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.
Infiniti Will Market Cars That Still Fill Up on Gas as Electric
Infiniti bills itself as being a convention challenger, but the Nissan Motor Co. luxury-car division still sees the future of electrification much like the era of internal combustion.
VW’s Traton Joins Rivals in Warning Demand for Trucks Is Souring
Volkswagen AG’s Traton truck-making division echoed competitors in warning it’s “intensively” preparing for a much more difficult environment next year.
Mack Trucks Union Workers Approve Labor Agreement
Mack Trucks announced late on Nov. 3 that United Auto Workers members ratified a four-year collective bargaining agreement with the company. The contract covers more than 3,500 Mack workers across six facilities in Pennsylvania, Maryland and Florida.
Perspective: What AB 5 Means for California Trucking
California’s recent passage of a law that will limit when and how a business can contract with an owner-operator for trucking services is causing concern.
Uber Freight Adds Service in Canada
Digital broker Uber Freight announced its expansion to portions of Canada.
November 1, 2019Washington Supreme Court Finds State Not at Fault for Skagit River Bridge Collapse
The Supreme Court of Washington has determined the Washington Department of Transportation cannot be held at fault for an interstate bridge collapse that occurred in 2013.
Convoy Enhances App, Giving Carriers Access to More Spot Freight
Digital freight broker Convoy launched direct-from-shipper loads nationwide, a feature intended to provide carriers access to 10 times the amount of spot freight from America’s largest shippers.
November 1, 2019Fiat Chrysler Posts Record North America Earnings, Margins in Q3
Fiat Chrysler Automobiles NV delivered record third-quarter pre-tax earnings in North America and a best-ever 10.6% margin, the automaker said Oct. 31, a sign to its would-be French partner, Groupe PSA, that it could be a strong ally on the continent.
U.S. Xpress Records First Quarterly Loss Since Going Public
Truckload carrier U.S. Xpress reported a net income loss of $1.4 million, or minus 3 cents per share, in the third quarter, when the Chattanooga, Tenn.-based company announced its earnings Nov. 1.
Old World Industries Acquires Dasco’s DEF Business
Old World Industries announced it acquired Dasco Inc.’s diesel exhaust fluid and prilled [pellet] automotive-grade urea global business and assets.
November 1, 2019