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.
FCC Opens Wi-Fi Access to Aid Coronavirus Response
The Federal Communications Commission temporarily allowed broadband interests expanded access to the 5.9 GHz spectrum to battle the coronavirus pandemic.
Agriculture Secretary Says Meatpacking Plants Should Reopen Within 10 Days
U.S. Agriculture Secretary Sonny Perdue said he expects U.S. meatpacking plants to fully resume operations within a week to 10 days, during a meeting with President Donald Trump and Iowa Gov. Kim Reynolds.
Senate Committee Approves Water Infrastructure Measures
A bill that would authorize projects at ports and another one that would promote access to safe drinking water were easily approved by the Senate Environment and Public Works Committee on May 6
Oil Slides With Glut Concerns Eclipsing Demand Recovery
Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.
Earnings Calls Study Shows Companies More Worried Than in 2008
The once-in-a-century pandemic has unleashed financing fears all over Corporate America that far exceed the 2008 crisis, as executives prep for fresh economic and market pain.
Auto-State Lawmakers Mobilize Push to Help Revive Car Industry
A bipartisan group of House lawmakers from states with a large auto industry presence is mounting a push to aid the sector that has idled factories and seen car sales plummet due to the coronavirus.
IMF: World Needs Two-Decade, $20 Trillion Investment
The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green technology.
Uber to Reduce Workforce by 14%, Signals Further Cuts
Uber Technologies Inc. will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures to be announced in the next two weeks as a response to the coronavirus pandemic.
Volvo Says Virus Won’t Slow Its Rollout of Self-Driving Car Tech
Volvo Car AB is grappling with plant shutdowns and layoffs, but one thing it’s not doing amid the fallout from the coronavirus pandemic is pumping the brakes on autonomous driving development.
Continental Transitions to KeepTruckin for ELD Services
Tire, systems and components supplier Continental said it will transition customers to an alternate electronic logging device and fleet management solution.