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.
Tesla Asked by N.Y. Assemblyman to Make Ventilators in State
A New York assemblyman has asked Elon Musk to make ventilators at Tesla Inc.’s state-subsidized solar factory, which may be unable to meet hiring goals because of a shutdown order.
$2.2 Trillion Stimulus Plan Aids Small Businesses, Families
The $2.2 trillion economic rescue plan advanced by Congress will target aspects of the supply chain and commercial transportation networks that are struggling after the coronavirus pandemic crippled much of the country’s economy.
Paccar Recalls 35,671 Peterbilt Trucks for Fire Risk
Peterbilt Motor Co. is recalling 35,671 trucks to repair an issue with battery cables on certain models, according to a March 18 notice from the National Highway Traffic Safety Administration.
GM’s Draw-Down Preserves Dividend, Signals Edge Over Ford
General Motors Co. joined Ford Motor Co. in tapping its credit lines to stock up on cash, but the bigger automaker is signaling superiority over its Detroit rival by leaving its dividend intact for now.
FMCSA Grants Limited Exemptions for Expired CDLs, Medical Cards
The Federal Motor Carrier Safety Administration on March 24 issued a formal notice that it will not take enforcement action for certain expired commercial driver licenses, learner permits and medical certifications through June 30.
Tonnage Up 2.6% in February
Truck tonnage in February rose 2.6% when compared with year-ago levels, according to American Trucking Associations.
Ford Helping GE Make Ventilators, 3M Manufacture Respirators
Ford Motor Co. is throwing its design and production prowess behind two other manufacturers’ efforts to build more ventilators and respirators for health care workers and first responders.
Paccar Suspends Worldwide Production
Paccar Inc. announced it will suspend truck and engine production at its factories worldwide from March 24 until April 6.
FAA Eyes Places to Park Planes
The Federal Aviation Administration wants to know how much room the St. Louis Regional Airport has to park planes.
Truckers Bolstered by Demand Surge, but Shakeout Looms
U.S. trucking companies are riding a surge in cargo demand from consumers stockpiling basic goods, but it may not last long.