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.
Growth at Service Providers Sees Sharp Pullback From Record
A measure of U.S. service providers pulled back abruptly in December after soaring to a record a month earlier, reflecting more moderate growth in business activity and orders.
CES Panel Discusses Supply Chain Problems
LAS VEGAS — Data and technology are playing a crucial role in addressing the supply chain crunch in the transportation space, experts said during a CES 2022 panel discussion.
Level 4 Autonomous Vehicles Expected to Take Hold in 2024
LAS VEGAS — Autonomous vehicles on the higher end of the technological scale may only be a couple of years away from greater adoption, panelists said at a CES 2022 session Jan. 5.
‘Alabama-USA Corridor’ Rail Work to Improve Supply Chain Infrastructure
The Jan. 4 announcement appears to be a significant step in that direction. According to the governor’s office, the overall concept calls for $231.6 million in investment in rail projects “to upgrade economic development infrastructure in central and southern Alabama.”
Developer Plans 1 Million-Square-Foot Warehouse in Ontario, Calif.
A national developer recently purchased one of the largest empty lots in Ontario, Calif., with plans to build a 1 million-square-foot logistics center that would be among the largest warehouses in the city.
Rivian Plunges Below IPO Price on Mounting EV Competition
Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., fell below the $78 a share price of its November initial public offering.
US Jobless Claims Rise by 7,000, Still Low at 207,000
The number of Americans applying for unemployment benefits rose last week but remained at historically low levels, suggesting that the job market remains strong.
Six States Adopt Clean Truck Rule
The U.S. trucking industry is set to be transformed by a handful of states adopting zero-emission vehicle requirements.
US Trade Deficit Widens as Imports Surge to a Record
The U.S. trade deficit widened in November, reflecting a surge in the value of imports as domestic retailers made a final push to stock shelves for holiday shoppers and demand for foreign oil increased.
Autonomous, Electric Trucks Show Progress at CES 2022
LAS VEGAS — Rapid progress in the development of autonomous and electric-powered commercial trucks stood out as one of the top themes at a technology show known for everything from consumer electronics to advanced robotics.