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.
Mississippi Transportation Commission Issues 18 Contract Awards
The Mississippi Transportation Commission has awarded contracts for 18 infrastructure projects.
FAA Puts Boeing Max on Path to Return to Service in October
U.S. aviation regulators announced an important milestone in returning Boeing Co.’s grounded 737 Max jet to service, an event one person familiar with the process said would happen no earlier than October.
Freightliner Updates Smart Source App
Truck manufacturer Freightliner has updated its Smart Source app with a new design, personalized notification options and enhanced product support, the company announced.
July 21, 2020Banyan Debuts LTL Freight Pricing App
Freight pricing data provider Banyan Technology has launched a real-time data connectivity platform called Insights that is designed to help less-than-truckload carriers balance and maximize capacity on their networks, and also provide measurable savings for shippers, the company said.
July 21, 2020Court Denies RIDOT’s Motion for Judgment in Truck Tolling Case
The U.S. District Court of Rhode Island has denied the Rhode Island Department of Transportation’s motion for judgment on pleadings related to the state’s hotly contested trucks-only tolling system.
House Lawmakers Push Suspension of 12% Tax on New Trucks, Trailers
A group of lawmakers is calling on House leaders to temporarily suspend an excise tax on new trucks as part of the next phase of COVID-19 stimulus assistance.
Palmer Trucks Announces Indianapolis Expansion
Palmer Trucks plans to develop new facilities and hire more workers as it further expands operations in the Indianapolis area, the company announced July 21.
July 21, 2020Paccar Posts Q2 Declines in Profit, Revenue
Paccar Inc. experienced deep declines in net income and revenue during the second quarter, a result of the economic recession caused by the COVID-19 pandemic.
EU Approves Biggest Green Stimulus in History
European governments approved the most ambitious climate change plan to date, agreeing to pour more than €500 billion euros ($559.5 billion) into everything from electric cars to renewable energy and agriculture.
June Tonnage Dips 1.3% Year-Over-Year
Truck tonnage in June declined 1.3% when compared with year-ago levels, but on a monthly basis surged 8.7% above May.