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.
Lion Sets Class 8 Electric Truck Production for Fall
ATLANTA — The Lion Electric Co. wants to demystify electric commercial vehicles for its customers.
Yokohama Introduces Two Low-Rolling-Resistance Tires
ATLANTA — Yokohama Tire debuted two new SmartWay-verified, low-rolling-resistance tires at American Trucking Associations’ 2019 Technology & Maintenance Council annual meeting here March 19.
House Republicans Push for Action on Self-Driving Vehicles Bill
Three Republicans in the U.S. House of Representatives are ready to re-legislate on the technology for self-driving vehicles. And, to do so, they are asking the chamber’s new Democratic leadership to proceed with a bill.
With Strong Traffic, Panama Canal Bonds Get Upgrade
The Panama Canal is doing so well, it got its credit rating upgraded by Moody’s Investors Service.
Ex-Alabama Trooper Admits Hacking Into FMCSA Database
A former Alabama state trooper has pleaded guilty to hacking into the Federal Motor Carrier Safety Administration’s computer databases, gaining access to sensitive data using credentials he obtained while working for the Alabama Law Enforcement Agency.
FedEx Names Don Colleran New CEO of Express
FedEx Corp. named company veteran Don Colleran president and chief executive officer of FedEx Express, the latest change linked to a shakeup of the shipping company’s top executives last month.
March 19, 2019FedEx Earnings Take a Hit as International Shipping Slows
FedEx Corp. reported higher revenue but lower profits in the third quarter of fiscal 2019 and cut its earnings forecast for the remainder of the year.
Kane Is Able Receives Equity Investment From Harkness Capital Partners
Kane Is Able Inc., a warehousing and distribution business in operation since 1930, announced that Harkness Capital Partners agreed to make an unspecified equity investment in the firm as part of a strategy to expand the company’s services and national presence.
RK Logistics Group Deploys Fetch Robots in Its Warehouses
RK Logistics Group has unleashed the robots in its warehouses and distribution centers.
Teamsters Issue Warning to New England Stop & Shop Supermarkets
The Teamsters warned Stop & Shop that its members would support the supermarket’s union in any labor stoppage as a result of the current impasse in contract negotiations, with nearly 700 warehouse workers and 250 drivers delivering food and other products to Stop & Shop stores in southern New England.