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.
Transportation Labor Gets Biden Administration Attention
Transportation leaders from government and industry are closely watching labor negotiations, including pending contracts with workers from both UPS Inc. and Yellow Corp.
April Trailer Orders Down 49% Year-Over-Year
U.S. trailer orders dropped by nearly half from the year-ago total to an estimated 10,000 units in April, ACT Research reported.
Alabama Starts Its First Renewable Biodiesel Production
Alabama has taken steps toward building the state’s first renewable diesel production facility in Mobile using soybean oil from state farmers to make low-carbon fuel.
Michigan Town Rests Economic Hopes on Ford Battery Plant
Advocates for Ford’s $3.5 billion electric vehicle lithium-ion battery plant in Marshall, Mich., say the 2,500 jobs it promises are much needed for the city of less than 7,000.
C.H. Robinson Is Laying Off 300 More Employees
Logistics company C.H. Robinson is cutting another 300 employees, the second round of layoffs in seven months.
Elon Musk Says Tesla Will Try Advertising
Tesla Inc. CEO Elon Musk said the electric carmaker will dabble in advertisements, a major shift for the company that has largely avoided traditional marketing.
Target Stands By Its Annual Outlook
Target Corp. stood by its annual outlook after posting higher-than-expected profit in the first quarter, even as “softening sales trends” threaten to crimp short-term results.
April Medium-Duty Sales See 16.2% Rebound
U.S. retail sales for medium-duty trucks grew 16.2% in April compared with the year-ago period, according to data from Wards Intelligence.
Upcoming NOx Regulations Present Challenges for OEMs
Fleets and Class 8 truck manufacturers are running into many challenges preparing for the updated NOx regulations from the Environmental Protection Agency, coming into effect in 2027.
Online CDL Renewal Coming to Idaho in July
Truckers in Idaho will be able to renew their commercial driver licenses online starting in July as a new law to reduce bureaucratic red tape takes effect.