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.
NRF Reports Record Thanksgiving Shopping Weekend
Thanksgiving weekend shoppers surpassed their record turnout from last year, marking a strong unofficial start to the holiday season, according to the National Retail Federation.
Congress Has NDAA on End-of-Year To-Do List
Finalizing a comprehensive Pentagon policy bill is among the legislative items on Congress’ radar before adjourning for the year.
Lineage Logistics Eyes Over $30 Billion Valuation in IPO
Lineage Logistics is targeting a valuation of more than $30 billion in an initial public offering, people familiar with the matter said, in what could be one of next year’s largest listings.
Winterization Process Requires Preparation, Training
From treacherous road conditions to freezing temperatures, even the most conscientious drivers need to exert caution on the roads during the winter.
Schneider’s Freightliner eCascadias Reach 1 Million-Mile Mark
Freightliner eCascadia battery-electric trucks operated by Schneider reached 1 million zero-emission miles carrying customer freight, the carrier said
Rolls-Royce Sours on Electric Planes, Needs Time for Hydrogen
Rolls-Royce Holdings backed away from electric aircraft and said conventional propulsion will remain the mainstay in coming years as hydrogen takes time to mature as an alternative.
Stuck Australian Gas Tanker May Spur Global LNG Price Rise
A loaded liquefied natural gas tanker is stuck at an export terminal in Australia and will disrupt some shipments, adding to supply concerns ahead of the Northern Hemisphere winter.
Cyber Monday Sales Hit Record $12.4 Billion on Nov. 27
U.S. shoppers spent $12.4 billion on Cyber Monday, a robust result demonstrating the continued resilience of consumers despite dwindling pandemic-era savings and high interest rates.
Diesel Price Drops 6.3¢ a Gallon to $4.146
The national average diesel price tumbled 6.3 cents in its fifth straight decline to hit $4.146 a gallon, according to Energy Information Administration data released Nov. 27.
Biden Convenes New Supply Chain Council
WASHINGTON — President Joe Biden on Nov. 27 opened the first meeting of his supply chain resilience council by saying his administration was working to lower costs for U.S. families.