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.
ExxonMobil to Distribute Renewable Diesel
ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.
August 14, 2020Stoughton Marks Trailer Milestone With UPS
Stoughton Trailers announced it has built its 50,000th dry van trailer for UPS Inc.
August 14, 2020Portion of Anheuser-Busch Fleet to Use Renewable Natural Gas
Anheuser-Busch is transitioning more than 180 Class 8 trucks, representing 30% of its dedicated fleet, to renewable natural gas.
August 14, 2020US Industrial Production Up 3%; Factory Output Rises 3.4%
American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.
Port of Los Angeles Chief Says China to Miss Agriculture Target
The head of the U.S.’ busiest port said China is on track to buy less than one-third of the American agricultural products it promised to purchase in 2020, the first year of a trade pact between the world’s biggest economies.
Senate Passes Pipelines Policy Bill
The Senate this month passed a bipartisan bill that would reauthorize the agency overseeing pipeline safety across the country.
Valvoline Launches Second Iteration of Multifuel Engine Oil
Valvoline Inc. launched the second iteration of its heavy-duty engine oil first released in 2018 — Valvoline Premium Blue One Solution Gen2.
August 14, 2020Rebound in US Retail Sales Slowed in July Amid Virus Surge
The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery.
Demand for Freight Drives Up Spot Market Rates
Trucking has seen a turnaround bolstered by spot market rates and increased demand.
Uber, Lyft Denied Extended Delay of Driver Labor Ruling in California
Uber Technologies Inc. and Lyft Inc. failed to persuade a judge to put an extended hold on his order converting their California drivers to employees while they appeal.