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.

Business, Logistics

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.

Theophilos Argitis | Bloomberg News
January 22, 2019
Government, Business

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.

January 22, 2019
Business, Logistics

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.

Daniel P. Bearth | Staff Writer
January 18, 2019
Government, Business, Technology, Equipment, Safety

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.

Eleanor Lamb | Staff Reporter
January 18, 2019
Government, Business, Technology, Equipment, Fuel

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.

Ryan Beene | Bloomberg News
January 18, 2019
Business, Technology, Autonomous

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, 2019
Business

Legion 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, 2019
Government, Business

Michelin 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.

January 18, 2019
Business, Logistics

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, 2019
Business, Technology, Fuel

Tesla 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.

Esha Dey | Bloomberg News
January 18, 2019