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.
2021 Year in Review
It was a year in which trucking learned to live with — and thrive in spite of — another year of the coronavirus pandemic. Take a look back at an eventful 2021.
December 16, 2021White House Unveils Plan to Recruit Truck Drivers
The Biden administration is launching a multifaceted program in partnership with industry that aims to expand recruiting efforts in trucking through various efforts, and elevate the appeal of what one senior administration official described as “well-paying, solid careers.”
Three-Judge Panel to Decide Appeal of Vaccine Mandate for Private Employers
The Cincinnati-based U.S. 6th Circuit Court of Appeals said Dec. 15 that a three-judge panel — rather than the entire court — would rule on a challenge to President Joe Biden’s mandate that all private employers with at least 100 workers require them to be vaccinated against COVID-19 or wear masks and face weekly tests.
December 15, 2021Oakland Port Imports Rebound in November as Chaos Roars in L.A.
Container traffic at the Port of Oakland is starting to pick up again amid the supply chain chaos. Cargo imports handled by the Port of Oakland increased 6.5% in November from a year earlier, the hub said in an emailed statement Dec. 15.
Software Maker Samsara Rises in Trading Debut
Technology developer Samsara launched an initial public offering on Dec. 15, a move that a top executive said positions the company for continued growth by bringing in key investors to help fund future initiatives.
American Consumer Momentum Wanes Just in Time for the Holidays
The American consumer has held strong since last year’s COVID-driven spending pause, as their purchases helped power the global economic recovery. But that momentum may be fading as the holiday season approaches.
Shell Uses Cow Dung to Power German Trucks, Cut CO2
Trucks in Germany could soon be running on fuel that’s made partly from manure at one of Europe’s biggest oil refineries.
Singapore Air Picks Airbus Freighters to Renew Cargo Fleet
Singapore Airlines Ltd. signed a letter of intent with Airbus SE for seven A350 freighters with an option to take five more as the carrier phases out its aging cargo fleet.
Aurora, Uber Freight Collaborate on Texas Pilot
Autonomous vehicle technology developer Aurora Innovation Inc. will launch a pilot program with Uber Freight to move goods in Texas.
Elon Musk Named FT’s Person of the Year for Transforming Car Industry
The Financial Times followed Time magazine in naming Elon Musk “Person of the Year,” with the British newspaper lauding the world’s richest man’s role in shifting the automotive industry toward an all-electric future.