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.
House Dems Tout Infrastructure Benefits Amid Senate GOP Concerns
WASHINGTON — The chairman of a panel overseeing small business policy highlighted potential benefits a $1 trillion infrastructure law would have on freight connectivity across the country.
San Francisco Lawmaker Pushes to Delay Amazon’s Expansion
A San Francisco supervisor has introduced legislation that would seek to place an 18-month moratorium on all new parcel delivery services in the city, including Amazon’s proposed 725,000-square foot, last-mile logistics center in Showplace Square.
OPEC+ Must Fix Its Million-Barrel Supply Gap, IEA Says
The International Energy Agency urged OPEC and its allies to address a widening shortfall in their oil production as a volatile market sends crude prices rocketing toward $100 a barrel.
February 16, 2022January Retail Sales Surged 3.8% as Threat of Omicron Faded
NEW YORK — Americans picked up the pace of spending in January as the threat of omicron faded and there was some easing of supply shortages.
Waymo to Haul Freight for C.H. Robinson in Texas Tests
Logistics giant C.H. Robinson is collaborating with Waymo to introduce autonomous trucks into its freight network, starting with multiple pilots in Texas.
GXO Reports $2.3 Billion in Revenue for Q4
GXO Logistics saw revenue grow 19% to $2.3 billion during the fourth quarter of 2021, the company reported Feb. 15.
US OKs New Headlights That Won’t Blind Oncoming Drivers
The National Highway Traffic Safety Administration is about to allow new high-tech headlights that can automatically tailor beams so they focus on dark areas of the road and don’t create glare for oncoming drivers.
GM to Resume Bolt Production as Fix Found for Battery Fires
General Motors Co. will resume production of the Chevrolet Bolt and larger Bolt EUV electric vehicles in April after the automaker and its battery partner, an LG Group company, found a solution to its manufacturing gaffes.
Cummins to Build Engines for Low-Carbon Fuels
Cummins Inc. announced it will build a new family of internal combustion engines for a range of low-carbon fuels beginning in 2024 using core components on common engine blocks, with additional components installed to handle the specific fuel.
Canada Plans to Tow Trucks, Freeze Protesting Truckers' Accounts
Prime Minister Justin Trudeau is invoking emergency powers across all of Canada to quell protests by demonstrators who have paralyzed Ottawa and blocked border crossings in anger over the country’s COVID-19 restrictions.