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.
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.
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.
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, 2018Driver-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.
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.
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, 2018Industrial 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, 2018Eaton 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.
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.
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.