Transportation 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.
DoorDash to Be Added to Nasdaq 100; Zoom to Be Removed
DoorDash will be joining the Nasdaq 100 Index while Zoom Video Communications will be removed as part of the annual makeover of the tech-heavy benchmark.
December 11, 2023Occidental to Buy CrownRock for $10.8 Billion
Occidental Petroleum agreed to buy Texas shale driller CrownRock in a cash-and-stock deal valued at $10.8 billion as consolidation heats up in North America鈥檚 most-prolific oil basin.
December 11, 2023Jacobs Names New Company QXO, Dealing in Building Materials
Brad Jacobs,聽the executive chairman of less-than-truckload carrier XPO Inc.,聽announced on Dec. 11 he plans to target the building products industry in his latest business venture.
December 11, 2023DHL Express Workers Strike at Cincinnati Air Cargo Hub
More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport, a critical logistics hub for the package delivery company.
December 8, 2023Update: XPO Spends $870 Million for Yellow Properties
Less-than-truckload carrier鈥疿PO鈥疘nc.鈥痟as agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by鈥痀ellow鈥疌orp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier鈥檚 assets, court documents show.鈥
December 8, 2023Labor Market Solid With 199,000 Jobs Added in November
The nation鈥檚 employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive 鈥渟oft landing.鈥
December 8, 2023Dark Horse Bidder Makes Second Offer for Yellow Assets
Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow鈥檚 assets.
December 7, 2023Frank Lonegro Named CEO at Landstar, Succeeding Jim Gattoni
Landstar System has selected Frank Lonegro to replace James Gattoni as president and CEO early next year, the company announced Dec. 4.
December 7, 2023Omnitracs Sues Motive Technologies for Patent Infringement
Motive Technologies Inc. in a Dec. 6 legal filing attacked the legal standing of a technology patent infringement lawsuit filed against it by Omnitracs.
December 7, 2023Tesla鈥檚 Dojo Supercomputer Head Exits in Blow to Efforts
Tesla Inc.鈥檚 Dojo supercomputer project lead Ganesh Venkataramanan has left the company, according to people familiar with the matter, a setback to the automaker鈥檚 self-driving efforts.
December 7, 2023Trending
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