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.
ATA’s Truck Tonnage Index Falls 1.1% in June
American Trucking Associations’ June advanced seasonally adjusted For-Hire Truck Tonnage Index declined by 1.1% in June, after also falling 4% in May.
Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms
Same-day shipping is becoming more common for online shoppers, but for smaller merchants it can be a logistical nightmare. That’s where Shopify Inc. can step in, says Ric Kostick, CEO of 100% PURE.
Tesla’s ‘Anemic’ High-Margin Model Sales Extend Profit Struggle
Tesla Inc. is delivering more cars than ever because of the emergence of Model 3 customers like Mike Land. His view of the relative weakness of Elon Musk’s more expensive electric cars also helps explain why the company is still struggling to make money.
Coca-Cola Tops Profit Estimates as Global Drink Volumes Climb
Coca-Cola Co. shares surged to open at a record high July 23 after its latest earnings got another boost from drinks with less sugar, more than offsetting the company’s sluggish home market.
Daimler AG Sells 5% Stake to BAIC Group
A day ahead of its second-quarter earnings release, Daimler AG July 23 announced Beijing Automotive Group Co. Ltd., had acquired a 5% stake in the company.
July 23, 2019Lyft Making Driverless Data Public in Bid to Speed Development
Lyft is making research data on self-driving technology available to the public in a bid to accelerate the development of robotic cars, which is seen as critical to the ride-hailing giant’s future viability.
Paccar Achieves Revenue Records in 2Q
Paccar Inc. reported record quarterly revenue and higher net income in the second quarter amid strong global truck demand and record production.
Amazon Hit With Consumer Complaint Over Prime Day Endorsements
Amazon should be investigated by U.S. regulators over undisclosed paid endorsements on Prime Day, Washington-based Public Citizen, a consumer advocacy group says.
FMCSA Seeks Comment on Agricultural Commodity, Livestock Definitions in HOS Rules
In an effort to provide clarity for U.S. farmers and commercial drivers, the Federal Motor Carrier Safety Administration on July 22 announced it is seeking public comment on revising agricultural commodity or livestock definitions in hours-of-service regulations.
Availability of Medium-Duty E-Trucks Is Limited as Testing Continues
Battery-electric medium-duty trucks may have a bright future due to their potential to reduce operational costs and improve sustainability. But currently, the availability of these trucks is limited as testing continues.