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.
Walmart to Add Four E-Commerce Warehouses to Speed Deliveries
Walmart Inc. announced plans to build what it said would be a “high-tech” fulfillment center in Joliet, Ill., which is 45 miles southwest of Chicago.
June 3, 2022ATA Leader Chris Spear Doesn’t See Automation as Threat to Drivers
NASHVILLE, Tenn. — American Trucking Associations President Chris Spear said he doesn’t view the ongoing advancement of autonomous trucking as a threat to drivers, since economic factors will ensure demand for drivers for years to come.
US Added 390,000 Jobs in May as Hiring Remained Robust
WASHINGTON — U.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and interest rates.
CSX Turns Away Freight as Railroad Struggles to Fill Jobs
CSX Corp. is turning away freight from customers, ceding cargo business to truckers, as the railroad struggles to hire workers, CEO Jim Foote said.
Futurist Outlines What Could Be Ahead for Driver Recruiting
NASHVILLE, Tenn. — Futurist Nikolas Badminton explored June 2 how the trucking industry could change in the years ahead and what that means when it comes to driver recruitment.
Congress Keeps Supply Chain, FY23 Bills on Summer Agenda
Enhancing connectivity along freight supply chains and considering fiscal 2023 funding legislation will dominate transportation policy debates when Congress returns June 6 after its Memorial Day recess.
Buttigieg Kicks Off I-15 Project at Las Vegas Strip
Transportation Secretary Pete Buttigieg kicked off a construction project in Nevada that will upgrade an aging Interstate 15 interchange to improve travel for truckers and all drivers accessing the Las Vegas Strip.
Ford Plans to Add 6,200 Jobs in Ohio, Michigan, Missouri
DETROIT — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models.
World Events Redistribute Supply Chains
Trade disruptions from China’s lockdowns and the war in Ukraine are seen doing for Southeast Asia what the U.S.’s spat with Beijing couldn’t meaningfully do — redistribute supply chains.
Paccar Predicts Truck Market Stronger for Longer
Truck maker Paccar Inc. sees the traditional peak-to-peak cycle in the U.S. truck market smoothing amid the industry’s already strong orders backlog that has fleets still waiting to gain slots for 2023 to replace aging trucks that they have to run longer than usual.