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.
Navistar Appoints Persio Lisboa as New CEO
Navistar International announced that Persio Lisboa will replace Troy Clarke as president and CEO, effective July 1.
Swift Transportation Deploys SmartDrive Across Fleet
SmartDrive is deploying its video-based safety program across Swift Transportation’s entire fleet, the company announced June 16.
June 25, 2020Dorsey Intermodal Announces New Line of Chassis
Dorsey Intermodal is launching a new line of chassis for marine and domestic use, the company announced June 22.
June 25, 2020Oil Rises on Russian Export Cuts, Offsets Virus Demand Jitters
Oil prices rose after Russia slashed exports of its flagship crude Urals to the lowest in at least 10 years, signaling the determination of Moscow to work with its partners at OPEC+ to eliminate an oil glut.
Economy Recovering, but Experts Fear Rise in Coronavirus Cases
Experts are warning that signs of improvement in the U.S. economy could give way to another round of contractions as coronavirus cases increase in certain states.
House Plans Consideration of $1.5 Trillion Infrastructure Bill
House Democrats plan to schedule a vote before July 4 on a comprehensive infrastructure measure that aims to modernize freight corridors, reduce traffic congestion and promote climate change resilience infrastructure.
Lordstown Motors Debuts Electric Truck as Market Heats Up
The company that bought the aging Lordstown, Ohio, auto factory from General Motors last year unveiled an electric pickup truck it plans to build at the plant, one of many new electric light-trucks manufacturers plan to start selling over the next two years.
House Panel Approves Amendment to Raise Minimum Liability Insurance for Carriers to $2 Million
A measure that would increase from $750,000 to $2 million the minimum liability insurance requirement for commercial motor vehicles was approved by a House panel and included in a recent highway funding bill.
Tesla Plans Battery Facility in California After Threat to Move
Tesla Inc. is planning to expand a battery-research facility in the San Francisco Bay Area.
US May Exports Sink to 11-Year Low as Imports Drop
U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains.