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, Logistics

Biden Puts Focus on Infrastructure Amid New Virus Concerns

President Joe Biden is visiting a Minnesota community college Nov. 30 to highlight how his $1 trillion infrastructure law will create jobs and help train workers.

Josh Boak | The Associated Press
November 30, 2021
Government, Business, Technology, Fuel

State DOTs Explore Roadway Charging to Support Electric-Powered Vehicles

Magnetic concrete that charges electric vehicles as they drive over it could be coming to an Indiana roadway in the next few years.

Katie Pyzyk | Special to Transport Topics
November 30, 2021
Business, Safety

Florida Trucking Association, FleetForce Join on Training Program

Florida Trucking Association and FleetForce Truck Driving School on Nov. 29 announced a joint initiative to put more truck drivers on the road.

November 30, 2021
Business, Technology

VW CEO Open to Third Parties Taking Stakes in Software Unit

Volkswagen AG is open to external partners taking stakes in the manufacturer’s new software division as traditional automakers fight to catch up with Tesla Inc. on digital features.

Christoph Rauwald | Bloomberg News
November 30, 2021
Government, Business

Consumer Confidence Falls to a Nine-Month Low

U.S. consumer confidence decreased to a nine-month low in November as accelerating inflation and a pickup in COVID-19 cases weighed on Americans’ views on the economy.

Reade Pickert | Bloomberg News
November 30, 2021
Government, Business, Logistics

Expansion Underway for Baltimore’s Howard Street Tunnel

Federal officials, Maryland Gov. Larry Hogan and a host of other stakeholders said expansion of the 126-year-old, 1.7-mile Howard Street Tunnel in Baltimore is long overdue.

Dan Ronan | Senior Reporter
November 30, 2021
Government, Business, Safety, Logistics

Washington State Sees More Flooding as Next Storm Approaches

Localized flooding in Washington state from another in a series of rainstorms doesn’t appear to be as severe as an extreme weather flooding event earlier in the month.

November 30, 2021
Business, Technology, Fuel

Rising Battery Costs Hit Carmakers

Soaring commodity prices and supply chain bottlenecks threaten to push up the cost of batteries seen as crucial in the fight against climate change.

Todd Gillespie | Bloomberg News
November 30, 2021
Government, Business, Safety, Logistics

South Dakota Freight Project Awarded $22M USDOT Grant

The South Dakota Department of Transportation was recently awarded a federal grant for a corridor essential to the region’s flow of freight, the U.S. Department of Transportation announced.

Eugene Mulero | Senior Reporter
November 30, 2021
Government, Business, Safety, Logistics

Canada Sees Timber Shipments Slump on British Columbia Floods

West Fraser Timber Co. Ltd., one of Canada’s largest lumber producers, said shipments plunged about 25% to 30% in the second half of the month following severe flooding in British Columbia.

Simon Casey | Bloomberg News
November 30, 2021