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.
World’s Biggest Lockdown Brings Trucks to a Standstill in India
The world’s biggest lockdown has brought transportation of goods in India to a near halt, even though the federal government has exempted the sector from restrictions to halt the spread of coronavirus.
Trucking Volume Linked to Future Spending Trends, Experts Say
Where and how consumers and businesses are spending money now, and how those habits might shift in the near future, will shape how the economy — and the trucking industry — will manage through the impact of the COVID-19 crisis, experts said.
Diesel Falls 3.8¢ to $2.548 a Gallon; Gas Is Below $2
The nationwide average retail price of diesel fuel declined by almost 4 cents per gallon on April 6, knocking trucking’s main fuel more than 50 cents lower than the same time a year ago.
Airbus Pauses Production in Alabama, Germany
Airbus SE is pausing production at two German sites and its factory in Alabama to adjust to a demand slowdown and supply issues related to the coronavirus pandemic.
Cummins Halts Production at Southern Indiana Plants
Cummins Inc. has temporarily closed until May 4 manufacturing facilities in southern Indiana as the company continues to adjust to the coronavirus pandemic.
Ravn, Alaska’s Biggest Regional Airline, Files for Bankruptcy
Ravn Air Group, whose airlines connect the far reaches of Alaska, filed for Chapter 11 bankruptcy after it ran out of cash to pay staff and keep its planes flying.
Amazon to Donate 8,200 Laptops to Seattle Students
Amazon .com Inc. is donating 8,200 laptops to families of elementary school students in Seattle Public Schools who don’t have access to a device needed for remote learning while schools are closed because of the COVID-19 pandemic, the company and school district announced April 6.
RoadSync Raises $5.7 Million in Series A Funding
RoadSync, a digital payment platform for the freight and transportation industry, raised $5.7 million in a Series A financing led by Base10 Partners.
April 6, 2020Port of Savannah Eliminates Saturday Truck Operations
The Port of Savannah, the second busiest on the East Coast, is closing operations on Saturdays to truck drivers, effective immediately, as business slows due to the coronavirus pandemic.
Insurers Return Money to Customers During Driving Slump
Auto insurers Allstate Corp. and American Family Insurance are returning some money to customers as widespread shutdowns across the U.S. from the coronavirus cut down on driving.