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

Lineage Logistics, Dreisbach Open Cool Port Food Warehouse at Port of Oakland

Lineage Logistics and Dreisbach Enterprises opened a modernistic cold storage and logistics facility at the Port of Oakland to handle food imports and exports.

Daniel P. Bearth | Staff Writer
November 16, 2018
Business, Logistics

Walmart Expands Offerings in Bid to Stay in Retail Race With Amazon

NEW YORK — Walmart may be bruised by Amazon, but it’s learning how to fight back.

Anne D’Innocenzio | Associated Press
November 16, 2018
Business, Technology, Equipment, Logistics

Cadence Premier Logistics Opens Center in Illinois

Cadence Premier Logistics has opened the Pit Stop Truck Center, a 77,000-square-foot facility in Joliet, Ill., the company announced Nov. 14.

November 16, 2018
Business, Technology, Safety, Autonomous

Driver-Assist Systems Don’t Always Work, AAA Tests Show

DETROIT — Testing by AAA shows that electronic driver-assist systems on the road today may not keep vehicles in their lanes or spot stationary objects in time to avoid a crash.

Tom Krisher | Associated Press
November 16, 2018
Business, Technology, Fuel, Autonomous

Musk to Prowl Production Lines in Push for Model 3 Milestone

Tesla CEO Elon Musk says he will walk the entire Model 3 production line Nov. 27-28. From battery cells to finished vehicles, all assembly areas need to be able to support making 1,000 cars per day, he said.

November 16, 2018
Business, Technology, Fuel, Autonomous

VW to Invest $50 Billion in Autonomous, Electric Cars

FRANKFURT, Germany — Automaker Volkswagen says it will invest $50 billion (44 billion euros) in developing autonomous and electric cars and expand the appeal of battery-powered cars by selling its upcoming ID compact for about what a diesel-powered Golf costs.

November 16, 2018
Government, Business

Industrial Production Grew Modest 0.1% in October

WASHINGTON — U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production.

November 16, 2018
Government, Business, Equipment, TCA

Eaton to Open Plant in El Paso, Texas

Eaton Corp., a worldwide manufacturing company, plans to expand into El Paso, Texas, with a factory expected to open in the first half of next year with 200 employees.

Vic Kolenc | El Paso (Texas) Times
November 16, 2018
Government, Business, Safety

Incoming T&I Chairman Peter DeFazio: Freight Connectivity, HOS Priorities for Panel

With Democrats taking control of the House of Representatives and the former chairman of the House Transportation and Infrastructure Committee headed to retirement, all eyes are on Oregon Rep. Peter DeFazio as he heads toward his presumed appointment to the panel’s chairmanship.

Eugene Mulero | Senior Reporter
November 15, 2018
Business, Technology, Logistics

Tesla Has Bought Trucking Companies to Boost Deliveries, Elon Musk Says

Elon Musk apparently is charting his way out of what he’s referred to as “delivery logistics hell” by making acquisitions and lining up contracts with trucking haulers.

Dana Hull | Bloomberg News
November 15, 2018