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.
Williams CEO Says Its Gas Pipe Can Help Cuomo’s NY Green Goals
A natural gas pipeline that has been held up by New York could help Gov. Andrew Cuomo meet his ambitious clean energy goals if he approves it, according to the developer behind the $1 billion project.
With Eye on Future, Continental Opens Mississippi Tire Plant
German tire manufacturer Continental AG celebrated the grand opening of its first plant dedicated to truck tires, the company said in an Oct. 16 news release.
Layoffs Hit Stevens Tanker, Amazon Contractors
Closures and layoffs continue to vex the trucking industry in 2019, but three recent downsizings were attributed by the companies involved more to the vicissitudes of the energy, retail and final-mile industries than to a slowdown in the overall freight market.
Michigan Auditor General: MDOT Allowed Aggregates Group to Influence Study
Michigan’s auditor general recently found that the state Department of Transportation allowed industry representatives to influence a study on the aggregates market.
Paccar Reports Higher Q3 Income, Revenue
Paccar Inc. reported higher third-quarter net income and revenue amid gains in sales of trucks and parts.
UPS, AmerisourceBergen Plan Drone Drug and Device Delivery
UPS Inc. and AmerisourceBergen, the Chesterbrook, Pa.-based drug distributor, are working together to use UPS’ new Flight Forward “drone airline” to ship drugs and supplies to hospitals through small, unmanned aircraft across the U.S.
GM Strike Vote Is Going Down to Wire
General Motors Co. employees near Nashville, Tenn., narrowly rejected a proposed contract with the United Auto Workers, an early indication that the union’s vote to end a more than five-week strike could be a close call.
Manitoulin of Toronto Buys Miami Logistics Company
Manitoulin Global Forwarding acquired Demark Global Logistics of Miami, according to a news release by Toronto-based Manitoulin.
October 22, 2019Rio to Produce Lithium in California, Joining Electric Car Battery Race
Rio Tinto Group is starting pilot production of lithium in California and will consider an expansion to become the top domestic supplier in the U.S. as the world’s biggest miners look to boost their exposure to the electric car battery revolution.
Kansas City Southern Reports Strong Third-Quarter Earnings
Kansas City Southern on Oct. 18 reported an increase in net income in the third quarter, along with record revenue for the company in any quarter.