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.
Albertsons Might Explore Selling Its Grocery Chains
Albertsons Cos. may be looking to unload some of its nearly two dozen grocery chains as the company launches a review of its business strategy, analysts said.
Honda, Sony Join Forces on New Electric Vehicle
Sony Group Corp. and Honda Motor Co. agreed to establish a joint venture this year to start selling an electric vehicle by 2025, both sides said March 4.
High-Tech Recruiting Battles
Professional drivers are any trucking company’s greatest asset. That’s true regardless of market conditions, but it becomes especially clear when the recruiting pipeline begins to run dry.
GM Loses Bid to Skip Recall for Lights That Are Too Bright
DETROIT — General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers.
March 4, 2022Trucking Technology Q&A: Yellow's Jason Ringgenberg
Jason Ringgenberg joined Yellow Corp. in 2014 after more than 20 years at technology and consulting firm Accenture, where he worked with several commercial transportation clients across multiple modes, including less-than-truckload, parcel and rail. He is now Yellow's chief information officer.
March 4, 2022California Pump Prices Hit Records
California, already paying record prices for motor fuel, is set to shell out even more with the Golden State more exposed to surging oil prices than the rest of the country in the wake of Russia’s invasion of Ukraine.
Musk Invites UAW to Hold Organizing Vote at Factory
DETROIT — Elon Musk is inviting the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, Calif.
March 3, 2022Buttigieg Defends Infrastructure Law’s Implementation Before US Senate Panel
Provisions approved in the country’s premier federal infrastructure law will alleviate supply chain bottlenecks and assist the economy, the U.S. Secretary of Transportation told a Senate panel March 2.
Brokers Expect Rising Contract Rates for 2022
Freight brokerage firms are anticipating that contract rates will keep rising this year, with a slowdown not expected until year’s end.
More Carriers Announce Driver Pay Raises
Carriers continue to hike pay in hopes of stemming the driver shortage, with Cargo Transporters, B&G Supply Co., Montgomery Transport and Two Marines Moving among the latest to announce raises.