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.
Amazon Grows Delivery Network in Brazil’s Largest Logistics Push
Amazon .com Inc. is opening three new distribution centers in Brazil, marking its biggest logistics push in Latin America’s largest market as competition intensifies amid the coronavirus pandemic.
Traton, Navistar Agree to Definitive Merger
Fully embracing an alliance begun in 2017, the boards of directors at truck makers Traton SE and Navistar International Corp. approved a definitive agreement to merge, the companies announced Nov. 7.
Colorado Carrier Apex Transportation to Deliver Capitol Christmas Tree
Apex Transportation, founded in 1996 and based in Henderson, Colo., was chosen to haul this year’s U.S. Capitol Christmas tree from Colorado to Washington, D.C.
Stocks Surge to All-Time Highs on Vaccine Optimism
Stocks surged around the world and bonds tumbled after a large-scale coronavirus vaccine study delivered the most-promising results in the battle against the worst pandemic in a century.
Already Flooded, South Florida Feels Wrath of Eta
Torrential rain from Tropical Storm Eta caused dangerous flooding across Florida’s most densely populated urban areas on Nov. 9 after it made landfall in the Florida Keys.
TA Net Income Soars to $8.6 Million in Q3
TravelCenters of America Inc. reported third quarter net income rose as revenue slipped.
Bendix Expands Goals to Fight Climate Change
Bendix Commercial Vehicle Systems announced it is committing to cut its carbon dioxide emissions in half by 2030 and achieve carbon neutrality by 2021.
November 6, 2020Simulators Hold Potential for CDL Training, Testing, Experts Say
Simulators can serve as a resource for truck driver training and testing, especially during the coronavirus pandemic, according to experts assembled for a webinar hosted by the Transportation Research Board on Nov. 6.
Landstar VP, CFO Kevin Stout Transitions to Advisory Role
Landstar System Inc. announced that Kevin Stout ended his role as vice president and chief financial officer Nov. 2 and will become special adviser to company President Jim Gattoni.
Southwest Warns Workers of First Layoffs in Company History
Southwest Airlines Co. issued notices for what could be the first involuntary furloughs in its 49-year history, after a union declined to discuss concessions aimed at cutting payroll costs.