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.
Transportation Leaders Call for GAO Study on 5.9 GHz Spectrum
The leadership of the Transportation and Infrastructure Committee in the U.S. House of Representatives called on the U.S. Government Accountability Office to review the safety implications stemming from the possibility of sharing the 5.9 GHz spectrum band.
VW Poised to Sign Off on $3.7 Billion Navistar Deal
Volkswagen AG’s board is preparing to sign off on its heavy-truck unit Traton SE acquiring U.S. manufacturer Navistar International Corp., according to people familiar with the matter.
Mississippi DOT Cautions Drivers About Log Trucks
The Mississippi Department of Transportation has issued a notice reminding drivers to stay alert for log trucks, especially as people on the road adjust to the end of daylight saving time.
Labor Market Extends Gains, Jobless Rate Declines to 6.9%
The U.S. labor market strengthened in October, defying expectations for more subdued gains amid an intensifying pandemic and lack of additional fiscal relief.
USPS Says Thousands of Mail-In Ballots May Have Gone Missing
The U.S. Postal Service on Nov. 5 told a judge that a review of processing data revealed roughly 4,250 mail-in ballots in Pennsylvania and North Carolina may have gone missing.
New Orleans Attorney Indicted in Staged-Accident Scam
A previously unidentified New Orleans attorney alleged to be a co-conspirator in a sweeping federal investigation into staged accidents with tractor-trailers was named in a Nov. 5 federal indictment for his alleged role in the conspiracy.
XPO Posts Revenue Increase, Net Income Decrease in Q3
XPO Logistics Inc. saw revenue tick up and net income dip in the third quarter, and the company said business activity has bounced back from earlier downturns.
Wabash Reports Q3 Earnings Decline, Prepares for Increased Demand
Trailer and truck body manufacturer Wabash National Corp. reported lower net income and revenue in the third quarter, and saw gains in its consolidated gross margin.
GM to Invest $1 Billion to Resurrect Pickups in Ontario
Canada’s Motor City is about to come back to life after a near-death experience threatened to end more than a century of production.
Infrastructure Directive Unclear as Vote Counting Continues in Trump Versus Biden
A presidential contest still without a victor leaves unanswered questions about the direction of the country’s infrastructure agenda for the next four years, and probably beyond.