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.
Clarience Technologies Prepares for Smart Future
Davco, a unit of Clarience Technologies, announced it is investing $3.5 million in its Saline, Mich., campus to create an advanced electronics manufacturing center.
Georgia County Lands Two EV Development Projects
Newton County, Ga., has landed two major electric vehicle development projects that potentially could provide thousands of jobs in the fast-growing suburb east of Atlanta.
January 12, 2022Secretary Buttigieg Praises Port Efforts on Supply Chain
Transportation Secretary Pete Buttigieg during a Jan. 11 tour of the ports of Los Angeles and Long Beach lauded the efforts that have kept freight moving through the facilities amid crushing backlogs.
US Online Holiday Spending Grows at Slowest Rate in Seven Years
Online shopping for holiday gifts last year in the U.S. grew at the slowest rate since at least 2014, according to Adobe Analytics, after a blowout year in 2020.
VW Sales Drop to Lowest in Decade
Volkswagen AG sales dropped to the lowest in a decade last year after the global semiconductor shortage hampered the German manufacturer’s auto output.
Supply Chain Snags, Quarantines Hurt Global Air Cargo Growth
Global air cargo growth slowed sharply in November as demand was hit by supply chain disruptions, partly because COVID-19 restrictions left workers stuck in quarantine, causing labor shortages.
US Shoppers Find Some Groceries Scarce Due to Virus, Weather
Benjamin Whitely headed to a Safeway supermarket in Washington, D.C., on Jan. 11 to grab some items for dinner. But he was disappointed to find the vegetable bins barren and a sparse selection of turkey, chicken and milk.
USDOT Updates Innovation, Technology Principles
The federal regulatory landscape for transportation operations must prioritize safety, economic growth and climate change, the leadership at the U.S. Department of Transportation recently affirmed in a series of guiding principles.
Ascend Joins TL Ranks, Names Michael McLary CEO
Ascend, launched Jan. 10 as a dry van truckload carrier and freight brokerage, announced it named Michael McLary CEO.
January 11, 2022Tesla Strikes Deal for Nickel for Batteries to Ensure Supply
Tesla Inc. agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric car parts.