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.
Congress Readies Semiconductor Production Bill Negotiations
A proposal to provide $52 billion for domestic semiconductor production is on the radar of congressional leaders as they set off on their spring legislative agenda.
February Trailer Orders Simmer Amid Supply Chain Limits
U.S. trailer orders edged past 26,000 in February, keeping pace with the past few months, ACT Research reported.
Canadian Pacific Set to Halt Operations If Labor Talks Fail
Canadian Pacific Railway Ltd. is gearing up to halt operations after failing to reach a labor deal with unionized workers.
Factory Output Exceeds Forecast, Rises Most in Four Months
Production at U.S. factories rose in February by the most in four months, indicating firmer momentum in a manufacturing sector still challenged by supply constraints and higher costs.
Convoy Survey: Empty Miles Top Carriers’ List of Priorities
Digital freight network company Convoy found reducing empty miles is a top priority for small and midsize trucking companies, according to a sustainability survey released March 17.
Germany Backs EU Phaseout of New Combustion Engines by 2035
Germany threw its weight behind a European Union proposal that only emission-free new cars and vans can be sold from 2035 as the bloc moves forward in talks on an ambitious green overhaul at a time of an extraordinary energy crisis.
Study: SUVs, Pickups More Likely to Hit Pedestrians Than Cars
DETROIT — Drivers of bigger vehicles such as pickup trucks and SUVs are more likely to hit pedestrians while making turns than drivers of cars, according to a new study.
Fed Lifts Rates a Quarter Point in Opening Bid to Curb Inflation
The Federal Reserve raised interest rates by a quarter percentage point and signaled six more such hikes this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.
White House Unveils FLOW Plan to Improve Supply Chain
In an effort to open up the nation’s clogged supply chains, the Biden administration on March 15 announced plans for a pilot program under which organizations across the transportation landscape would share data with one another to improve the overall flow of goods.
DTNA’s O’Leary Reflects on Time of Transition for Company, Class 8 Market
John O’Leary’s first year as CEO of Daimler Truck North America has been an eventful one. “It’s just been this whirlwind of activity, one thing after another,” O’Leary said during a one-on-one interview with Transport Topics on March 8 at the Technology & Maintenance Council’s annual meeting.