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.
Paccar Adds Hoods to Aftermarket Parts
Paccar Parts added TRP Hoods to its growing line of all-makes collision parts.
November 2, 2020Virginia Launches $3.8 Billion Hampton Roads Bridge-Tunnel Project
Virginia leaders recently gathered to break ground on expansion of the Hampton Roads Bridge-Tunnel, the largest infrastructure project in the state’s history.
USPS Ordered to Speed Swing-State Ballots in Time for Election Day
A federal judge ordered the U.S. Postal Service to make every effort to deliver mail-in ballots in three crucial swing states by Election Day due to uncertainty over whether votes that arrive after that will be counted.
FedEx Vows to Avoid Transport Bottlenecks When Vaccines Are Ready
FedEx Corp. is pledging to avoid transportation logjams when a massive operation begins to deliver a coronavirus vaccine.
Election Outcome Could Stir Up Electric Vehicle Industry
Both of the major-party presidential candidates have said they support electric vehicles, but a Joe Biden win could bring changes to significantly speed up the adoption of cars and trucks built by the likes of Tesla Inc. and Nikola Corp.
Top Electric-Car Battery Maker Wins Approval for Company Split
South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.
Universal Logistics Reports Higher Net Income of $13.6M for Q3
Universal Logistics Holdings Inc. reported higher third-quarter net income, lifted largely by the recovery in automotive production.
Oil Poised for Worst Month Since March With Growing Curbs
Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.
New House Bill Promotes Transportation Technologies
Legislation that aims to promote the adoption of new technologies throughout the country’s transportation networks was recently introduced in the U.S. House of Representatives.
Daseke Reports Net Income of $15.7M for Q3
Daseke Inc. reported that its third-quarter bottom line result rebounded to a profit from a loss a year ago.