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.
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.
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.
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.
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.
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.
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.
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.
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, 2019Ford 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.
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