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 to Hire 3,000 Drivers to Expand In-Home Delivery
Walmart Inc. is betting big on its service to deliver groceries directly into customers’ refrigerators with an expansion of its InHome delivery option, and will hire 3,000 drivers to support it.
US Needs to Guard Exports From Supply Chain Snarls, Envoy Says
U.S. port authorities and ocean carriers, dealing with record import volumes, need to ensure that exports aren’t hindered amid the unprecedented supply chain logjams that aren’t showing clear signs of dissipating, President Joe Biden’s port envoy said.
GM Enters Electric Pickup Battle With 400-Mile Silverado EV
General Motors Co. CEO Mary Barra showed off the company’s electric Chevrolet Silverado at the CES exhibition, announcing that the pickup will go on sale in spring 2023 to compete with battery-powered trucks from longstanding rival Ford Motor Co. and newcomer Rivian Automotive Inc.
Port of Oakland Unveils Plan to Encourage Agriculture Exports, Ramp Up Business
Facing a loss of business to larger container ports in Southern California, the Port of Oakland will permanently expand its agriculture export business beginning March 1.
Maersk Overtaken as World’s No. 1 Shipping Line by MSC
A.P. Moller-Maersk A/S is no longer the world’s largest container line. The Danish carrier has been overtaken by Mediterranean Shipping Co. in terms of capacity, according to data compiled by Alphaliner and published Jan . 5.
British Freight Lobby Slams ‘Profiteering’ in Container Shipping
The British International Freight Association is calling on the U.K. government to investigate the state of competition within the global container-shipping market, as transportation costs remain elevated heading into the third year of the pandemic.
Maverick Increases Per Mile Pay for Glass Drivers
Maverick Transportation is raising per mile pay by 2 cents for company drivers in its glass transportation division, the carrier announced.
January 5, 2022Nikola Drops $2 Billion Patent Suit Against Tesla
Fledgling electric vehicle maker Nikola Corp. is dropping its $2 billion patent lawsuit against rival Tesla Inc. as its founder continues to fight criminal charges that he misled investors.
Amazon, Stellantis Team Up on Auto Software and Delivery Vehicles
Amazon.com Inc. is partnering with Stellantis NV to develop software with the carmaker and agreed to buy a new electric delivery van.
Companies Add Most Jobs in Seven Months
U.S. companies in December added the most jobs in seven months, indicating that more Americans are returning to the labor force and helping employers to fill a near-record number of open positions.