TOKYO — Embattled Japanese technology giant Toshiba plans to split into two companies, and intends to sell its joint venture stake in Toshiba Carrier Corp. to U.S.-based Carrier Group, for about 100 billion yen ($877 million).
February 7, 2022Trucking 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.
Amazon’s $191 Billion Jump Sets Record for Market Value Gain
Amazon.com Inc. shares surged 14% on Feb. 4, adding about $191 billion in market value, after investors cheered its fourth-quarter earnings report. The advance was the biggest single-day gain in U.S. stock market history.
February 4, 2022TrueNorth CEO Smith Hands President Title to Tillman
TrueNorth President and CEO Jason Smith has handed off the title of president to Trent Tillman, executive vice president of TrueNorth’s transportation division. Tillman will assume the role while retaining his current responsibilities.
February 4, 2022Illinois Trucking Association Launches Women’s Coalition
The Illinois Trucking Association launched a new coalition aimed at empowering women in the trucking industry.
February 4, 2022CFI Plans to Upgrade Tractors, Raise Pay
TFI International operating company CFI on Feb. 2 detailed plans to upgrade its fleet equipment and increase driver pay this year.
February 4, 2022House Passes Bill Promoting Semiconductor Development
The U.S. House of Representatives on Feb. 4 passed an expansive bill that would invest tens of billions in the U.S. tech sector, but Republican objections that it’s too weak on China threaten what Democrats hoped would be a quick election-year win.
February 4, 2022RLS Adds Two Cold Chain Companies to Network
RLS Logistics announced the recent acquisitions of two cold chain companies Feb. 2 in a move aimed at bolstering its network of solution providers.
February 4, 2022Toshiba to More Than Double Chip Output With New Plant
Toshiba Corp. will build a new wafer fabrication plant for power semiconductors that will more than double its production capacity by March 2025, the company announced Feb. 4.
February 4, 2022TuSimple to Haul Union Pacific Goods Between Tucson, Phoenix
Self-driving truck developer TuSimple says Union Pacific Railroad will be its first customer to move freight on the company’s fully automated trucking route between Tucson and Phoenix, after making a test run on a similar route in December.
February 4, 2022Employers Add 467,000 Jobs in January
WASHINGTON — U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron infections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.
February 4, 2022Trending
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