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.
Focus on Driver Health Renewed Amid Outbreak
Companies are taking steps to ensure that truck drivers have access to adequate information and medical care to mitigate their risk of contracting the COVID-19 virus.
Showers of Praise Greet Busy Truckers
As truck drivers crisscross the country hauling goods vital to the fight against the coronavirus, they find themselves at the center of another fast-spreading outbreak: nationwide gratitude. It’s showing up along the roads, on TV, in emails and social media, and even at the White House.
Paccar, DTNA Curtail Production Into April
Paccar Inc. and Daimler Trucks North America, which together represent 70% of Class 8 U.S. retail sales, announced concerns over supply disruptions, weaker customer demand and economic uncertainty amid the coronavirus pandemic have led them to limit or suspend production into April.
Food Distributors Play Key Role in Coronavirus Crisis
Fleets that haul food and other essential products to keep grocery store shelves stocked are on the front line in the effort to combat the coronavirus pandemic.
Elon Musk Will Reopen Tesla’s Buffalo Factory for Ventilators
Elon Musk says the Tesla factory in Buffalo, N.Y., will reopen for ventilator production to help with the coronavirus pandemic.
Putting the Brakes on Rising Insurance Costs
Fleet owners and operators are faced with a convergence of business challenges that have forced some operations to close. Tight shipping rates, increased insurance premiums, and continued driver shortages are pressuring businesses to reconsider long held operational beliefs in order to stay profitable. In these challenging times, how do commercial fleets create a model of operational excellence that reduces risk and protects their profitability?
March 26, 2020Ford, Fiat Chrysler, Honda, Toyota Seek to Restart Factories
Ford, Fiat Chrysler, Honda and Toyota took steps March 26 to restart North American factories that have been closed to protect workers from the coronavirus.
ATRI, OOIDA Partner on COVID-19 Impact Study
The American Transportation Research Institute and the Owner-Operator Independent Drivers Association Foundation are partnering to conduct a study on COVID-19’s impact on trucking operations.
Projections Show World Could Run Out of Places to Store Oil
The world will run out of places to store oil in as little as three months, according to an industry consultant.
Risk Remains Low for Coronavirus Transmission on Packages
The CDC has stated on its website that at the moment, “there is no evidence to support transmission of COVID-19 associated with imported goods, and there have not been any cases of COVID-19 in the United States associated with imported goods,” so the concern for anything shipped from overseas is low thus far.