Business

About Business News...

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.

Government, Business

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.

Paul Wiseman | Associated Press
December 23, 2021
Government, Business, Logistics

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.

Hope Yen | The Associated Press
December 23, 2021
Government, Business, Safety

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.

Jessica Gresko | Associated Press
December 22, 2021
Business, Technology, Equipment, Fuel

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, 2021
Business

Tom 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, 2021
Business

P.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, 2021
Business, Logistics

Amazon 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.

Michael Tobin | Bloomberg News
December 22, 2021
Business, Top 50, Top 100

XPO Hosts Conference for Women in Leadership

XPO Logistics held its inaugural Women in Leadership Conference in Atlanta Nov. 17-19.

December 22, 2021
Government, Business, Fuel

US 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.

December 22, 2021
Government, Business, Logistics

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.

December 22, 2021