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.
Amazon Hub to Net Estimated $111.7 Million for Florida City
The first question city officials were asked when news broke that Amazon was building an air cargo complex in Lakeland was how would the project benefit area residents. The calculations are in.
Microsoft to Invest $1 Billion in OpenAI
Microsoft Corp. agreed to invest $1 billion in a partnership with research group OpenAI, gaining a prominent cloud-computing customer from the artificial intelligence field.
Volvo Recalls 500,000 Vehicles Due to Faulty Engine Part
Volvo Cars is recalling about half a million cars worldwide because of a faulty engine component that may in extreme cases cause a vehicle to catch fire.
July 22, 2019Comcar Industries Looks to Hire Former LME Drivers
Two weeks after LME Inc. abruptly shut down its trucking operations in the Upper Midwest, leaving several hundred employees, including drivers, without jobs, another trucking company is looking to hire those drivers.
July 22, 2019Halliburton Cuts Fracking Jobs, Gear in US, Canada
Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear.
Heritage Foundation Endorses Devolution to Fund Highway Projects
The Heritage Foundation says Congress should devolve the federal government's functions to state agencies and immediately end all subsides for state roads. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
Kroger Goes Full Robot to Take On Amazon With Ocado
Kroger has unleashed a flurry of initiatives to ensure it won’t get thumped in a post-Amazon-buying-Whole-Foods world, but its biggest gamble is a partnership with British online grocer Ocado Group to build as many as 20 automated grocery warehouses in the United States.
Wabco Reports 2Q Declines in Net Income, Revenue
Wabco Holdings Inc. reported lower net income and revenue in the second quarter as global economic growth slowed in key regions, including its primary market — Europe.
Erich Jaeger USA Launches New Product Line
Erich Jaeger USA Inc. introduced its Jaeger Expert line of products for tractor and trailer connections aimed at the North American heavy-duty market, including equipment manufacturers, fleets and owner-operators.
July 19, 2019West Michigan International and Idealease of West Michigan Add Service Facility
West Michigan International and Idealease of West Michigan recently opened a 56,000-square-foot facility in Kalamazoo.
July 19, 2019