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.
Cummins Taps Amy Adams for New VP Post With Hydrogen Focus
Cummins Inc. selected Amy Adams to the newly created position of vice president of fuel cell and hydrogen technologies.
October 15, 2019Walmart Subsidizing Some Vendors in Price War With Amazon
Hold on to your smartphone — the holiday price wars between Walmart Inc. and Amazon.com Inc. are heating up.
South Korea Speeds Up Plans for Autonomous, Electric and Flying Cars
South Korea unveiled plans to speed up the adoption of electric cars, self-driving vehicles and even flying automobiles in the coming years to help revive a sagging economy.
Mack Truck Workers Begin Strike at Plants in 3 States
Thousands of Mack Truck workers were on strike Oct. 13 at plants in three states, the first such walkout in decades.
October 15, 2019Indiana DOT Announces $99 Million for Local Roads
The Indiana Department of Transportation and Gov. Eric Holcomb recently announced the distribution of $99.2 million in state matching funds across local government agencies to fund infrastructure construction projects.
US, China Reach Substantial ‘Phase One’ Trade Deal, Trump Says
The U.S. and China reached a partial agreement Oct. 11 that would broker a truce in the trade war and lay the groundwork for a broader deal that Presidents Donald Trump and Xi Jinping could sign later this year, according to people familiar with the matter.
October 11, 2019SEFA Group Wins State Clean Diesel Grant
The SEFA Group was awarded a State Clean Diesel Grant in South Carolina through the Diesel Emission Reduction Act program, the company said in an Oct. 10 news release.
October 11, 2019GM Losing Patience With UAW Over Nearly Monthlong Strike
General Motors Co.’s chief labor negotiator suggested the United Auto Workers is dragging its feet in responding to the automaker’s latest contract offer in a show of frustration with a strike that’s lumbering toward the one-month mark.
Uber to Acquire Chilean Grocery Startup That Walmart Failed to Buy
Uber Technologies Inc. plans to buy a majority stake in online grocer Cornershop, a deal designed to both extend its geographic reach and bolster profits by bundling food delivery with rides.
Consumer Sentiment Rises to Three-Month High
Sentiment among American consumers posted a surprise jump in October amid expectations for rising incomes and lower inflation, indicating households will continue to extend the longest-running U.S. expansion.