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.
Airlines Plunge After United Warns of ‘Essentially Zero’ Demand
U.S. airlines sank after United Airlines Holdings Inc. said travel demand was “essentially zero,” with no sign of improvement in the near term.
April 16, 2020Trump Praises Trucking Industry’s Pandemic Response at White House Event
President Donald Trump commended America’s truckers for their dedication while serving as essential workers on the front lines of the coronavirus pandemic during a presentation at the White House April 16.
Regional Planners Should Weigh Local, Logistical Needs, Experts Say
Regional planners should balance the interests of freight haulers and local residents as they consider transportation needs, according to experts.
Crunch Time Coming for World’s Supply Chains
COVID-19 is about to put the global trading system through its most dramatic stress test since World War II, with supply lines for essential food and medical goods entering a critical phase as the pandemic peaks in the U.S. and Europe.
Electric Vehicles Buoyed by Backlog — and Fresh Air
As COVID-19 crunches car sales globally, a backlog of orders has helped electric vehicles maintain momentum in much of the world — better than gas-powered cars and trucks.
FMCSA Medical Board to Discuss Driver Seizure Policy
A Federal Motor Carrier Safety Administration medical advisory board is planning to discuss possible changes to the agency’s strict requirement for truck drivers with a history of seizures to be granted special exemptions before getting behind the wheel.
Record 22 Million Have Sought US Jobless Aid Since Virus
The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week, the government reported April 16.
Virus Causing Disruptions at Europe’s Largest Port
The coronavirus is set to further damage trade in the coming months, threatening supply chains and causing oil inventories to swell, according to the head of Europe’s largest port, Rotterdam.
Paccar to Recall More Than 450,000 Trucks
Paccar Inc. on April 6 issued a recall notice covering hundreds of thousands of trucks over concerns a blown fuse could prevent dashboard illumination.
Oil Drops to 18-Year Low on Record Demand Collapse
Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies.