County.
As L.A. Ports Automate, Some Workers Are Cheering On Robots
The arrival of robots at the Port of Los Angeles is exposing a stark economic divide between two sets of Southern California workers.
Toyota Q2 Profit Up 1% on Healthy Global Sales
TOKYO — Toyota Motor Corp.’s net profit edged 1% higher in the July-September quarter as vehicle sales grew around the world, Japan’s top automaker reported Nov. 7.
IG Audit Rates DOT Information Systems ‘Not Effective’
The U.S. Department of Transportation’s information systems and the sensitive data they contain are “not effective” in all critical “maturity levels,” according to a new audit issued by the DOT Office of the Inspector General.
Pizza Delivery in Snow No Problem With Yandex Delivery Robot
Yandex NV, Russia’s largest internet company, is rolling out a suitcase-sized robot that will attempt to deliver take-out despite Moscow’s winter snowstorms.
US Consumer Comfort Falls to Seven-Month Low on Finance Views
U.S. consumer comfort fell to the lowest level since March as ratings of the economy, personal finances and the buying climate all slumped, a potential sign of faltering in the strong support consumers are giving the expansion.
US Jobless Claims Decrease More Than Estimated to 211,000
Filings for U.S. unemployment benefits declined more than expected to reach a four-week low, another sign that a resilient labor market continues to underpin the economy.
VW Considers Sharing Autonomous-Car Tech to Defray Development Costs
Volkswagen AG is open to sharing future autonomous-vehicle systems with other manufacturers as it races to catch up with the likes of Waymo LLC in cost-intensive technologies that could transform the way people and goods move, according to an executive at the German automaker.
Utah Trucking Companies Allegedly Bribed FedEx Ground Executive
Federal indictments unsealed last month in Utah allege that 10 individuals participated in a decadelong scheme to pay a senior FedEx Ground manager in the state $1 million in bribes to steer business to trucking companies complicit in the plan, netting the companies hundreds of millions of dollars in fraudulent and unauthorized contracts.
Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away
Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companies stayed away.
November 6, 2019