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 Do the Candidates’ Infrastructure Plans Compare?
Many of the candidates running for president in 2020 have offered visions for improving the nation's infrastructure. Our Candidate Infrastructure Tracker offers a comparison of their plans.
US Oil Output to Fall Next Year for First Time Since 2016
U.S. oil output will average 12.7 million barrels a day in 2021, down from an expected 13 million barrels this year, the Energy Information Administration said March 11.
Kenworth Announces New Twin Steer Configuration
Kenworth Truck Co., a unit of Paccar Inc., announced a new factory-installed twin steer configuration for its Kenworth T880 intended for crane, mixer and other vocational applications that require 86-inch axle spacing to meet local bridge laws and enhance overall load-carrying capacity.
March 11, 2020Oil Traders Are Big Winners in Saudi-Russia Price War
Saudi Arabia and Russia’s price war is handing over a multibillion-dollar profit opportunity to the world’s largest oil traders.
South Carolina DOT Ramps Up Infrastructure Work
The South Carolina Department of Transportation has increased funds dedicated to infrastructure construction projects, according to Transportation Secretary Christy Hall.
OPEC Sees No Oil Demand Growth in 2020 as Virus Batters Forecast
OPEC expects there will effectively be no growth in global oil demand this year, slashing its forecasts as the coronavirus hits the world economy.
Uber Resumes Testing Self-Driving Cars in San Francisco
Uber has resumed testing of robot cars in San Francisco, two years after one caused a fatal accident in Arizona.
Future Truck Trends on Display at Work Truck Show
INDIANAPOLIS — The momentum with which electrification for commercial trucks is evolving was a key topic at the Work Truck Show and accompanying Green Truck Summit here, with discussions focused on the technology’s potentially robust pulling power, the challenges of building out a charging network and the pace at which innovation and consolidation are constantly bringing change to this nascent market.
Consumer Prices Grew 0.1% in February as Food Costs Rose
WASHINGTON — U.S. consumer prices increased slightly last month, driven higher by more expensive food.
Tesla Scouts for Cybertruck Plant Location in Central US
Tesla Inc. will build its in-development Cybertruck at a new plant in the U.S., CEO Elon Musk tweeted, likely triggering a state-by-state competition similar to one he set off six years ago.