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.
House Democrats Unveil Five-Year Highway Policy Bill
A multiyear bill with the aim of enhancing funding and safety for freight and commuter programs was unveiled by House Democrats on June 3.
‘Spotter’ in 2017 Staged Accidents in New Orleans Pleads Guilty
The sixth member of a New Orleans-area ring that has staged accidents with unsuspecting tractor-trailers has pleaded guilty for his role as a “spotter,” or untruthful witness.
Survey: 2.76 Million Layoffs in May, Far Fewer Than Expected
U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.
TMCSuperTech Canceled; Fall Meeting Will Be Virtual
The Technology & Maintenance Council of American Trucking Associations has canceled its competitions geared toward truck technicians that were scheduled for September.
American Farmers Can’t Wash Their Hands of All This Corn
American corn farmers are feeling better about their prospects with billions more in government aid and optimal growing conditions. There’s only one downer — demand.
Ex-Navistar CEO Daniel Ustian, SEC Reach $500,000 Settlement
The U.S. Securities and Exchange Commission’s yearslong civil court fight with Daniel Ustian has ended with the former Navistar International CEO agreeing to a $500,000 civil penalty and a permanent ban from serving as an officer or director of a public company.
OPEC+ Edges Closer to Compromise to Extend Deepest Ever Cuts
OPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market, even as wrangling continued for a third day about whether to bring forward their next meeting.
June 2, 2020Paccar Parts Opens Distribution Center in Las Vegas
Paccar Parts announced it opened a 250,000-square-foot parts distribution center in Las Vegas.
June 2, 2020Rise in Rail Shipments a Sign of Rebound in Canada
One of Canada’s railways is seeing signs the economy is slowly bouncing back from the coronavirus pandemic.
Senate Panel to Meet for Infrastructure Discussion June 4
Senators on the committee responsible for highway policy are scheduled to meet June 4 to review infrastructure concerns with the mayor of Louisville, Ky., and other stakeholders.