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.

Business, Safety

NTDC Canceled Because of Coronavirus Concerns

American Trucking Associations’ National Truck Driving Championships and National Step Van Driving Championships have been canceled due to coronavirus-related concerns. But states remain free to make independent decisions about their own events.

Eleanor Lamb | Staff Reporter
April 7, 2020
Government, Business, Safety, TCA

UPS Manages Airlift of Health Care Supplies for FEMA

UPS launched a two-week operation to run 25 cargo flights carrying masks, gloves, surgical gowns and other equipment for the health care industry under the federal government’s Project Airbridge.

Kelly Yamanouchi | The Atlanta Journal-Constitution
April 7, 2020
Business, Equipment

March Class 8 Orders Drop to Recessionary Levels

Orders for North American Class 8 vehicles in March fell below 8,000, ACT Research reported, as already weak freight demand collided with the spreading coronavirus.

Roger Gilroy | Senior Reporter
April 7, 2020
Government, Business, Logistics, Top 50, Top 100

FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months

FedEx Corp. said Chairman and CEO Fred Smith is taking a salary cut, effective April 1, from $115,402 per month to $10,728 per month through Sept. 30.

Dan Ronan | Senior Reporter
April 7, 2020
Government, Business, Logistics

Ship Crews Stuck in Lockdown Strain Global Supply Chains

Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic.

April 7, 2020
Government, Business, Safety

Stakeholders Tell Congress, Governors: CDLs, Permits Need to Be Processed

To avert a potential truck driver shortage during the coronavirus emergency, a coalition of large businesses and trade groups has urged Congress and the nation’s governors to implement procedures that would allow new drivers to more quickly obtain commercial learner permits and commercial driver licenses.

Eric Miller | Senior Reporter
April 7, 2020
Government, Business, Safety

GAO’s Recommendations on NTSB’s ‘Most Wanted List’ Prompt Action

The head of the National Transportation Safety Board agreed more transparency would improve the public’s understanding of a high-profile report after a federal watchdog recommended better access to its methodology.

Eugene Mulero | Senior Reporter
April 7, 2020
Government, Business, Safety

Congress, White House Reach High for Next Virus Bill

Congressional leaders are jolting ahead with another coronavirus rescue package as President Donald Trump indicated that Americans will need more aid during the stark pandemic and economic shutdown.

Lisa Mascaro | Associated Press
April 7, 2020
Government, Business

Low-Cost Airlines Seeking Aid Get Break on Minimum-Flight Rule

The federal government ordered airlines accepting financial aid to maintain minimal service levels to cities they served before the COVID-19 pandemic ravaged the transportation system, but made adjustments for low-cost carriers and those that fly to some destinations only part of the year.

April 7, 2020
Government, Business, TCA

Tesla’s Ventilator Production in New York Has Yet to Begin

Elon Musk promised nearly two weeks ago that the Tesla factory in Buffalo, N.Y., would reopen for ventilator production to help with the coronavirus pandemic. But it still hasn’t happened yet.

Geoff Herbert | Syracuse (N.Y.) Media Group
April 7, 2020