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.
US Senate Advances Spending Bill to Avert Oct. 1 Shutdown
The Senate on Sept. 29 voted 82-6 to clear a procedural vote on the stopgap spending bill needed to prevent an Oct. 1 shutdown of the federal government.
Coronavirus Accelerates Logistics Sector Innovations
The DHL Logistics Trend Radar report looked at trends that could reshape logistics in the future, and are particularly focused on technology.
Nikola Postpones Forum Where Electric Pickup Was to Debut
Nikola Corp. is rescheduling its in-person Nikola World conference, where it was planning to show its electric pickup truck, as the company regroups in the wake of a stock sell-off and the departure of its chairman.
CVG Updates Progress on Key Initiatives, Markets
Diversified supplier Commercial Vehicle Group Inc. reported it is making progress on key objectives as it moves beyond earlier earnings “misstatements."
Mnuchin Sees One More Chance for Stimulus as House Readies Vote
Treasury Secretary Steven Mnuchin said he sees one more chance at securing a deal with Democrats on another fiscal stimulus package, while stopping short of embracing a bigger proposal than President Donald Trump already has signaled.
749,000 Jobs Were Added in September, ADP Report Shows
U.S. companies added 749,000 jobs in September, a private report showed, indicating the labor market’s gradual rebound is continuing as demand rises from the depths of the coronavirus pandemic.
Los Angeles Continues to Study Congestion Pricing’s Potential
The Los Angeles County Metropolitan Transportation Authority is proceeding with outreach efforts as it explores the potential of a congestion pricing pilot program for the region.
Labor Department Seeks to Clarify Independent Contractor Status
The U.S. Department of Labor has issued a proposal to revise interpretation of independent contractor status under the Fair Labor Standards Act to “promote certainty for stakeholders, reduce litigation and encourage innovation in the economy.”
Radiant Posts Gain, Hits Record Revenue in Fiscal Q4
Radiant Logistics Inc. posted slightly higher net income as well as record revenue for the fiscal fourth quarter ended June 30.
Western Star Introduces 49X Heavy-Duty Vocational Model
Daimler Trucks North America announced its new Western Star 49X model designed to increase the brand’s share in the heavy-duty vocational market.