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.
Forward Air Announces General Rate Increase
Forward Air Corp. announced a general rate increase of 7.9%, applicable to rates established under existing tariffs effective Feb. 1.
December 9, 2021Austin Startup Bets on AI Reshaping the Trucking Industry
Austin-based trucking startup AI Fleet is betting that using artificial intelligence technology and focusing on drivers could help transform the trucking industry.
Dana Names Timothy Kraus Chief Financial Officer
Dana Inc. announced the appointment of company veteran Timothy Kraus as chief financial officer.
December 9, 2021VW Boosts Future Tech Spending, Enlarges Management Board
Volkswagen AG raised its five-year spending plan and overhauled its management board, seeking to catch up with Tesla Inc. and end an internal dispute over the changes needed to get there.
Mercedes Beats Tesla to Hands-Free Driving on the Autobahn
Daimler AG’s Mercedes-Benz won regulatory approval to deploy a hands-free driving system in Germany ahead of Tesla Inc., gaining an edge in the race to offer higher levels of automation in one of the world’s most competitive car markets.
Jobless Claims Decline to Lowest Level Since 1969
Applications for U.S. state unemployment benefits declined last week to the lowest level since 1969, illustrating difficulties adjusting the raw data for seasonal effects.
November Class 8 Orders Tumble in Historic Fall
A rosy supply chain arriving this holiday season to release handcuffed truck makers and reward fleets awaiting new trucks would certainly be a great gift to the industry — well, maybe next year.
Senate Resolution Rejects Vaccine Mandate for Private Employers
WASHINGTON — The Senate narrowly approved a resolution Dec. 8 to nullify the Biden administration’s requirement that businesses with 100 or more workers have their employees be vaccinated against the coronavirus or submit to weekly testing.
Senate Panel Examines Supply Chain Disruptions
WASHINGTON — To help alleviate ongoing supply chain woes, a senior transportation policymaker in the U.S. Senate suggested federal agencies as well as industries look to ports along the Great Lakes.
Canadian Pacific Shareholders Back Purchase of Kansas City Southern
Canadian Pacific’s $31 billion plan to acquire Kansas City Southern cleared one of its final hurdles Dec. 8 when CP shareholders overwhelmingly approved the deal that would create the first railroad connecting the United States, Canada and Mexico.