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.
Strick Trailers Upgrades Lining System
Strick Trailers will enhance its VT100 plywood panel vans with vertically installed DymondPly lining composite panels made by Ridge Corp.
June 5, 2020TMC Survey Shows COVID-19 Impacts on Maintenance Operations
A survey conducted by American Trucking Associations’ Technology & Maintenance Council in March and April found that the COVID-19 pandemic had little impact on the readiness of the technician labor force for fleets and service providers.
TA to Add Franchise Sites
TravelCenters of America Inc. announced plans to open three new travel centers in as many weeks during June.
June 5, 2020Carriers, Truck Dealers Take Safety Precautions Amid COVID-19
As COVID-19 spread across the country and the number of cases began to spike, some trucking companies and truck dealers made significant operational changes in their maintenance shops to prevent exposure to the virus.
Trump Says He’ll Ask Congress for Additional Economic Stimulus
President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment June 5.
June 5, 2020China Behind on Purchases in Phase One of Trade Deal
President Donald Trump’s promise that his phase one trade deal with China would provide a $36.5 billion election-year bonanza for his rural base was always a stretch. Now it looks like it may never be fulfilled.
June 5, 2020Elon Musk Says Time to Break Up Amazon, Fueling Jeff Bezos Feud
Tesla Inc. CEO Elon Musk said it’s “time to break up Amazon” in a tweet June 4, escalating a rivalry with Amazon.com Inc. CEO Jeff Bezos, another billionaire investing in space exploration.
Daimler Marks Milestone as Sprinter Turns 25
Daimler AG celebrated a 25-year milestone for its Mercedes-Benz Sprinter model, which began production in 1995, and whose roots go back 40 years to the company’s initial array of small cargo vehicles in various shapes.
Senate Panel Seeks Input From Passenger Transportation Sector
Stakeholders representing the passenger transportation sector were asked by the Senate Commerce Committee to share concerns about the impact from the coronavirus pandemic.
Oil Rallies With Strong Jobs Data Adding to OPEC+ Cut Optimism
Oil headed for a sixth weekly gain after OPEC+ reached a tentative agreement to prolong its record production cuts and U.S. jobs data was better than expected.