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.
Consumer Confidence Slides for Third Straight Month in July
WASHINGTON — U.S. consumer confidence slid again in July as higher prices for food, gas and just about everything else continued to weigh on Americans.
GM Misses Profit Estimates as Chip Shortage Crimps Output
General Motors Co. reported weaker second-quarter profit than analysts’ estimates as semiconductor shortages kept production volumes in check. The automaker also warned it is bracing for tougher times ahead.
10 Roads Express Launches Autonomous Route Using Kodiak Tech
The 10 Roads Express company launched an autonomous truck route in partnership with Kodiak Robotics, a driverless trucking company, they announced July 26.
Diesel Drops 16.4¢ in Latest Double-Digit Decline
Diesel’s national average price continued its downward path, shedding 16.4 cents to $5.268, according to Energy Information Administration data released July 25.
Walmart Cuts Full-Year Profit Outlook
Walmart Inc. cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.
Trucker AB 5 Blockade Ends at Port of Oakland
Fruit, nuts and wine are again flowing through the Port of Oakland after truckers quietly ended a multiday blockade over the weekend amid a crackdown on AB 5 protesters by port authorities.
US House Passes Fiscal 2023 Transportation Bill
Legislation that would fund federal transportation programs in fiscal 2023 was recently approved in the U.S. House of Representatives.
Semiconductor Bill Unites Sanders, the Right — in Opposition
WASHINGTON — A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right.
Walmart Canada Adds 60-Foot Multizone Refrigerated Trailer
Walmart Canada has expanded its fleet to include for the first time in North America a 60-foot multitemperature-zone refrigerated trailer, built by Utility Trailer Manufacturing Co.
UAW Head Ray Curry Says EV Battery Plants Must Be Union
SOUTHFIELD, Mich. — United Auto Workers President Ray Curry says if the union can’t organize workers at new electric vehicle battery factories that will supply Detroit’s three automakers, the union’s future would be in serious doubt.