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.
Prestolite Electric Announces New Line of Alternators
Prestolite Electric, a global manufacturer and supplier of high-output alternators for original equipment manufacturers and the aftermarket, announced it will begin producing a new line of Leece-Neville IdlePro Extreme 24V 275-amp brushless alternators.
May 19, 2020Trump to Announce Rules for Broad $19 Billion Farm Bailout
President Donald Trump is set to unveil rules May 19 for a $19 billion coronavirus farm aid package covering a broad swath of American agriculture that producers can begin claiming by next week.
Walmart Sales Soar on Consumer Stockpiling, Online Shift
Walmart Inc. jumped May 19 after reporting coronavirus-related stockpiling led to a surge in quarterly sales, underscoring the company’s strong position amid widespread carnage in the U.S. retail sector.
April Tonnage Down 11.3% Year-Over-Year
April truck tonnage declined 11.3% compared with year-ago levels, the steepest year-over-year decline since 2009, American Trucking Associations reported.
ITI Launches Online Safety Training for Delivery Fleets
Instructional Technologies Inc. announced ClearDrive online training programs are available for delivery van, commercial sedan and work truck drivers.
May 19, 2020Reliance Partners Names Thom Albrecht Chief Financial Officer
Reliance Partners, an independent insurance agency serving the commercial vehicle industry, announced the addition of Thom Albrecht as chief financial officer.
May 19, 2020Americans Still Skeptical of Self-Driving Cars, Poll Shows
Nearly half of Americans say they would not get in a self-driving taxi, according to a poll commissioned by the advocacy group Partners for Automated Vehicle Education.
Diesel Prices Continue to Slide Even as Oil Inches Up
Comcar Industries Declares Bankruptcy
Comcar Industries announced May 17 it is filing for Chapter 11 bankruptcy protection and plans to sell its five operating companies as part of the legal process.
US Autoworkers Return, While Possible Vaccine Shows Promise
More than 130,000 autoworkers returned to factories across the U.S. for the first time in nearly two months May 18 in one of the biggest steps yet to restart American industry, while an experimental vaccine against the coronavirus yielded encouraging results in a small and extremely early test.
May 18, 2020