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.
FedEx Files $212 Million Building Permit for World Hub in Tennessee
MEMPHIS, Tenn. — FedEx officials confirm the company has filed a building permit for its new package sorting facility and world hub in Tennessee.
October 17, 2019Future of Workforce a Priority Amid AI Push, Lawmakers Say
WASHINGTON — The advancements in artificial intelligence will require a national strategy that ensures workers are able to adapt to sweeping changes, two members of Congress active in this national debate said Oct. 16.
Group Organizing Rebuttal Effort to Revised Chassis Pool Plan at Ports
The simmering dispute between ocean shippers and trucking over the availability, price and quality of chassis has gotten a little hotter.
Details Key for Lease-Purchase Deals; Drivers Urged to Do Their Homework
For drivers wary of the prices for new or gently used trucks, lease-purchase agreements can offer a path to eventual ownership, but researching the deal before signing on the dotted line is crucial to avoid potential financial pitfalls, experts said.
Fed Survey Finds US Economy Being Hurt by Trade Battles
The Federal Reserve, issuing its latest assessment of business conditions around the country, reported Oct. 16 that “persistent trade tensions and slower global growth” were weighing on the economy.
Massachusetts Gov. Charlie Baker Promotes $18 Billion Transportation Plan
Massachusetts Gov. Charlie Baker recently testified before the state’s Joint Committee on Transportation to promote proposed legislation for an $18 billion transportation plan.
New York Gov. Andrew Cuomo’s Thruway Toll Plan Shadows $2.7 Billion Bond Sale
New York Gov. Andrew Cuomo’s still-unclear policy on future toll increases for the new Tappan Zee Bridge and the 570-mile New York State Thruway is casting uncertainty over the agency’s outlook as it returns to the municipal-bond market.
Volvo to Cut Carbon Footprint in Bid to Sell Electric SUVs
Volvo is tying the launch of its first all-electric vehicle — the XC40 Recharge crossover — to a broader plan for shrinking the carbon footprint of its models by 40% through 2025.
Europe’s Ports May Have Spent Millions on Brexit for Nothing
The port of Calais on France’s northern coast has spent 6 million euros ($6.6 million) on facilities for customs officers, updated signage around freshly painted roads and huge extra parking lots for trucks. It may all end up being pointless.
GM Has Tentative Deal With UAW, Though Strike May Continue
General Motors Co. and the United Auto Workers have reached a tentative agreement on a new contract, and the union will decide Oct. 17 whether to continue a more than monthlong strike while the deal is voted on by members.