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.
Bluewire Aims to Save Carriers’ Reputations
A data-driven approach to reputation management that could help trucking companies counter plaintiffs’ attorneys’ attacks in trials involving crashes is under development.
Fed to Accelerate Withdrawal of Economic Aid as Prices Surge
WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest rate policies with inflation accelerating and unemployment falling faster than expected.
Snarled Supply Chain Ignites Economic Boom Along US-Mexico Border
Near-shoring is one of the biggest economic transformations sparked by the pandemic: Shrink the length of the supply chain to keep production closer to its final destination and reduce the risk of some snag messing things up along the way.
Wholesale Inflation Jumps Record 9.6% Over Past 12 Months
WASHINGTON — Prices at the wholesale level surged by a record 9.6% in November from a year earlier, an indication of ongoing inflation pressures.
Toyota to Offer 30 New EVs by 2030
TOKYO — Japanese automaker Toyota is beefing up its electric vehicle lineup, offering 30 new fully electric models by 2030, company president Akio Toyoda said Dec. 14.
Spot Market Bounces Back After Thanksgiving Slump
Spot freight volumes fell Thanksgiving week, but they have more than recovered.
Ryder Plans Acquisition of Logistics Services Provider Whiplash
Ryder System Inc. has entered into a definitive agreement to acquire e-commerce and omnichannel fulfillment provider Whiplash, the company announced Dec. 13.
December 13, 2021Elon Musk Named Time’s Person of the Year
Elon Musk was named Time magazine’s “Person of the Year,” capping a run during which the head of Tesla Inc. solidified his standing as the world’s richest person and turned his onetime electric vehicle startup into a $1 trillion company.
UPS Same-Day Unit Roadie Says Delivery Volume Doubled Last Month
Roadie, the same-day delivery startup that UPS Inc. acquired in October, said its package volume more than doubled in November from a year earlier as shoppers heeded the call to make holiday purchases early.
White House Unveils Plan for EV Charging Network
The Biden administration on Dec. 13 released a federal strategy to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry.