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.
Trump Declares National Emergency to Speed Virus Response
WASHINGTON — President Donald Trump on March 13 declared the coronavirus pandemic a national emergency, as Washington struggles with providing Americans with relief and officials race to slow the spread of the outbreak.
March 13, 2020Fleets Can Support Drivers’ Mental Health Through Awareness, Communication
Truck drivers sometimes bear the image of being “tough” and impervious to emotional stresses, a perception that doesn’t always lend itself to open discussions about mental health. But truckers and their employers are working to change that image.
Texas Shale Heartland Rattled by Coronavirus, Oil Price War
Just a week ago, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world’s largest shale oil patch seemed oddly calm, almost relieved.
March 13, 2020Caterpillar Posts Worst Machine Sales Since 2016
In a further indication of the stress rippling through the construction and mining sectors, Caterpillar Inc. reported its biggest decline in global machine sales since the end of 2016.
Trucking Not Immune From Worries Over COVID-19
For fleets, COVID-19 portends worse news in a freight market that already was slowing, executives said, as businesses urge their staff to work from home and consumers withdraw from daily activities.
Stocks Sink in Worst Day Since 1987
U.S. stocks tumbled, with benchmark gauges posting their worst drop since 1987, as investors signaled the Federal Reserve’s extraordinary bond-buying measures, and President Donald Trump’s economic proposals, won’t be enough to counter the economic impact from the coronavirus.
March 12, 2020Coronavirus Concerns Force Cancellation of Mid-America Trucking Show
Due to concerns over the impact of the coronavirus pandemic, officials with the Mid-America Trucking Show announced on March 12 the show scheduled for March 26-28 in Louisville has been canceled.
Report Projects Volkswagen to Be First to Profit From Manufacturing Electric Vehicles
A new report picks Volkswagen as the first incumbent global carmaker to make money selling electric vehicles, with profits expected to arrive by 2022.
Fed to Buy a Range of Treasury Bonds to Try to Ease Jitters
WASHINGTON — The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak.
Improving Driver Safety with In-Cab Hazard-Based Warnings
Hundreds of thousands of commercial vehicles travel across the United States each and every day, operated by drivers who are focused on continuously changing road conditions and other driving tasks, all of which may cause them to miss critical road sign warnings about such hazards as steep grades, high rollover locations, and low bridges.
March 12, 2020