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.
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.
Port of Mobile Reports Record 2021
The volume of traffic through the Port of Mobile’s container terminal hit a record in 2021, the Alabama State Port Authority announced Jan. 10.
NLRB Sets Amazon Union Vote in Alabama
Amazon.com Inc. employees in Bessemer, Ala., will vote by mail next month in a rerun election on whether to unionize, the National Labor Relations Board announced Jan. 11.
OPEC+ Supply Hikes Enough to Prevent Market Overheat, Oman Says
OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,” Oman’s oil minister said.
Supply Chain Bottlenecks, COVID Expected to Slow Global Growth
WASHINGTON — The World Bank is downgrading its outlook for the global economy, blaming continuing outbreaks of COVID-19, a reduction in government economic support and ongoing bottlenecks in global supply chains.
Aurora, TuSimple Have High Expectations for 2022
Executives from self-driving technology companies TuSimple and Aurora during separate online events hosted by Morgan Stanley outlined ambitious plans for 2022, building on their respective success in 2021.
Auto Sales to Edge Up 3.4% as Shortages Continue
U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict.