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.
Schumer Proposes $462 Billion Car Swap — Gas for Electric
WASHINGTON — Senate Minority Leader Chuck Schumer is proposing a $462 billion trade-in program to get millions of Americans out of climate-damaging gas vehicles and into electric or hybrid cars over the next decade.
XPO Logistics Launches Partnership With MIT
GREENWICH, Conn. — XPO Logistics Inc. announced Oct. 24 that it was teaming up with the Massachusetts Institute of Technology to advance innovation in its industry.
Ford to Debut New Electric Vehicle Nov. 17
Ford Motor Co. will debut its first battery-electric crossover Nov. 17, the automaker said Oct. 24.
GM Edges Toward Ending Strike as Key Factory Backs Labor Deal
General Motors Co. moved closer to ending a five-week strike when 61% of workers at an important truck plant in Flint, Mich., supported a tentative labor agreement.
Fireworks Companies Seek HOS Exemption From FMCSA
Two pyrotechnics companies have asked the Federal Motor Carrier Safety Administration to grant them exemption from certain hours-of-service rules.
Nissan Ex-Chairman Ghosn’s Lawyers Want Charges Dismissed
TOKYO — The lawyers of former Nissan Chairman Carlos Ghosn, who is awaiting trial in Japan, said Oct. 24 they have requested that financial misconduct charges against him be dismissed.
Echo Global’s Net Income Drops 49% in Q3
Echo Global Logistics Inc., a Chicago-based technology-enabled transportation management service, said profits dropped by about half in the quarter ended Sept. 30.
October 24, 2019More Groups Advocating For Highway Bill, Infrastructure Push Congress
A coalition of nearly 40 prominent infrastructure stakeholders has urged the powerful Republican leader of the U.S. Senate to set up consideration for a comprehensive highway bill this year.
FMCSA Receives More Than 2,600 Comments on HOS Proposal
The variety of the more than 2,600 written public comments on the Federal Motor Carrier Safety Administration’s proposed changes to its hours-of-service rules illustrate the challenge of finding solutions that address the concerns of the trucking industry’s different segments.
Haldex Sees Net Income Fall, Revenue Rise in Q3
Commercial vehicle brake supplier Haldex AB reported lower third-quarter earnings and higher revenue as it increased sales slightly in North America.