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.
March Class 8 Orders Stumble
North American Class 8 orders in March ended a short-lived recovery by dropping to 19,200 units, ACT Research reported.
Spot Rate Bottom Unclear Amid Capacity, Demand Mix
Excess capacity in the spot market amid weakening demand has raised uncertainty over whether rates have actually hit bottom.
FedEx to Merge Ground, Express Units
FedEx Corp. will combine nearly all of its ground, air and other operations by June 2024 as part of a $4 billion cost-cutting initiative, the company announced April 5.
Walmart Bets on Automation, Dangles Profit Potential
Walmart Inc. is betting on greater supply chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.
House Lawmakers Unveil Trucking Workforce Bill
Reps. Mike Gallagher (R-Wis.) and Abigail Spanberger (D-Va.) unveiled the Strengthening Supply Chains Through Truck Driver Incentives Act in response to the truck driver shortage.
GM Passes Ford in Q1 EV Sales, Still Trails Tesla
DETROIT — General Motors rode strong first-quarter sales of the Chevrolet Bolt to bump crosstown rival Ford out of second place in the U.S. electric vehicle sales race.
April 4, 2023Ford Sales Up 10.1% in Q1
Ford Motor Co.’s sales rose 10.1% year-over-year in the first quarter, lifting the Blue Oval to the best-selling brand — but not manufacturer — in the country for the January-March period.
GM’s BrightDrop Ships First 500 EV Vans From Ontario
BrightDrop has shipped the first 500 electric delivery vans out of CAMI Assembly in Ontario, Canada, that opened three months ago, the company said April 3.
Perspective: Staying Vigilant on Drug Testing
Suhash Harwani of Quest Diagnostics writes: the emerging evidence propels an argument that employers — particularly in the transportation sector — should stay vigilant on drug testing.
Monroe Container Port to Move Michigan Autos, Agriculture
Michigan’s first container terminal is rising in Monroe, potentially positioning the state to grow its supply chain, support auto manufacturing and move the state’s agricultural goods.