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 Mulls Options for Part of Central American Business
Walmart Inc. is studying strategic alternatives for its operations in Honduras, El Salvador and Nicaragua, signaling another potential move to narrow its focus abroad.
World’s Largest Container Line Makes Play for Italian Air Carrier
Mediterranean Shipping Co. is seeking a controlling stake in new Italian flag carrier ITA Airways through a deal that would also include Deutsche Lufthansa AG.
Delay in Creating New Cybersecurity Board Prompts Concern
RICHMOND, Va. — It’s a key part of President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to see what went wrong and try to prevent the problems from happening again — much like a transportation safety board does with plane crashes.
Electric Vehicle Push Unites Warring Oil, Corn Allies
Lawmakers who support the rival petroleum and ethanol industries have joined forces to oppose the Biden administration’s push to electrify the federal vehicle fleet, marking a rare moment of unity between oft-warring interests.
Paccar Sets Stage for Pure Electric Truck Platform
Paccar is in the initial stages of designing a new Class 8 electric truck platform freed from the constraints of having a diesel powertrain and a complex exhaust system.
Logistics Community, Clarience Step Up to Help After Tornadoes in December
The American Logistics Aid Network started mobilizing members of the logistics community last month to help provide relief to tornado victims.
January 24, 2022Rush Enterprises Splits Momentum Fuel Technologies With Cummins
Cummins has closed on its acquisition of a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises, the companies announced Jan. 18.
January 24, 2022Rail Unions Seek Mediator With Talks ‘Completely Stalled’
Labor unions representing about 100,000 U.S. railroad workers say contract negotiations have broken down after more than two years of talks with several carriers.
FMCSA Issues Alternative Standard for Monocular Drivers
Federal trucking regulators have published a new vision standard that will remove the requirement that truck drivers with normal vision in only one eye seek an exemption from the agency.
KLLM Announces Largest Driver Pay Increase in Company History
KLLM Transport Services is implementing the largest comprehensive pay and compensation increase in its history, the company announced Jan. 18.
January 24, 2022