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.
UPS to Pay $8.4 Million to Settle Claim of Overcharging Government
WASHINGTON — The Justice Department says United Parcel Service Inc. must pay $8.4 million to settle allegations that the company was overcharging the federal government for package deliveries.
September 13, 2019Bonneville Lock Closure Hinders Supply Chain in Pacific Northwest
More than 100,000 tons of exports will be stranded upriver at the Bonneville Dam for about a month as the Army Corps of Engineers repairs a damaged navigation lock that river users call a “critical link” of the Columbia River trade corridor.
Kenco Logistics Adds Fifth California Warehouse
Kenco Logistics, North America’s biggest privately owned third-party logistics provider, has opened another warehouse to serve the Los Angeles market in Perris, Calif.
A. Duie Pyle Gets Temporary Location During Construction
Demand for services has prompted A. Duie Pyle to lease space while its permanent center is being built nearby.
Port of Savannah to Expand Rail Service to Chicago
The Georgia Ports Authority introduced dual rail service from the Port of Savannah to Chicago, with cargo reaching the Midwestern city in less than three days.
Wabco Partners With Silicon Valley Firm Plug and Play
Wabco Holdings Inc. announced it has signed a three-year agreement to be an anchor partner with Plug and Play, a global innovation platform leader headquartered in Sunnyvale, Calif. The Swiss company will gain access to Plug and Play’s global partnership network, which includes many startups, market disruptors and industry leaders.
September 13, 2019VW in $9 Billion Software Revamp as It Expands Tech Shift
Volkswagen AG is bundling its software operations with an investment plan of about 8 billion euro ($9 billion) over the next three to five years, another step in the electric- and connected-car shift that’s heralding massive change across the industry.
Federal Appeals Court Sends Idaho Hemp Suit Back to State Court
A federal appeals court has sent an appeal in an Idaho hemp civil lawsuit back to a state court, deciding to abstain from a ruling on whether to return to the owners a 6,700-pound load of hemp seized en route from Oregon to Colorado by Idaho State Police earlier this year.
China to Lift Punitive Tariffs on US Soybeans, Pork
BEIJING — China will lift punitive tariffs imposed on U.S. soybeans and pork in a trade war with Washington, a state news agency said Sept. 13, adding to conciliatory gestures by the two sides ahead of negotiations.
China’s ‘Uber-for-Trucks’ Breaks Even En Route to IPO
China’s Uber-for-trucks startup Full Truck Alliance said it’s weighing an initial public offering after breaking even from May, defying a sectorwide downturn.