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.
2019 Montana Truck Driving Championships
Scenes from the 2019 Montana Truck Driving Championships June 15 in Helena. (Motor Carriers of Montana)
July 5, 2019Electric Jaguars to Be Made in UK Despite Brexit Uncertainty
LONDON — Jaguar Land Rover says it will manufacture a range of electric cars in the U.K., a boost to an industry braced for turmoil ahead of Britain’s departure from the European Union.
July 5, 2019BMW CEO Harald Krueger to Quit After Carmaker Loses Early Lead in Electrics
FRANKFURT, Germany — BMW CEO Harald Krueger is stepping down after a four-year tenure in which the automaker lost its lead in luxury car sales and saw an early head start in electric vehicles evaporate.
US Adds Solid 224,000 Jobs in June
WASHINGTON — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion.
Senate Panel to Consider STB Nominee Michelle Schultz July 10
The Senate Commerce Committee has scheduled the consideration of Michelle Schultz to be a member of the Surface Transportation Board for July 10.
In Court Filing, Prime Inc. Says Amazon’s Use of ‘Prime’ Causes Confusion
Prime Inc. says Amazon’s display of “Prime” on its shipping vehicles creates a likelihood of confusion with Prime Inc.'s trucking business, a July 2 complaint in the Western District of Missouri says.
Class 8 Orders Come in at 13,000 for June as Freight Movement Slows
North American Class 8 orders in June fell sharply from a year ago and primarily reflected replacement demand amid questions about the strength of the freight market, ACT Research reported.
Kentucky Unveils Potential Statewide Projects
The Kentucky Transportation Cabinet’s list of projects that will be considered as candidates for state transportation funding includes improvement plans for several major freight corridors.
Quest Global Acquires Dakota Moon
Quest Global acquired Dakota Moon Enterprises LLC, a Nevada-based engineering and supply chain services provider to the aerospace industry, according to a Quest news release.
July 3, 2019Ford Readies for Push in Electric Cars, Morgan Stanley Says
Ford Motor Co. is preparing to make a bigger push in electric vehicles, according to Morgan Stanley.