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.
McLeod, Vector Partner to Expedite Fleet, Billing Operations
Vector and McLeod Software have formed a partnership to accelerate fleet and billing operations for truck drivers and back office teams.
June 5, 2020US Unemployment Drops Unexpectedly to 13.3%
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers faster than economists had predicted.
GM to Build All-Electric Work Van; Production Set for Late 2021
General Motors Co. will build another all-electric vehicle at its Detroit-Hamtramck plant as it sticks to its goal for an all-electric future.
Werner Enterprises Founder Retires From Role as Executive Chairman
Werner Enterprises founder Clarence L. Werner has stepped down from his role as executive chairman, the company announced June 2.
June 4, 2020Port Slowdown Affects Workers Who Rely on Cargo, Leaders Say
Port leaders are raising caution the decline in business at their facilities could affect those whose employment relies on the flow of goods.
Navistar Q2 Results Tumble in Pandemic
Navistar International Corp. posted a narrower fiscal second-quarter net loss and about a $1 billion drop in revenue as key business segments and its supply chain were disrupted by the novel coronavirus pandemic.
Study: Autonomous Vehicles Won’t Make Roads Completely Safe
A new study says that while autonomous vehicle technology has great promise to reduce crashes, it may not be able to prevent all mishaps caused by human error.
Trucking-Related Companies Find It Difficult to Identify 'Conflict Minerals' in Supply Chains
It has been more than six years since America’s public companies began searching for African “conflict minerals” throughout their supply chains, and it remains difficult for trucking-related companies to know if some of their products are being made using tantalum, tin, tungsten or gold, or “3TG,” mined and refined in Congo and nine of its neighbor countries.
Cristobal Expected to Regain Strength After Storm’s Pass Over Mexico
The hills of the Yucatan Peninsula sapped Tropical Storm Cristobal of some of its power on June 4, but forecasters warn it will likely gain strength as it heads north across the Gulf of Mexico to the U.S coast, where it could bring downpours, high winds and rough surf.
Transplace Acquires Parcel TMS Provider ScanData
Transplace acquired parcel transportation management solutions provider ScanData Systems.