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.
Uber Reportedly in Talks to Buy Delivery Rival Postmates
Uber Technologies Inc. is in talks to purchase Postmates Inc., said a person familiar with the discussions, seeking to expand food delivery services in the U.S. and capitalize on a surge in orders during the coronavirus pandemic.
Diesel Price Creeps Up for Fourth Week in a Row
The national average retail price of diesel rose for the fourth consecutive week, half a cent to $2.43 a gallon, the Energy Information Administration reported June 29.
Boeing 737 Max Takes Off for Crucial FAA Test of Comeback Effort
A Boeing Co. 737 Max lifted off from a Seattle airfield with a U.S. Federal Aviation Administration pilot on board, the first of several flights to test whether the revamped jetliner is safe following two deadly crashes.
House Democrats Will Call for 100% Clean Cars by 2035
House Democrats on June 30 will issue an ambitious plan to combat climate change, a move intended to reassure their base of supporters but that’s sure to inflame opponents on the right.
June 29, 2020Second Virus Wave Threatens US Oil Demand Again
After months of empty roads, lockdowns were easing, and people were getting behind the wheel again. Then the virus struck again.
June 29, 2020Amazon to Pay One-Time Bonuses of $500 to Most Logistics Workers
Amazon.com Inc., after complaints about ending pandemic hazard pay, will give one-time bonuses of $500 to most frontline workers.
Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices
Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.
June 29, 2020Automakers Split in Legal Fight Over Trump’s Fuel Economy Rules
Four automakers backing a California effort to curb tailpipe emissions will break with some big rivals in the legal battle over the Trump administration’s relaxation of fuel efficiency standards.
Study: LTL Carriers Cover More Miles Between Breakdowns Than Truckload Fleets
Less-than-truckload carriers outpaced truckload fleets in terms of miles between roadside breakdowns, according to a recent study.
Stemco to Focus on Core Product Lines, Exits Others
Commercial vehicle supplier Stemco announced a series of changes to its product lines in an effort to refocus resources on its core products, which are its wheel-end and king pin product lines.
June 26, 2020