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.
Clean Energy Fuels Opens RNG Station in New York City
Clean Energy Fuels Corp. opened its newest natural gas fueling station in Hunts Point — the first station in New York City to exclusively offer renewable natural gas for medium- and heavy-duty vehicle fleets.
July 12, 2019Daimler’s Luxury Sheen Shows Cracks After Fourth Profit Warning
Barely three weeks ago, Daimler AG dialed back profit expectations for the year. The move was seen as a housekeeping exercise to allow CEO Ola Kallenius to start with a clean slate.
Eco-Energy Launches Logistics Service for Ethanol Market
Eco-Energy, a biofuel supply chain company, launched its Ethanol Logistics Service on July 11 to reach a broader mix of ethanol buyers and shippers, and create the largest asset-backed logistics management service exclusively focused on ethanol.
July 12, 2019Walmart Hunts for New Online Revenue Chief as Losses Mount
Walmart Inc. has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. The company is searching for a new chief revenue officer for its U.S. e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com, Target Corp. and other rivals.
Producer Prices Increased More Than Forecast in June
A measure of underlying U.S. producer prices increased in June by more than forecast, driven by trade services and indicating inflation may be starting to stabilize.
Trump Hits Out at China Over Slowing Agricultural Purchases
President Donald Trump complained that China hasn’t increased its purchases of American farm products, a promise he said he had secured at a meeting with the country’s president, Xi Jinping, at the Group of 20 summit last month.
July 12, 2019Tropical Storm Barry Set to Dump Two Feet of Rain on Louisiana
The leading edge of Tropical Storm Barry’s wind and rain is reaching Louisiana, where communities including New Orleans are bracing for a downpour that threatens to inundate already-high waterways. Gulf of Mexico operators have shut-in 1.01 million barrels a day of oil production.
VW, Ford Extend Collaboration to Electric, Self-Driving Cars
Volkswagen AG and Ford Motor Co. will cooperate on electric and self-driving car technology, sharing costs on a global scale to take a major step forward in the industry’s disruptive transformation.
Incoming and Outgoing Leaders at Port Association Agree on Big Issues
The head of the American Association of Port Authorities, Kurt Nagle, is stepping down after more than three decades with the group, and is handing the reins to industry veteran Chris Connor.
In Final Order, Wiley Sanders Truck Lines to Pay $3 Million for Illegally Transporting Hazmat
A federal judge has issued a criminal judgment requiring Wiley Sanders Truck Lines of Troy, Ala., to pay a fine of $3 million for illegally transporting thousands of pounds of lead-contaminated plastic battery chips.