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.
Supply Chain Relief Sparks Feud Over Degree of Softer Economy
Some supply strains in the U.S. are easing, two years after a jump in demand started emptying shelves, snarling shipping and sowing the seeds of soaring inflation.
Walmart, Others Amass $45 Billion in Extra Stuff to Sell
Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks — going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff.
Shanghai Moves Toward Ending 2-Month COVID-19 Lockdown
SHANGHAI — Shanghai authorities say they will take major steps June 1 toward reopening China’s largest city after a two-month COVID-19 lockdown that has set back the national economy and largely confined millions of people to their homes.
Trailer Manufacturers, Suppliers Aim to Help Fleets Curb Fuel Costs
Fleets and shippers have found that monitoring trailer performance plays an important role in achieving optimal fuel savings.
Truck Manufacturers Group Files Lawsuit Seeking More Lead Time for CARB Regulation
The Truck and Engine Manufacturers Association filed a federal lawsuit May 27 alleging that California environmental regulators have failed to give manufacturers enough lead time to meet the state’s new, more rigid emission standards.
Transportation Officials to Weigh Equity, Accessibility in Funding
Before awarding federal funds, U.S. transportation officials will look for projects offering greater access to people, especially in disadvantaged communities.
State Lawmakers Take Steps to Advance Hydrogen Fuel
State legislators across the nation are working to create new laws to promote the development and use of hydrogen energy.
States Make Plays to Become Federal Hydrogen Fuel Hubs
Like Oklahoma, Louisiana and Arkansas, other states across the nation are scrambling to become hydrogen hubs in the hopes of securing some of the $9.5 billion in federal funds for clean hydrogen initiatives.
US Ports’ Digital Tools Lag Overseas Counterparts
The giant ports in Southern California and across the U.S. greatly lag their counterparts in Europe and other regions using digital technology to optimize operations. That was the consensus of a panel discussion at the Metrans International Urban Freight Conference.
Consumer Sentiment Falls to Fresh Decade Low on Inflation
Consumer sentiment deteriorated further in late May to a fresh decade low as escalating concerns over inflation dimmed the outlook for the economy.