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.
Infrastructure Stakeholders Press Congress for Highway Law Extension
Groups representing nearly every aspect of the country’s infrastructure networks recently called on congressional leaders to approve a yearlong extension of a soon-to-expire highway law.
VW’s Traton Boosts Bid for Navistar to $3.6 Billion
Navistar International Corp. confirmed that Volkswagen AG’s heavy-truck business boosted its bid to buy the rest of the U.S. manufacturer for $3.6 billion.
PennDOT Accepting Applications for Multimodal Transportation Fund
The Pennsylvania Department of Transportation is accepting applications from those seeking to finance projects through the Multimodal Transportation Fund.
Job Losses Persist as Claims Come in Higher Than Forecast
Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus.
Mitch McConnell’s Criticized Pandemic Relief Bill Fails to Secure Senate Vote
A new economic relief proposal by Senate Majority Leader Mitch McConnell fell short of passage in the chamber by a vote of 52-47.
Blue States Sue to Stop Trump’s Arctic Refuge Drilling Plan
A group of 15 Democrat-led states sued to block the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, alleging the plan fails to account for the danger to wildlife and climate-change impacts.
Navistar Reports Drop in Fiscal Q3 Earnings
A near 50% decline in truck sales, caused by the impact of COVID-19 on the economy, resulted in Lisle, Ill.-based Navistar International Corp. reporting sharp losses in its fiscal third quarter.
Oil Market Buckles Under Pressure of Pandemic’s Second Wave
Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.
September 9, 2020FedEx Prepares for Unprecedented Surge Ahead of Holidays
FedEx Corp. is positioning itself for what it is predicting will be an unprecedented peak holiday shipping season, the company said Sept. 8.
FHWA Announces Availability of Tribal Projects Grants
The Federal Highway Administration announced the availability of $70 million through the Nationally Significant Federal Lands and Tribal Projects grant program Sept. 8.