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.
Nikola Chooses Mark Russell as President
Mark Russell has joined Nikola Corp.’s executive management team as president at a time when the company said it is poised to start production of several groundbreaking zero-emissions vehicles.
February 26, 2019Warning Signs Flash for Detroit as Jeep Wranglers Pile Up on Dealer Lots
An unexpected spike in inventory of Fiat Chrysler Automobile NV’s iconic Jeep is stoking concern that the American SUV boom that has fueled Detroit automakers’ profit is reaching its limits.
February 26, 2019Vancouver Squeezed for Industrial Space, Canadian Brokerage Says
The market for industrial space is so hot in Vancouver, British Columbia, the city may run out of land for the sector, according to brokerage CBRE Ltd.
Drivers, Coaches Honored at Awards Ceremony
SAN DIEGO — Lytx recognized the safety performance of drivers and coaches at an awards ceremony held here during its annual user group conference.
T&I Ranking Republican Sam Graves Slams Green New Deal
Democrats’ Green New Deal manifesto aimed at revolutionizing the country’s transportation system by drastically reducing fuel emissions was described as a fantasy by the top Republican transportation policymaker in the U.S. House of Representatives.
Allison Transmission Reports Record Revenue, Net Income for 2018
Allison Transmission Holdings Inc. reported record annual revenue and net income for 2018 while tax-related and interest expense factors led to mixed fourth-quarter results.
Musk Faces Contempt Claim for Violating Accord With SEC
Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc., raising fresh concerns about the chief executive officer’s ability to keep his impulses in check and responsibly run a public company.
February 26, 2019Housing Starts Decline to Two-Year Low in December
U.S. new-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets.
Teamsters: Jack Cooper Workers at Ford Plant in Louisville Won’t Be Laid Off
Four hundred twenty-five union workers at the Ford Truck Plant in Louisville, Ky., who were told Feb. 20 they were being laid off April 21, will not be out of work, according to a Teamsters union leader who spoke with Transport Topics.
Home Depot Falls as Sales Outlook Slows and Housing Starts Lose Steam
Home Depot Inc. shares fell on Feb. 26 after the retailer said sales gains will start to cool off this year — mirroring a trend in the U.S. housing market.