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.
GM to Double Down on China After Tesla Grabs EV Lead
General Motors Co. is accelerating its push into the fast-growing electric-car segment in China, the world’s largest market, seeking to challenge sales leader Tesla Inc. and a slew of local contenders.
August 19, 2020Postmaster General Halts Service Changes Until After Election
Postmaster General Louis DeJoy said he is suspending changes to mail service that raised concerns over slow delivery of ballots in the fall election after Democrats accused President Donald Trump of hampering the vote-by-mail process.
Amazon to Establish Tech Hubs in Six Cities, Including Detroit
Online retail giant Amazon.com Inc. said Aug. 18 it will put a tech hub in Detroit and five other U.S. cities. The move is expected to create 3,500 jobs in total.
Three More States to Announce Lawsuits Over USPS, Mail-In Voting
Three more Democratic-led states announced they will take legal action to protect the U.S. Postal Service and mail-in voting as the Trump administration faces claims it is trying to undermine the election.
July Trailer Orders Keep Rising From COVID Bottom
U.S. trailer orders climbed again in July, reaching 19,300, the most this year, FTR reported.
FMCSA Seeks Survey for Beyond Compliance Program
Federal trucking regulators are seeking White House approval to study the effectiveness of various technologies, programs and policies with a goal of allowing the agency to recognize and reward motor carriers that exceed regulatory safety requirements.
Infrastructure Stakeholders to Host Forum in September
Groups and institutions consistently urging policymakers to dedicate additional funds for freight and commuter corridors will host “United for Infrastructure,” scheduled for the week of Sept. 14.
Tonnage Declines 8.3% Year-Over-Year in July, ATA Index Shows
Truck tonnage in July declined a seasonally adjusted 8.3% when compared with year-ago levels, and on a monthly basis was down 5.1% from June, according to ATA.
Postmaster General Louis DeJoy to Appear Before Senate Over Mail Delays
Backlash mounting, President Donald Trump’s embattled Postmaster General Louis DeJoy will appear Aug. 21 before the Senate to testify on mail delivery delays and service changes that lawmakers and others are warning could imperil the November election.
Xos Trucks Secures $20 Million in New Funding Round
Fledgling electric vehicle developer Xos Trucks Inc. completed a new round of financing, raising $20 million from a group of investors.