Business

About Business News...

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.

Business, Safety

2019 Montana Truck Driving Championships

Scenes from the 2019 Montana Truck Driving Championships June 15 in Helena. (Motor Carriers of Montana)

July 5, 2019
Business, Technology, Fuel, Autonomous

Electric 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, 2019
Business, Technology, Autonomous

BMW 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.

David McHugh | Associated Press
July 5, 2019
Government, Business

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.

Josh Boak | The Associated Press
July 5, 2019
Government, Business

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.

Eugene Mulero | Senior Reporter
July 5, 2019
Government, Business, Logistics

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.

Blake Brittain | Bloomberg News
July 3, 2019
Business, Equipment

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.

Jim Stinson | Staff Reporter
July 3, 2019
Government, Business

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.

Eleanor Lamb | Staff Reporter
July 3, 2019
Business

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, 2019
Business, Technology, Fuel, Autonomous

Ford 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.

Tatiana Darie | Bloomberg News
July 3, 2019