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.
Trade War Hits Housing as Building in US Factory Areas Slows
Homebuilders are pulling back from U.S. manufacturing areas as shots fired in President Donald Trump’s trade war begin to ricochet across the economic landscape.
Toyota Moves to Deepen Ties With Suzuki
Toyota Motor Corp. and Suzuki Motor Corp. are strengthening their relationship by taking stakes in each other, the latest alliance in an industry that’s facing sweeping changes in technology, consumer preferences and business models.
Enbridge Pipeline Contracts Seen Putting Power in Refiner Hands
Enbridge Inc.’s plan to contract space on its Mainline oil pipeline system is drawing the ire of producers who argue the new system will give too much power to Midwest refiners.
DOT Seeks Comment on Environmental Impact Document Length Limitations
The U.S. Department of Transportation is seeking comment on its recent interim policy memos that require environmental impact statements for infrastructure projects to generally be limited to a maximum of 150 pages.
Georgia DOT, FHWA, The Ray Formalize Partnership for I-85 Infrastructure
The Georgia Department of Transportation, the Federal Highway Administration and The Ray officially have entered a partnership that defines their commitment to transforming a stretch of Interstate 85 into a proving ground for innovative infrastructure projects.
Grand Jury Indicts Anthony Levandowski for Trade Secret Thefts
Autonomous technology pioneer Anthony Levandowski was indicted by a federal grand jury on charges that he stole trade secrets from Google that he later used on other projects, including the Otto self-driving truck.
BP Exits Alaska After 60 Years in $5.6 Billion Hilcorp Sale
BP Plc agreed to sell its entire business in Alaska to closely held Hilcorp Energy Co. for $5.6 billion, ending a six-decade presence in the state as oil production there declines.
Amazon Opens Oklahoma Fulfillment Center
Amazon’s newest facility, in Oklahoma City, received its first package Aug. 25. The Amazon fulfillment center is the first of its kind in Oklahoma. It functions as a hub for storage and delivery of products shipped through Amazon and works in conjunction with existing Amazon delivery and sortation centers in the metro area.
Cummins, UC-San Diego to Study Reusing EV Batteries
Cummins Inc. on Aug. 27 announced a multiyear partnership with the University of California-San Diego and its battery validation lab.
August 27, 2019DTNA's Milestone Truck Presented to UPS
Daimler Trucks North America announced the production of the 750,000th vehicle built at its Cleveland, N.C., truck manufacturing plant. Keys to the milestone vehicle, a Freightliner new Cascadia, were presented to representatives from UPS Inc.
August 27, 2019