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.
US Jobless Claims Slow While Underscoring Persistent Weakness
As business reopenings picked up nationwide, Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing — though far from a halt — in job losses.
Class 8 Orders in May Begin New Cycle’s Slow Upturn
North American Class 8 orders in May fell below 7,000, ACT Research reported, an uptick from April’s historic low as industry analysts said progress will be slow as long as COVID-19 remains a major concern.
Nikola Goes Public; Class 8 Battery-Electric Vehicle Due in 2021
VectoIQ Acquisition Corp.’s stockholders on June 2 voted in favor of the previously announced business combination with Nikola Corp., a startup manufacturer of zero-emission heavy-duty trucks.
DAT Acquires Freight Intelligence Business From Chainalytics
DAT Solutions has reached a deal to acquire the Freight Market Intelligence Consortium, a subscription-based benchmarking and analysis service, DAT announced June 1.
Trump Administration Moves to Block Chinese Airlines From US
The Trump administration moved June 3 to block Chinese airlines from flying to the U.S. in an escalation of trade and travel tensions between the countries.
Number of Electric Commercial Vehicle Offerings Surge, Calstart Says
North America is experiencing a surge in zero-emission commercial vehicle offerings, according to research from Calstart, a clean transportation accelerator.
Cristobal Batters Mexico Before Heading North to Gulf Coast
Tropical Storm Cristobal brought heavy rain to southern Mexico June 3, and with a forecast that has it re-entering the Gulf of Mexico within a day, oil-platform workers are already being evacuated.
Schneider Leverages Carrier Network With FreightPower Launch
Schneider launched a new marketplace, Schneider FreightPower, to give shippers access to an expanded and flexible capacity network.
June 3, 2020COVID-19’s Impact on Travel, Safety Varies by Region, Traffic Experts Say
Statewide stay-at-home orders prompted by the coronavirus pandemic have resulted in various trends related to traffic volume and safety, according to transportation experts.
SUVs and Trucks Solidify Command of Recovering US Auto Market
Sport utility vehicles and trucks are dominating U.S. auto sales like never before as carmakers start to recover from the biggest shock to their industry in decades.