Business

About Business News...

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.

Government, Business, Technology

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.

Roger Gilroy | Senior Reporter
May 7, 2020
Government, Business, Logistics

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.

Jordan Fabian | Bloomberg News
May 6, 2020
Government, Business, Safety

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

Eugene Mulero | Senior Reporter
May 6, 2020
Business, Fuel

Oil Slides With Glut Concerns Eclipsing Demand Recovery

Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.

Olivia Raimonde | Bloomberg News
May 6, 2020
Government, Business

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.

Justina Lee | Bloomberg News
May 6, 2020
Government, Business

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.

Ryan Beene | Bloomberg News
May 6, 2020
Government, Business, Technology, Fuel

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.

Eric Martin | Bloomberg News
May 6, 2020
Business, 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.

Lizette Chapman | Bloomberg News
May 6, 2020
Business, Technology, Autonomous

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.

Gabrielle Coppola | Bloomberg News
May 6, 2020
Business, Technology, Equipment

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.

Connor D. Wolf | Staff Reporter
May 6, 2020