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, TCA

Some Fiat Chrysler Workers Walk Out Over COVID-19 Fears

Seventeen Fiat Chrysler Automobiles NV employees in the Warren Truck Assembly Plant’s paint shop stopped working over concerns about the novel coronavirus pandemic, though production continues, the automaker confirmed March 16.

Breana Noble | The Detroit News
March 16, 2020
Government, Business, Safety, Logistics

Coronavirus Prompts Some State Groups to Postpone Truck Driving Championships

As they evaluate the implications of the coronavirus, some state trucking associations have adjusted the schedules of their truck driving championships.

Eleanor Lamb | Staff Reporter
March 16, 2020
Government, Business

House Republicans Explore Aid for Airports, Loans to Airlines

House Republicans say they are exploring a range of proposals — from loans to grants for cleaning airports — to help the aviation industry staggering under the weight of the coronavirus outbreak.

Alan Levin | Bloomberg News
March 16, 2020
Government, Business, TCA

Alaska’s First COVID-19 Patient Is a Cargo Plane Pilot

A cargo pilot who arrived at Anchorage’s international airport on March 11 went to a hotel before he became ill, an airport official said March 13.

Morgan Krakow | Alaska Dispatch News
March 16, 2020
Business, Fuel

Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout

Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual oil demand in history.

Alex Longley | Bloomberg News
March 16, 2020
Business, Technology

Amazon Glitch Stymies Whole Foods, Grocery Deliveries

Amazon .com Inc. suffered a technical glitch March 15 that affected online grocery orders through its Whole Foods and Amazon Fresh delivery services, which have become lifelines for household essentials for people looking to avoid stores due to the coronavirus outbreak.

Spencer Soper and Ed Ludlow | Bloomberg News
March 16, 2020
Business, Safety

VW Faces Production Snarls as Virus Pandemic Hits Car Factories

Volkswagen AG’s sprawling operations in Europe are starting to feel the effects of the coronavirus pandemic, as the German carmaker joined peers such as Fiat Chrysler Automobiles NV in winding down output at some of its factories.

Christoph Rauwald | Bloomberg News
March 16, 2020
Government, Business, Logistics

Amazon Warns of Delivery Delays as Coronavirus Elevates Demand

Online retail giant Amazon.com Inc. is warning its customers may see some delivery delays, and some items could be out of stock as the impact from the coronavirus spreads across the country. The company says the increase in people buying things online is having an effect on how it serves its customers.

Dan Ronan | Senior Reporter
March 16, 2020
Government, Business

Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero

U.S. stock futures tumbled, wiping out half of the furious last-hour rally March 13 and tripping exchange trading curbs, as investors worried that emergency measures by the Federal Reserve will fall short of cushioning the coronavirus’ blows to the economy.

March 15, 2020
Government, Business

Economists Eye Possible Recession Caused by Coronavirus

Economists and other experts who watch the U.S. economy on a minute-by-minute basis are now suggesting, some loudly, that the nation is lurching towards a recession, as the coronavirus damages the economy.

Dan Ronan | Senior Reporter
March 15, 2020