Ryder System Inc. is working to advance its technology and forge new partnerships with the launch of its corporate venture capital fund, the company detailed Nov. 2.
November 4, 2020Trucking 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.
Ford’s October Sales Fall as F-150 Factory Retooling Takes Toll
Ford Motor Co.’s U.S. sales fell 6.1% in October, dragged down in part by a factory overhaul to produce the redesigned version of its top-selling F-150 pickup.
November 4, 2020Services Sector Expands for Fifth Straight Month
SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its fifth consecutive month of expansion in October.
November 4, 2020Fugitive Carlos Ghosn Aims to Settle Scores in Book
Executive-turned-international fugitive Carlos Ghosn is gunning for revenge in a new book published this week about the events surrounding his arrest in Tokyo two years ago, 130-day Japanese imprisonment and dramatic escape to Lebanon.
November 4, 2020US Companies Add Fewer Jobs Than Forecast, ADP Report Shows
U.S. companies added fewer jobs in October than forecast, a private report showed, indicating the absence of additional fiscal stimulus is prompting some firms to adjust payrolls as the pandemic continues to wear on the recovery.
November 4, 2020Uber, Lyft Spend Big, Win in California Vote About Drivers
LOS ANGELES — Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections.
November 4, 2020Trade Deficit Falls to $63.9 Billion in September
The U.S. trade deficit fell in September after hitting a 14-year high in August as exports outpaced imports.
November 4, 2020Eaton Exceeds Own Expectations as Net Income, Revenue Fall
Eaton Corp. reported lower net income and revenue in the third quarter, but called it a stronger than expected performance.
November 3, 2020OPEC President Says Saudis, Russia Push to Delay Supply Hike
Algeria, which this year holds the OPEC presidency, said that both Saudi Arabia and Russia were pressing fellow members to prolong the current oil-supply cuts into next year, rather than tapering them as planned. Algeria supported the proposal, the first country to publicly do so.
November 3, 2020Expeditors Posts Rise in Profit, Revenue for Q3
Expeditors International of Washington posted third-quarter gains in profit and revenue as the logistics company capitalized on a rebounding economy.
November 3, 2020