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.
Parcel Giants, Logistics Companies Announce Hiring Plans Ahead of Holiday Season
Several of the shipping industry’s largest entities have unveiled their plans for holiday season hires. The temporary employees will help support an anticipated increase in packages beginning in November and continuing through January.
Second Month of R.I. Truck Tolls Exceeds Expectations
Data from the second month of Rhode Island’s truck-tolling program indicates that the number of vehicles moving through the gantries is higher than projected, while the number of trucks diverting to alternate routes is far lower than expected.
Connecticut to Offer Self-Driving Pilot Program in Four Communities
Self-driving cars could be on the road in large numbers sooner than anyone expected — possibly by 2021 — even if public support for autonomous vehicles appears to be dropping.
Brake Manufacturer Knorr-Bremse Plans IPO
Knorr-Bremse AG has opted to list shares in Frankfurt later this year after majority billionaire owner Heinz Hermann Thiele explored a range of strategic options for one of the world’s largest makers of truck and train brakes.
US, EU, China Vie for Influence in Eastern Europe
BUCHAREST, Romania — President Donald Trump on Sept. 17 reaffirmed Washington’s support for a business summit that aims to boost connectivity in Eastern Europe and improve ties among the region and the United States and European Union.
Self-Driving Cars Still Trying to Navigate Bad Weather
As things stand today, the driverless car of the future can’t handle more than a dusting of snow.
Class 8 Sales in August Notch the Most This Year
Class 8 U.S. retail sales kept climbing in August, reaching 23,913 vehicles, the highest point this year, WardsAuto.com reported. At the same time, truck dealers pointed to ongoing supply chain issues, and fleets found enough drivers to expand.
UPS Hiring 100,000 for Holiday Shipping Season
UPS announced that it is hiring about 100,000 temporary workers for the holiday shipping season.
September 17, 2018Report: Machines to Handle More Than Half of Workplace Tasks by 2025
GENEVA — More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Sept. 17 that highlights the speed with which the labor market will change in coming years.
Trump Plans to Slap 10% Tariff on $200 Billion of Chinese Goods, Sources Say
The Trump administration will announce as early as Sept. 17 that it is imposing a 10% tariff on $200 billion of Chinese goods, which Beijing already has said it will retaliate against, according to three people familiar with the decision.