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.
Retail Sales Top Forecast in Boost From High Inflation
Retail sales were stronger than expected in June, but after several economists adjusted the data for inflation, they still point to a leveling off in spending.
KLLM Transport Services Acquires Quest Global
Temperature-controlled truckload carrier KLLM Transport Services has acquired refrigerated transporter Quest Global Inc., the companies announced July 14.
July 15, 2022Panasonic Plans Major EV Battery Plant in Kansas
Panasonic has announced plans for a massive electric vehicle battery manufacturing facility in De Soto, Kan.
Factory Output Declines for a Second Month on Consumer Goods
Production at U.S. factories declined in June for a second month, restrained by higher inventories and a softer economic outlook.
Toyota’s Crown Car to Debut in US
TOKYO — Toyota’s flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S.
Georgia, JLL Partner on EV Charging Infrastructure Bid
The Georgia Department of Transportation will partner with real estate giant JLL on a plan to expand electric vehicle charging stations across the state and obtain federal funding to help do it.
Jennifer Rumsey to Succeed Tom Linebarger as Cummins CEO
Cummins Inc. announced Jennifer Rumsey will become CEO and president effective Aug. 1. Rumsey will become the first woman to hold the post at the world’s largest independent engine maker and only the seventh CEO in the company’s 103-year history.
Freight Transportation Stakeholders Raise Inflation Concerns
Citing inflation and supply chain bottlenecks, transportation stakeholders called on congressional policymakers to help remedy current economic conditions.
FourKites Reports Chinese Ports Recovery, but Elevated US Transit Times
While Chinese ports are close to recovering, transit times to the United States have remained elevated, according to supply chain visibility company FourKites.
Railroad Workers Being ‘Ground to Dust,’ AFL-CIO Head Says
Efforts by national freight rail carriers to increase efficiency are having the opposite effect, a union official said July 12. Demoralized workers are leaving the industry, causing delays and damage to the national supply chain, said Greg Regan, president of the Transportation Trades Department of the AFL-CIO.