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.
Jobless Claims Unchanged at 205,000
The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year.
USDOT Gives $241 Million to Ports to Boost Supply Chain
WASHINGTON — Transportation Secretary Pete Buttigieg is awarding more than $241 million in grants to bolster U.S. ports, part of the Biden administration’s near-term plan to address America’s clogged supply chain with infrastructure improvements to speed the flow of goods.
Supreme Court to Hold Special Session on Vaccine Mandates
WASHINGTON — The Supreme Court says it will hold a special session Jan. 7 to weigh challenges to two Biden administration policies covering vaccine requirements for millions of workers — policies that affect large employers and health care workers.
Three Truck Makers Align to Bring EV Charging Network to Europe
Commercial vehicle manufacturers Daimler Truck, Traton Group and Volvo Group announced they signed a binding agreement to create a joint venture to install and operate a high-performance public charging network for battery-electric, heavy-duty longhaul trucks and coaches across Europe.
December 22, 2021Tom Drury to Replace Fred Loeffel at Geodis
Geodis has promoted Tom Drury to executive vice president of strategic development of the Americas region. Drury will take over at the end of 2021, when Fred Loeffel retires from the company after 36 years.
December 22, 2021P.S.I. Selects Kyle Check as Sales Director for OEMs, Southwest Area
Pressure Systems International has appointed Kyle Check as sales director for original equipment manufacturers and the Southwest region.
December 22, 2021Amazon Labor Group Refiles Union Petition in New York
Amazon.com Inc. workers seeking to unionize four facilities in New York City said they now have enough signatures to call for a vote.
XPO Hosts Conference for Women in Leadership
XPO Logistics held its inaugural Women in Leadership Conference in Atlanta Nov. 17-19.
December 22, 2021US Authorizes Pemex Purchase of Shell Refinery
The U.S. government has authorized Petroleos Mexicanos’ bid to take over Royal Dutch Shell Plc’s Deer Park refinery, according to Mexico President Andres Manuel Lopez Obrador.
Biden Says Holiday Shipping Crisis Averted
President Joe Biden said that his administration, together with labor unions and companies, succeeded in averting a holiday season supply chain crisis.