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.
Diesel Average Nudges Up to $2.395 a Gallon for First Gain in Six Weeks
The national average price of diesel increased for the first time in six weeks, inching up eight-tenths of a cent to $2.395 a gallon, according to weekly data released by the Energy Information Administration on Oct. 13.
2020 MCE Photo Gallery
Photos from American Trucking Associations' 2020 Management Conference & Exhibition, held virtually Oct. 19-23 and 26-28, 2020, due to the coronavirus pandemic.
October 13, 2020Nearly 1,000 Boeing Plane Orders Are Lost or in Doubt
Boeing Co. is nearing 1,000 scrapped or impaired jetliner orders this year, failing to notch any sales in September, as the long 737 Max grounding and the coronavirus pandemic extended their toll.
September Medium-Duty Sales Flat
Classes 4-7 U.S. retail sales were flat in September compared with a year earlier, reaching 20,268, steadied by a 36.4% gain in the Classes 4-5 segment
Rep. Rodney Davis Introduces Highway Funding Measure
Legislation meant to provide federal financial relief for state transportation agencies was introduced this month in Congress.
Amazon’s Prime Day Steals Rivals’ Black Friday Spotlight
Amazon.com Inc.’s two-day Prime Day sale kicked off on Oct. 13 and is expected to give the world’s largest e-commerce company an early advantage over brick-and-mortar rivals still contending with pandemic-spooked consumers wary of battling Black Friday crowds.
October 13, 2020Trucking Industry Economy Outpaces US Economy as Capacity Tightens
Trucking is providing one of the few bright spots to the flagging U.S. economy as tight capacity and a driver shortage push contract and spot rates higher across vans, flatbeds and refrigerated trucks.
Trump, Republicans Divided on Stimulus as Pelosi Demands Revamp
Prospects for U.S. fiscal stimulus before Election Day dimmed on Oct. 13, with House Speaker Nancy Pelosi demanding the White House revamp its latest offer and Senate Republican leader Mitch McConnell pushing a smaller-scale strategy that Pelosi quickly rejected.
Maersk Raises Outlook as Shipping Giant Sees Demand Rebound
A.P. Moller-Maersk A/S raised its full-year guidance amid a surprise recovery in demand and sweeping efforts to cut costs.
September Class 8 Sales Highest for the Year
U.S. Class 8 retail sales in September climbed above 19,000 to the highest point of the year, but were down nearly 33% compared with year-ago levels.