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.
Fed Survey Finds Pessimism About Economic Future
The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus.
$3 Billion Planned for Next-Generation Hydrogen Power Plants
Three power plants planned in New York, Virginia and Ohio will test whether hydrogen can one day replace natural gas in electric generation.
United to Cut More Than 16,000 Jobs on Weak Travel Demand
United Airlines Holdings Inc. will eliminate 16,370 jobs next month as the carrier shrinks operations in response to the steep decline for air travel demand amid the COVID-19 pandemic.
DOT Launches Tracking Tool for AV TEST Initiative
U.S. Department of Transportation officials unveiled an online tracking tool for the agency’s Automated Vehicle Transparency and Engagement for Safe Testing (AV TEST) Initiative on Sept. 2.
Volvo Helps Expand Options for Electric Truck Charging
Volvo Trucks North America took a step toward the widespread usage of electric trucks by expanding charging options, the company announced Aug. 26.
Fleets Face Increasing Cybersecurity Threats, Experts Say
Trucking companies that are becoming more technological are at risk of increased vulnerability, but there are steps they can take to mitigate such threats.
Ford to Cut 1,400 US Salaried Jobs in Reorganization
Ford Motor Co. is cutting about 5% of its U.S. salaried workers as part of a sweeping reorganization, which could include layoffs, in a move to help the automaker reverse its declining fortunes.
Ike Reaches Autonomous Tech Deal With Ryder, DHL, NFI
Automated trucking technology company Ike Robotics Inc. has reached agreements with three major companies to put its technology into at least 1,000 trucks.
ETruck Transportation to Convert Used Freightliner Class 6 Trucks to Electric
ETruck Transportation announced a plan to take used, diesel-powered Class 6 Freightliner models and convert them to battery-electric power.
Demand for Rental, Lease Trailers at Historic Highs
The utilization rate of rental and lease trailers continues at historic highs amid industry consolidation and a shift to more rentals and away from long-term leases, according to an industry survey released in August.