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.
CEO Brad Jacobs Looks to Grow XPO, According to Analysts
Brad Jacobs built XPO Logistics through aggressive mergers and acquisitions over the past eight years, only to cool to purchasing other companies. The high-profile CEO now appears to be back in acquisition mode.
Officials: ‘Unresolved Scientific Issues’ Responsible for Delay in Hair Drug-Testing Proposal
A report sent to Congress earlier this summer said that the reason for a nearly three-year delay in developing a proposed hair drug-testing rule was caused by such “unresolved scientific issues” as hair color and potential external contamination of hair that could adversely affect drug test outcomes.
Autonomous, Electric Infrastructure Will Expand With Demand, Experts Say
DALLAS — Infrastructure required for autonomous and electric vehicles will follow demand for such products, according to technology experts.
Driver Health Hinges on Accessibility, Panelists Say
DALLAS — Improving accessibility — to medical care, good food options, proper facilities and useful information — can help drivers address many of the health issues that affect them, according to wellness experts.
Officials Agree on Plan to Boost Ethanol, Biodiesel
The Trump administration has agreed to a new plan for boosting renewable fuels and offsetting waivers exempting oil refineries from mandates to use them, according to three people familiar with the matter who asked for anonymity before a formal announcement.
October 1, 2019Cummins, Hyundai Agree to Examine Fuel Cells Together
Hyundai Motor Co. and Cummins Inc. said in a joint statement that they have agreed to evaluate opportunities to develop and commercialize electric and fuel cell powertrains.
UPS Drones Win FAA Milestone Permission to Operate
UPS Inc. won U.S. certification to fly drones under regulations similar to those for airlines, a milestone that allows the company to vastly expand airborne deliveries.
Navistar Strives to Strengthen Ties to Customers
LISLE, Ill. — Service sells trucks, and better service sells more trucks, Navistar executives said during the company’s first investor day since 2015. The original equipment manufacturer is looking to expand its brick-and-mortar footprint as well as online presence to help accomplish this.
Stakeholders Keep Pushing for Congressional Action on AVs
The absence of autonomous vehicles legislation before congressional committees has not discouraged industry stakeholders from continuing to insist lawmakers establish a set of federal policies for the technology.
Factory Gauge Hits 10-Year Low as Employment Wobbles
A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector.