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.

Government, Business, Technology

Elon Musk's SpaceX Launch Site Risks Being Split in Two by Border Wall

Elon Musk’s SpaceX has a big stake in the battle over border security being waged in Congress: a launchpad on the U.S.-Mexico border that it plans to use for rockets carrying humans around the world and eventually to Mars.

Erik Wasson | Bloomberg News
February 8, 2019
Business, Logistics, Top 100

U.S. Xpress Enterprises' Efficiency Moves Pay Off

Efforts by dry van truckload carrier U.S. Xpress Enterprises to boost profits by improving the efficiency of its trucking operations are paying off.

Daniel P. Bearth | Staff Writer
February 8, 2019
Government, Business, Logistics

Amazon Reconsidering NYC Headquarters After Opposition

Amazon.com Inc. is reconsidering its plan to build a corporate campus in New York after facing a wave of opposition, according to a news report that cited unnamed people familiar with the matter.

February 8, 2019
Government, Business

US Warns EU Tariff Threat Will Return Unless Juncker Delivers

The U.S.-European trade truce struck last summer that has helped keep punitive tariffs at bay is at risk of unraveling, with America’s top diplomat to the European Union citing a lack of goodwill and progress in negotiations.

February 8, 2019
Government, Business

Bankruptcy Judge Gives Sears Another Chance

A bankruptcy judge on Feb. 7 approved a $5.2 billion plan by Sears’ chairman and biggest shareholder to keep the iconic business going.

Anne D’Innocenzio | Associated Press
February 8, 2019
Business, Technology, Equipment, Safety

Automakers Recall 1.7 Million Vehicles With Potentially Lethal Air Bags

DETROIT — Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan.

Tom Krisher | Associated Press
February 8, 2019
Business, Technology, Logistics, TCA

Tesla to Cut 1,000 Jobs Starting March 20

Tesla’s Fremont factory will be the hardest hit in California by the global job cuts the electric vehicle maker announced last month.

Levi Sumagaysay | The Mercury News (San Jose, Calif.)
February 8, 2019
Government, Business

Trump Says Summit With Xi ‘Unlikely’ by Tariff Deadline Date

President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce.

February 8, 2019
Business, Technology, Logistics

Ford Investing $1 Billion in High-Profit SUV Plants

Ford Motor Co. is investing $1 billion in two Chicago factories and hiring 500 workers to expand its ability to crank out high-profit sport utility vehicles, including its new Explorer.

Keith Naughton | Bloomberg News
February 8, 2019
Business, Logistics

Venture Formed to Provide Bulk Liquids Storage, Logistics

Hartree Partners, a New York-based commodities trading firm, is forming a business to provide storage, terminaling and logistics services for producers of crude oil, refined petroleum products and other bulk liquids.

February 8, 2019