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.
Home Construction Jumps 17.3% in June
Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring’s massive slowdown in building activity due to the coronavirus outbreak.
Demand for Virtual Training Accelerates During Pandemic
The pandemic is accelerating the transition to virtual learning for truck technicians, and the industry might never turn back.
Medium-Duty Market Rebounding Amid Virus Concerns
The medium-duty truck market has partially rebounded from the first months of the COVID-19 pandemic, and what happens next, analysts say, depends on the virus itself.
VTNA Remains Aggressive on Future Despite Uncertainties
Volvo Trucks North America presented a business review, recapped two recently upgraded models and noted what it is doing at its customer center to stay connected amid social distancing and travel restrictions.
Senate GOP to Focus on Schools, Jobs in COVID-19 Stimulus
The Senate’s next round of stimulus funding related to the coronavirus pandemic is likely to assist with education and boost the workforce, the chamber’s leader indicated.
Oil Slips as Looming OPEC Supply Surge Adds to Demand Woes
Oil snapped its two-day rally amid a weaker demand outlook underscored by the OPEC+ alliance’s decision to taper production cuts and U.S. economic data signaling a slowing recovery in the labor market.
Study: Training Helps Younger Drivers Stay as Safe as Those Retiring
A study commissioned by FMCSA found "no safety-based reason not to use younger drivers" to help fill the void left by retiring older drivers.
Barr Says US Overly Reliant on Chinese Goods, Services
The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney General William Barr said July 16.
Convoy Unveils Service Targeting Owner-Operators, Small Fleets
Convoy introduced a dedicated freight service that aims to provide more work for owner-operators and small fleets.
Americans Take Up New Eating Habits, Forcing Farms to Raze Crops
Americans have rapidly changed the ways they buy, cook and eat food in just four months, leaving everyone from farmers to restaurants unable to match their pivot.