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.
Phillips Connect Technologies Debuts Two Tracking Devices
Phillips Connect Technologies has unveiled two tracking devices intended for a trailer or chassis.
September 11, 2019GM Strike Risk at 12-Year High With Weekend Deadline Approaching
Union leaders from General Motors Co. factories across the country are flying into Detroit this weekend to either agree to take a proposed labor contract offered by the automaker to their members for a vote, or go on strike.
Employees of Closed Carrier LME Are Losing Hope They'll Get Paid
Two months after less-than-truckload carrier LME of New Brighton, Minn., abruptly shut down, former employees told Transport Topics that they have not received back pay and bonuses they were promised, and fear they may never see this money.
Wholesale Prices Up 0.1% in August
WASHINGTON — U.S. wholesale prices edged up a slight 0.1% in August as energy prices took a big plunge, a further sign that inflation is remaining tame.
NACFE Names Drivers for Regional Run on Less Showcase
Ten regional-haul drivers, whose experience ranges from one year to 42 years, will participate in the Regional Run on Less fuel efficiency roadshow from Oct. 7 through Oct. 25, the North American Council for Freight Efficiency announced Sept. 10.
Canadian National Railway Acquires Canada, New York Line
Canadian National Railway will take over about 220 miles of railroad throughout Canada and Upstate New York in a deal that could affect about 60 positions.
US House Approves DERA Grants Legislation
Legislation that would reauthorize a grant program meant to improve air quality by reducing diesel emissions was advanced by the U.S. House of Representatives on Sept. 9.
UPS to Hold Holiday Hiring Steady at About 100,000
UPS Inc. expects to hire about 100,000 seasonal workers and pay them more to handle the avalanche of packages shipped between Thanksgiving and Christmas, the parcel delivery giant said Sept. 9.
Amazon Looks to Hire 30,000
Amazon is going on a hiring spree. The online shopping giant is holding job fairs across the country next week, aiming to hire more than 30,000 people by early next year, a 5% bump in its total workforce.
VW Warns Trade War Causing Slow Car Sales
Volkswagen AG and other carmakers warned that trade tensions risk dragging the global economy into a recession as the fallout starts to hit consumers.