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.
Loadsmart, Starsky Robotics Dispatch Autonomous Truck Automatically
Loadsmart and Starsky Robotics said the companies have automatically dispatched an autonomous truck to haul freight.
August 12, 2019Russia, Iran, Others Debate How to Divide Caspian Oil Riches
TURKMENBASHI, Turkmenistan — Five countries bordering the energy-rich Caspian Sea met Aug. 12 at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region’s oil wealth.
US Recession Concerns Rising With Trade War, Goldman Sachs Says
Goldman Sachs Group Inc. is raising concerns of a U.S. recession as the trade war with China intensifies, boosting the impact on economic growth.
Saudi Aramco Expands With $15 Billion Stake in India’s Reliance
NEW DELHI — Oil giant Saudi Aramco is buying 20% of Indian conglomerate Reliance Industries’ oil and chemicals business for about $15 billion.
August 12, 2019Fiat Chrysler Deal Gives Detroit Residents First Crack at Jobs
A city program gives Detroit residents first crack at jobs with Fiat Chrysler.
CVSA Asks Senate to Fund an Updated Major Crash Causation Study
The Commercial Vehicle Safety Alliance has asked U.S. Senate appropriators to include funding in the 2020 transportation funding bill for a study that would explore the causes for commercial vehicle crashes, an update to a similar study completed 16 years ago.
Commercial Vehicle Group’s Revenue Up 4.2% in 2Q
Commercial Vehicle Group Inc. reported net income of $7.2 million for second-quarter 2019, down 46% compared with net income of $13.2 million in the prior-year period.
Oil Jumps Most in Month as Saudi Action Outweighs Demand Worries
Oil surged the most in nearly a month as investors digested Saudi Arabia’s latest plan to help stabilize prices following a large dip earlier in the week that was fueled by demand concerns.
Stamps.com Stock Soars on Forecast Improvement
Stamps.com Inc. shares surged Aug. 8 after the company raised the midpoint of its yearly forecast, easing some investors’ worst fears.
Uber Posts $5.2 Billion Loss in Q2
Uber Technologies Inc. declared its worst quarterly earnings, reporting a $5.2 billion net loss for the quarter ending June 30.