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.
Ryder Buys 900 Commercial Electric Vehicles From Chanje
Ryder System Inc. announced it is buying 900 Class 5 electric vehicles from truck maker Chanje Energy Inc., and that FedEx Corp. will lease the vehicles from Ryder and buy 100 of the same all-electric trucks itself.
Diesel Drops 2.1¢ to $3.261 a Gallon in Sixth Consecutive Weekly Decline
The U.S. average retail price of diesel dropped 2.1 cents to $3.261 a gallon the U.S. Energy Information Administration reported Nov. 26 as crude oil prices continued to stay low.
November 26, 2018Capitol Agenda for the Week of Nov. 26: One More for the Road
If you don’t travel much, but you were among the millions of Americans who set out to visit loved ones this past Thanksgiving weekend, the traffic nightmare you experienced was indeed an anomaly. But there's hope. Here's a look at the week ahead for trucking on Capitol Hill.
FMCSA Receives Petition, Grants Exemption Related to HOS Rules
The Federal Motor Carrier Safety Administration announced it has received an exemption request from hours-of-service rules from one trade association and has granted reprieve from those rules to another.
Fiat Said to Weigh Robotics Unit Sale for Up to $2.3 Billion
Fiat Chrysler Automobiles NV is considering options for its robotics arm, Comau, including a potential sale at a value of 1.5 billion euros to 2 billion euros ($1.7 billion to $2.3 billion), sources familiar with the matter said. The shares rose the most since July.
November 26, 2018Medical Marijuana Companies Snap Up Trucking Rate Firm
RushNet Inc. and XYZ Hemp Inc. said they have acquired GreatRateFreight Inc., a company that specializes in using technology to link shippers with trucking companies. Terms were not disclosed.
November 26, 2018Crane Worldwide Logistics Adds Georgia Location
Crane Worldwide Logistics opened a facility in Savannah, Ga., to expand its footprint on the East Coast.
November 26, 2018Allison, LHP Telematics to Collaborate on Diagnostics
Allison Transmission Inc. announced it is expanding the remote diagnostic options available for its fourth- and fifth-generation transmissions through a collaboration with LHP Telematics.
November 26, 2018GM to Lay Off Nearly 15,000 Workers
DETROIT — General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles.
Blockbuster Cyber Monday May Not Be Enough to Boost Market
Shoppers will spend an estimated $7.8 billion on Cyber Monday, Nov. 26 — a record — boosting a strong holiday shopping season, and Wall Street likely will shrug it off.