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

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.

Gabriela Mello | Bloomberg News
November 9, 2020
Business, Technology, Equipment

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.

Roger Gilroy | Senior Reporter
November 9, 2020
Government, Business, Safety, Logistics

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.

Aaron Perryman | Associate Editor
November 9, 2020
Government, Business

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.

November 9, 2020
Government, Business, Safety

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.

November 9, 2020
Business

TA Net Income Soars to $8.6 Million in Q3

TravelCenters of America Inc. reported third quarter net income rose as revenue slipped.

Roger Gilroy | Senior Reporter
November 6, 2020
Business, Technology, Fuel

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, 2020
Government, Business, Technology, Equipment, Safety

Simulators 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.

Eleanor Lamb | Staff Reporter
November 6, 2020
Business, Top 100

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.

Connor D. Wolf | Staff Reporter
November 6, 2020
Business

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.

Mary Schlangenstein | Bloomberg News
November 6, 2020