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.
Palmer Trucks Adds Indiana Dealership
Palmer Trucks announced its dealership in Louisville, Ky., was scheduled to open a new Kenworth Truck Co. parts and service dealership in Sellersburg, Ind., with limited services May 18 and with tentative plans to offer full service beginning June 1.
May 15, 2020Daimler Halts SUV Production at US Plant Over Mexico Parts Delays
Daimler AG is suspending production at a Mercedes-Benz SUV plant that was one of the first in the U.S. to reopen due to a shortage of parts supplied from Mexico.
Autoworkers’ Tenuous Return a Ray of Hope in Jobs Crisis
Defying a wave of layoffs that has sent the U.S. job market into its worst catastrophe on record, at least one major industry is making a comeback: Tens of thousands of autoworkers are returning to factories that have been shuttered since mid-March due to fears of spreading the coronavirus.
Oil Trades Near Six-Week High on Supply Cuts, Demand Recovery
Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering.
US Economy Hits Record Lows in April Retail, Factory Data
U.S. retail sales and factory output registered the steepest declines on record in April, illustrating a recession so deep that it likely will take years to fully recover.
FMCSA Denies PTS Worldwide Request to Split Sleeper Berth Time
The Federal Motor Carrier Safety Administration has denied a five-year exemption request by Department of Defense highly sensitive cargo carrier PTS Worldwide to split sleeper berth hours into segments of 4/6, 5/5 or 6/4 hours.
Truck Stops Providing Essential Services to Truckers, Navigating the Downturn
Like truck drivers, truck stops are struggling during the coronavirus pandemic. But they are still open, working to ensure drivers have the essentials they need.
How Fleets Can Mitigate Impact of Coronavirus
Trucking companies have been uniquely impacted as the coronavirus reaches every corner of the economy. But being aware of critical information and taking proactive steps can help them.
GM’s Self-Driving Unit Cruise to Lay Off Almost 8% of Staff
Cruise, the self-driving car unit majority owned by General Motors Co., is laying off almost 8% of full-time employees to cut costs in the midst of the coronavirus pandemic.
May 14, 2020Wabash Reports Q1 Net Loss, Revenue Drop
Wabash National Corp. reported a first-quarter net loss and lower revenue.