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 Expands Logistics Presence in Latin America
FedEx Corp. on Aug. 30 agreed to acquire a Colombian freight-forwarding company and its affiliate to expand its FedEx Logistics offerings in Latin America.
September 3, 2019Uber of Trucks Reshapes Nigeria’s Haulage Market
An Uber-like app for trucks is making it easier and cheaper for firms to move goods in Africa’s most populous nation.
Tesla’s ‘Low-Controversy Execution’ Earns Praise From Analyst
Tesla Inc.’s recent progress in a few key initiatives while showing increased efficiency in fulfilling its global order book — all in a relatively quiet manner — is music to the ears of one analyst.
Time Running Low for Fleets to Convert AOBRDs to ELDs
Although the federal electronic logging device mandate has been in effect for nearly two years, the regulation will take full effect later this year when an exemption for older e-log systems is set to expire.
Re-Energized Hurricane Dorian Rakes the Southeast Coast
Re-energized at 115 mph, Hurricane Dorian raked the Southeastern U.S. coast with howling, window-rattling winds and sideways rain Sept. 5, knocking out power to more than 200,000 homes and businesses as it pushed northward toward North Carolina’s dangerously exposed Outer Banks.
Does Your Banking Partner Have These 8 Attributes?
Banks are eager to compete for your business. These eight must-have attributes will help you evaluate and choose a partner that’s dedicated to providing you with the capital, relationships and technology your business needs to keep growing and thriving.
September 3, 2019Sept. 1 Tariffs on China Kick In — As Does China's Retaliation
The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sept. 1, marking the latest escalation in a trade war that’s inflicting damage across the world economy. China retaliated.
September 1, 2019Oculus Transport Gets C$45M Loan From Great Rock Capital
Great Rock Capital, a commercial finance company specializing in middle-market lending, lent C$45 million to Oculus Transport Ltd. of Calgary, Alberta.
August 30, 2019BYD Selects Milea Truck as NYC Dealer
BYD Motors Inc. announced Milea Truck Sales and Leasing as its fully authorized truck dealer to support the New York metropolitan area.
August 30, 2019VW to Pay $100 Million, Restate Mileage in US Gas-Powered Cars
Volkswagen AG will revise fuel economy labels on several gasoline-powered models and pay nearly $100 million to drivers after an investigation discovered software that could optimize efficiency during government tests but not during real-world driving.