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.
Hyundai Readies Fuel Cell Truck for US Market
Hyundai Motor Co. said it would expand its fuel cell truck sales efforts to the U.S. and China and significantly increase production over the coming year.
Trucker Pay Increasing as Driver Shortage Grows, Industry Capacity Tightens
As capacity tightens in the trucking industry, some carriers are beginning to announce pay hikes, and some industry watchers would not be surprised to see more hikes.
Sustainable Supply Chains Grow More Important
A growing number of corporations have sustainability goals, according to a new study by Coyote Logistics, and are looking for the supply chain to amplify those efforts.
Oil Drops With Rising US Supplies Adding to Stimulus Concern
Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.
Pelosi, Mnuchin Talk Airline Aid After Trump Nixes Big Stimulus
Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on the morning of Oct. 7 after President Donald Trump pulled his negotiators from broader stimulus talks.
Hurricane Delta Makes Landfall in Mexico
Hurricane Delta made landfall Oct. 7 just south of the Mexican resort of Cancun as an extremely dangerous Category 2 storm, downing trees and knocking out power along the northeastern coast of Yucatan Peninsula, but without immediate reports of deaths or injuries.
Hydrogen Double-Decker Buses Arrive in Europe’s Top Oil City
The world’s first double-decker hydrogen buses arrived in Aberdeen, Scotland, on Oct. 7, a city best known as a base for some of the world’s top oil companies.
US Trade Deficit Widened in August to Largest Since 2006
The U.S. trade deficit widened in August to the largest since 2006 as the nation imported a record amount of consumer goods amid a pickup in demand ahead of the holiday shopping season.
Trump Tells Team to Stop Stimulus Talks, Halting Months of Negotiations
President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery.
October 6, 2020Trump Touts Aid for Airlines, Small Businesses
Economic aid for a federal loan program for small businesses and for the airline industry, including cargo carriers, garnered the support of President Donald Trump.