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.
How 3PLs Are Evolving to Stay Competitive
Although demand for logistics services likely will increase in the decade ahead, freight brokers and 3PLs will need to adapt and evolve to remain relevant in this rapidly changing industry. Part of our 2020 Top 50 Logistics Companies rankings package.
Detroit Auto Show Canceled
The North American International Auto Show said that it will cancel its Detroit show because of the coronavirus pandemic and the center where it is held will likely be repurposed into a hospital.
March 29, 2020Roadrunner Reports Net Loss in Fourth Quarter
Roadrunner Transportation Systems Inc. reported a net loss in the fourth quarter and sharply lower revenue amid challenging market conditions.
Port of L.A. Operating at 80% Because of Coronavirus
Officials at the Port of Los Angeles, the nation’s largest, said the facility is operating at about 80% as factories in China slowly come back online, and the U.S. economy struggles amid the coronavirus pandemic.
Biofuel Plants Are Shutting Down and Some May Never Come Back
The coronavirus and cheap oil are hitting the fuel business so hard that ethanol plants are shutting down. Some may never come back.
March 28, 2020Trump Invokes Production Law, Ordering GM to Build Ventilators
President Donald Trump on March 27 ordered General Motors Co. to make ventilators for coronavirus patients, invoking a federal law that gives him vast powers over industry in crises and acting as the company is within weeks of starting production on the equipment.
March 27, 2020Truckers Who Visited New York City Don’t Have to Self-Quarantine
The Centers for Disease Control and Prevention have issued guidance specifically for transportation and delivery workers operating in New York City.
Trump Signs $2.2 Trillion Stimulus After Swift Congressional Votes
WASHINGTON — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law March 27, after swift and near-unanimous action by Congress that will support businesses, rush resources to overburdened health care providers and help struggling families during the deepening coronavirus epidemic.
March 27, 2020Mack Explores Social Distancing on Production Line
Mack Trucks told Transport Topics it is exploring new ways of working and possible approaches to production that would allow for increased social distancing when its Lehigh Valley truck assembly plant in Pennsylvania reopens.
March 27, 2020Lyft Suggests Drivers Work for Amazon After Ridership Plummets
Amazon.com Inc. is teaming up with Lyft Inc. on recruiting the ride-hailing company’s drivers to deliver packages and groceries as the pandemic keeps people indoors.