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.
China COVID Lockdown Threatens US Trucking Sector
China has put several cities back into lockdown because of coronavirus, which could disrupt shipments headed for the U.S.
Manufacturing Output Increases for Second Straight Month
U.S. factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.
DOT Awards Grant to Dismantle Detroit Highway
WASHINGTON — A long-delayed plan to dismantle Interstate 375, a 1-mile depressed freeway in Detroit that was built by demolishing Black neighborhoods 60 years ago, was a big winner of federal money Sept. 15.
Shell CEO to Step Down as Oil Giant Looks to Climate Goals
LONDON — Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge, the energy giant said Sept. 15, a change that comes as oil and natural gas companies are under pressure to shift away from fossil fuels .
September 15, 2022Rail Strike Averted as Unions Agree to Deal
A deal has been reached between union workers and six Class I railroads, averting a threatened strike that could have snarled the nation’s freight and passenger rail service.
From Carmakers to Refiners, Industries Brace for Rail Strike
Here’s how some industries are gauging the potential impacts and getting ready for the possible rail work stoppage.
September 14, 2022States Get Early Green Light to Spend Federal EV Funds
Dozens of states from coast to coast will have early access to their share of $900 million in electric vehicle infrastructure funds thanks to the U.S. Department of Energy’s early approval of plans to locate chargers on more than 53,000 highway miles throughout the country.
Real-Time Alerts Coming to Kansas Rural Freight Corridor
Truckers driving through the U.S. Route 83 rural freight corridor in Kansas will benefit from a $6.67 million federal grant to help fund a long fiber optic network to deliver real-time traffic, weather and other useful information in that remote agricultural stretch.
Classes 4-7 US Retail Sales Rise in August on Class 6 Surge
Classes 4-7 U.S. retail sales in August climbed 11.7% overall compared with a year earlier to more than 20,000, primarily because of a huge jump in Class 6 sales, Wards Intelligence reported.
TMCSuperTech Back at Full Strength at Fall TMC
After an abbreviated meeting and TMCSuperTech competition, this year’s American Trucking Associations’ Technology & Maintenance Council Fall Meeting and National Technician Skills Competition is back at full strength.