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.
Uber Freight Expands Enterprise Shipping Offerings
Uber Freight launched two new software solutions aimed at expanding its enterprise shipper offerings, the company announced Sept. 8.
Boeing Finds New 787 Flaw, Slows Deliveries for Inspection
Boeing Co. has slowed deliveries of its 787 Dreamliner as crews check for a new manufacturing flaw involving gaps in the horizontal stabilizer, the small wing in the aircraft tail.
McConnell Plans Vote on Relief Plan That Pelosi Calls ‘Fraudulent’
Congressional leaders hardened their battle lines on additional fiscal stimulus on Sept. 8, with House Speaker Nancy Pelosi labeling Republican Senate Majority Leader Mitch McConnell’s proposal for a slimmed-down package “fraudulent.”
September 8, 2020HHS Issues Proposed Hair Testing Guidelines
The Department of Health and Human Services on Sept. 8 announced its long-delayed proposed mandatory guidelines to allow employers to drug test truck drivers and other federal workers for pre-employment and random testing using hair specimens.
House to Investigate DeJoy’s Possible Campaign Law Violations
House Democrats said Sept. 8 they will investigate whether Postmaster General Louis DeJoy encouraged employees at his former business to contribute to Republican candidates and then reimbursed them in the guise of bonuses, a violation of campaign finance laws.
September 8, 2020Tesla Shares Plunge After GM’s Nikola Stake, S&P Omission
Tesla Inc. shares slid on Sept. 8 after the electric-vehicle maker missed out on being included in the S&P 500 Index, taking investors who had bet on its entry to the benchmark by surprise.
Peterbilt Offers Lease Deal on New 220EV
Peterbilt Motors Co. announced an introductory lease offer on its Model 220EV through PacLease. The zero-emission cabover truck is intended for the Class 6 and Class 7 segments.
September 8, 2020Nikola, GM Strike Deal for Pickup Trucks, Batteries
General Motors Co. and Nikola Corp. on Sept. 8 announced a strategic partnership under which GM will build Nikola’s Badger pickup truck and also serve as a key supplier of fuel cell-electric technology for Nikola’s Class 7 and Class 8 trucks.
Trump Open to Inquiry Into DeJoy and Campaign Contributions
President Donald Trump says he’s open to an investigation of Postmaster General Louis DeJoy following published reports that former employees of DeJoy, a major donor to Trump and other Republicans, said they felt pressured to make campaign contributions to GOP candidates.
COVID-19 Pushes Industry to Implement New Accounting, Bookkeeping Methods
COVID-19 has created challenges throughout the trucking industry, but it also has created opportunities, especially when it comes to fleets’ accounting processes.