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.
Ryder Names John Diez President of Its Fleet Management Business, Combines Units
Ryder System Inc. announced John Diez, president of its dedicated transportation solutions business, has been appointed president of fleet management solutions (FMS).
Trump Slams GM’s Dwindling US Workforce
President Donald Trump criticized General Motors Co. for shrinking its U.S. manufacturing presence, which has reduced the company’s unionized workforce to the smallest among Detroit’s automakers.
US and China Locked in New Tariff Stare-Down
Labor Day picnic products are just a sampling of the more than 3,200 categories of Chinese goods targeted for the new tariff starting Sept. 1, barring a last-minute flinch by President Donald Trump.
Oil Heads for Biggest Gain Since Mid-July
Oil headed for its biggest weekly increase since mid-July after a sizable drop in American crude inventories and an apparent pause in U.S.-China trade hostilities eased demand fears.
Florida Hurricane Dorian Leaves Tanks Dry
Gas stations in parts of Florida are running out of fuel as drivers race to fill up ahead of Hurricane Dorian. Dorian’s course turned slightly south and now is expected to make landfall near Jupiter, Fla., as a Category 4, with winds reaching 140 miles per hour.
Tesla Gets Exemption From China’s 10% Tax on Car Sales
Tesla Inc. won exemption from a 10% Chinese tax on automotive sales, sidestepping trade tensions with the U.S. following CEO Elon Musk’s visit to the country.
August 30, 2019Uber CEO: It ‘Sure Looked Like’ Levandowski Took Google’s Files
Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said Aug. 29 that “it sure looked like” former executive Anthony Levandowski took information on self-driving cars from his former employer, Google.
2019 Roadcheck Nabs 17.9% of Vehicles and 4.2% of Drivers
Commercial vehicle inspectors conducted more than 67,000 inspections during a stepped-up three-day enforcement effort in June, putting 12,019 commercial vehicles and 2,784 drivers out of service.
CNH Industrial Weighs Options for Iveco Truck Unit
CNH Industrial NV, the tractor maker backed by Italy’s billionaire Agnelli family, is evaluating options for its Iveco truck business as it seeks ways to unlock value, people familiar with the matter said.
August 29, 2019Appeals Court Hears Oral Arguments in Idaho Hemp Case
A three-judge appeals court panel heard arguments Aug. 28 in a lawsuit challenging the confiscation of a 6,700-pound load of hemp being transported from Oregon to Colorado.