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.
China to Speed US Farm Purchases After Secretive Hawaii Talks
China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week.
June 19, 2020US Slaps Sanctions on Mexican Companies Helping Venezuelan Oil
The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country.
May Trailer Orders Fall to Second-Worst Level Ever
U.S. trailer orders in May sank to the second-lowest level of all time as they struggled to clear 3,000 in another month of strong cancellations, ACT Research reported.
House Policymakers Consider Multiyear Highway Bill
The Transportation and Infrastructure Committee in the U.S. House continued to debate a five-year, $494 billion highway policy bill on June 18, a day after kicking off the measure’s consideration.
House Democrats Pitch $1.5 Trillion in Infrastructure Spending
House Democrats on June 18 pitched a $1.5 trillion plan to rebuild the nation’s infrastructure and urged President Donald Trump to immediately engage in negotiations on how to pay for it.
Werner CEO Looks Back at Founder’s Legacy
Werner Enterprises CEO Derek Leathers in an exclusive interview with Transport Topics discussed how the principles established by company founder Clarence L. Werner — who plans to step down as chairman of the board next year — remain the foundation of how the company operates.
DOT Unveils Newest INFRA Grant Recipients
The U.S. Department of Transportation has announced the recipients of $906 million in Infrastructure For Rebuilding America grants.
Ford Takes on Tesla With Hands-Free Driving for Electric Mustang
Ford Motor Co. plans to install a hands-free driving system on its electric Mustang Mach-E model coming later this year as it attempts to muscle in on the high-tech turf now dominated by Tesla Inc.
Tesla Homes In on Austin, Texas, for Cybertruck Site
Tesla Inc. is zeroing in on an area in southeast Austin, Texas, for the electric-car maker’s second U.S. auto factory as Elon Musk prepares to choose a site for its production base of a new pickup truck.
1.5 Million More Laid-Off Workers Seek Unemployment Benefits
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work.