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.
VTNA Names Peter Voorhoeve President
Volvo Trucks North America appointed Peter Voorhoeve, currently CEO of Volvo Group Australia, as its president, effective Sept. 1.
BYD Trucks Receive Transport Canada Import Approval
BYD Canada, a unit of BYD Motors Inc., reported its zero-emissions, battery-electric trucks officially are available to import into Canada for sale and operation.
June 26, 2018PepsiCo Agrees to Pay $5 Million to Settle California Drivers’ Work Break Lawsuit
PepsiCo Inc. and related companies agreed to pay $5 million to settle claims that drivers didn’t receive breaks required by California law.
Chamber Of Commerce, ATA Push Back on Trump’s Tariffs
American Trucking Associations, the U.S. Chamber of Commerce and the Alliance of Automobile Manufacturers are among nearly five dozen transportation and business groups supporting a U.S. Senate bill that would require Congress to authorize the president’s tariffs based on national security concerns.
Americold Abandons Plan to Build Warehouse on Maine Waterfront
International cold-storage company Americold has abandoned a plan to build a massive refrigerated warehouse on the Portland, Maine, waterfront.
Teamsters Retirees Told Pensions Hinge on Government Intervention
This is it: the last, best chance to save your pension payments, Teamsters and Central State Pension Fund leaders told a crowd of retirees June 23 at the Independence Event Center in Independence, Mo.
Transportation Partners Expands Wind Farm Capabilities
Transportation Partners & Logistics purchased two new cranes that it will use to transport oversized and overweight cargo.
June 26, 2018VW Mobility Chief Ole Harms Says Self-Driving Cars Core to Plan
Volkswagen AG’s fledgling Moia mobility unit is betting on the rise of self-driving cars to deliver on its plan to catch up with ride-hailing leaders such as Uber Technologies Inc. without burning through piles of cash.
Eaton to Invest $500 Million in New eMobility Business
Power management company Eaton Corp. announced plans to invest $500 million over the next five years in its new eMobility business to develop smart diagnostic technologies, intelligent power electronics and predictive monitoring for a range of electrified vehicles.
Rand McNally’s New Motor Carriers’ Road Atlas Released
Mapping company Rand McNally published the 2019 Motor Carriers’ Road Atlas with updates and enhancements on truck-specific routes, weigh station locations, toll systems and more.
June 26, 2018