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.
Consumer Spending Rises in August
While the trucking industry’s financial health continues to excel, the overall U.S. economy is trying to gain momentum.
NHTSA Officials Emphasize Partnerships, Data
Representatives of the National Highway Traffic Safety Administration’s regional offices stressed the importance of collaborating with traditional and non-traditional partners.
Gulf Coast Braces for Second Round of Flooding in Sally’s Wake
Homeowners and businesses along the soggy Gulf Coast began cleaning up Sept. 17 in the wake of Hurricane Sally, even as the region braced for a delayed, second round of flooding in the coming days from rivers and creeks swollen by the storm’s heavy rains.
September 17, 2020World’s Top Electric-Car Battery Business Moves Toward IPO
South Korean petrochemicals maker LG Chem Ltd. will split off its electric-vehicle battery business into a separate entity, seeking to carve out value as global EV demand increases.
Ford Builds Its Most Advanced Factory to Make Electric Pickup
Ford Motor Co., facing an onslaught of competition for its new battery-powered F-150 pickup, unveiled the high-tech factory that will produce the electric truck using self-driving transport sleds and robots collaborating with human workers.
August Trailer Orders Trumpet Better Days, Rise 150%
U.S. trailer orders in August topped 27,000 as they rose 150% year-over-year, ACT Research reported.
White House Supports More Airline Aid, Meadows Says
President Donald Trump would support narrow legislation to provide more financial aid to airlines, White House Chief of Staff Mark Meadows said after meeting with industry executives Sept. 17.
US Jobless Claims Resume Drop in Sign of Gradual Improvement
The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labor market.
Daimler Trucks Touts Global Plan for Vehicle Electrification
Daimler Trucks announced hydrogen fuel cell heavy-duty trucks with a range of 621 miles (1,000 kilometers) on a single tank will be a key element of its global electrification strategy aligned with the goals of the Paris Climate Protection Convention.
White House Telegraphs Willingness to Increase Stimulus Offer
The White House strongly signaled Sept. 16 that it is willing to increase its offer in talks with Democrats and that Senate Republicans should go along in order to seal a stimulus deal in the next week to 10 days.
September 16, 2020