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.
Tesla Inches Near Annual Goal With Record Sales in Quarter
Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales — making a difficult year-end sales goal slightly more attainable.
US Jobs Rise Less Than Forecast as Economic Rebound Downshifts
U.S. job gains slowed in September and many Americans quit looking for work, suggesting the economic recovery is downshifting as the country struggles without a COVID-19 vaccine or fresh government aid.
Shyft Group Acquires Aluminum Truck-Body Maker F3 MFG
The Shyft Group has acquired aluminum truck body and accessory manufacturer F3 MFG Inc., it was announced Oct. 1.
October 1, 2020Shipping Industry Hit With Second Cyberattack in Week
The global shipping industry sustained a second cyberattack within a week that’s raising concern about disruptions to supply chains already straining to move goods heading into the usual peak season for consumer demand.
Locomation, Wilson Logistics Partner to Deploy Autonomous Technology
Locomation announced it will equip a minimum of 1,120 trucks operated by Wilson Logistics so pairs can be deployed in what the technology company calls an autonomous relay convoy — describing it as the first fleet purchase order for autonomous technology.
NHTSA Data Shows Slight Increase in Large-Truck Occupant Fatalities
The number of large-truck occupants who died in traffic crashes rose slightly in 2019, while overall traffic fatalities declined, according to NHTSA.
FAST Act’s Yearlong Extension Signed Into Law
The law governing the country’s transportation operations was extended for a year after President Donald Trump’s recent signing of a temporary funding measure that averts a shutdown of the federal government.
Pelosi, Mnuchin Still Far Apart on Virus Stimulus Deal
U.S. House Speaker Nancy Pelosi told top Democrats Oct. 1 that she’s skeptical of getting a deal for a new economic stimulus in negotiations with Treasury Secretary Steven Mnuchin, according to two House Democratic officials.
Trucking Approaches Holiday Shipping Season ‘Unlike Any Seen Before’
An exceptionally busy holiday shipping season appears to be on the horizon, and with it comes concerns about capacity.
Jim Farley Becomes New Ford CEO, Pledges Stronger Profit Margins
On his first day in Ford’s top job, CEO Jim Farley is replacing the company’s chief financial officer and announcing other structural and management changes.