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.

Government, Business, Technology, TCA

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.

Christopher Keating | The Hartford (Conn.) Courant
November 7, 2019
Government, Business, Technology, Logistics, Autonomous, TCA

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.

Margot Roosevelt | Los Angeles Times
November 7, 2019
Business, Technology

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.

Yuri Kageyama | Associated Press
November 7, 2019
Government, Business, Technology

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.

Eric Miller | Senior Reporter
November 7, 2019
Business, Technology, Logistics, Autonomous

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.

Ilya Khrennikov | Bloomberg News
November 7, 2019
Government, Business

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.

William Edwards | Bloomberg News
November 7, 2019
Government, Business

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.

Reade Pickert | Bloomberg News
November 7, 2019
Business, Technology, Logistics, Autonomous

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.

Christoph Rauwald | Bloomberg News
November 6, 2019
Government, Business

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.

Eric Miller | Senior Reporter
November 6, 2019
Government, Business

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