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.
Canadian Factory and Wholesale Slump Confirms Economic Slowdown
Canadian manufacturers and wholesalers recorded sharply lower sales in November, adding to evidence the nation’s economy entered a soft patch at the end of last year.
Shutdown at Day 32 as Democrats Vow to Reject Trump Offer
The longest government shutdown in U.S. history entered its 32nd day on Jan. 22 with Senate Majority Leader Mitch McConnell expected to call up legislation to advance a proposal from President Donald Trump, which Democrats have already said they’ll reject.
RoadOne IntermodaLogistics Receives Investment From Nonantum Capital Partners
Nonantum Capital Partners announced that it is partnering with Ken Kellaway and David McLaughlin to re-capitalize RoadOne IntermodaLogistics, a company based in Randolph, Mass., that provides container drayage, transloading and warehousing services at ports and rail terminals throughout the United States.
New York Hadn't Been Enforcing the ELD Mandate. Now It Is.
The New York State Department of Transportation announced that state inspectors will begin enforcing federal electronic logging device rules, ending a year-plus stretch during which a lawsuit kept the state law enforcement in limbo and left federal inspectors as the sole enforcers of the rule in the state.
Colorado Joining California in Mandating Electric-Vehicle Sales
Colorado moved to boost electric-car sales by taking the first step toward adopting a zero-emission-vehicle mandate patterned after one in California that’s under threat from the Trump administration.
Germany’s Mercedes-Benz Plans Assembly Plant in Egypt
BERLIN — German automaker Daimler’s Mercedes-Benz Cars unit says it is developing plans to open an assembly plant in Egypt.
January 18, 2019Legion Logistics Announces First Acquisition
Legion Logistics, a disabled veteran-owned 3PL, has announced its first acquisition, according to a Jan. 14 press release. The company will grow more than 10% with the acquisition of Qontinuity Enterprises, a 3PL based in Tennessee.
January 18, 2019Michelin CEO Jean-Dominique Senard Clears Hurdle on Path to Replacing Carlos Ghosn at Renault
Michelin CEO Jean-Dominique Senard, a frontrunner to replace Carlos Ghosn atop Renault SA, has passed one of the tests required for the job: support of the French state.
New Houston Facility Creates 575 Jobs, Boosts Automated Sorting, UPS Says
UPS Inc.’s new package delivery facility in northwest Houston’s Willowbrook area has created 575 new full- and part-time jobs, according to a company news release.
January 18, 2019Tesla Loses Most Valuable Carmaker Crown as GM Catches Up
If the outlooks from the two auto companies are anything to go by, GM looks set to be winning the race for the year.