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.
Samsung Expected to Build $17 Billion Chip Factory in Texas
Samsung is planning to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices.
Biden Administration Asks Court to Allow Vaccine Mandate
The Biden administration on Nov. 23 asked a federal court to let it move ahead with a workplace rule that would require employees at larger companies to be vaccinated against COVID-19 or face weekly testing.
Ohio Governor Reinstitutes Pandemic Era Order Easing Oversized Load Permitting
To help address ongoing nationwide supply chain issues, Gov. Mike DeWine on Nov. 23 reinstituted a pandemic-era order allowing trucks to carry an additional 10,000 pounds of freight over the normal 80,000-pound limit without needing a permit beforehand.
US Senate to Debate Social Infrastructure Build Back Better Budget
Senators returning to Capitol Hill after the Thanksgiving recess are scheduled to kick off debate on a nearly $2 trillion budget package that aims to promote severe-weather resilience and reduce congestion across mobility networks.
USPS Hires Hundreds, Leases Extra Space for Holidays
A year after COVID-19 staff shortages delayed mail and packages, the U.S. Postal Service says it is ready for the expected rush of holiday packages and cards.
Xos Sends Out BEVs to Help Feed Those in Need
Employees at electric truck maker Xos decided something was equally vital as strong financial metrics: performing acts of generosity within the community.
ATA Leadership, Global Trucking Officials Meet to Discuss Key Issues
Transportation leaders from around the globe discussed shared challenges during the first in-person meeting in two years of the International Road Transport Union, with supply chain snarls, a shortage of drivers and environmental issues at the top of the agenda.
West Coast Dockworkers Decline Contract Extension, Seek Talks
The union representing about 15,000 dockworkers at the largest U.S. ports declined an offer by employers to extend existing labor contracts for a year, setting the stage for heated negotiations.
Truck Tonnage Rises in October
Truck tonnage in October posted the strongest year-over-year gain since just before summer, American Trucking Associations announced, as consumers ramped up early spending in anticipation of a busy holiday shopping season.
Business Activity Softens as Supply Constraints Linger
Growth in U.S. business activity softened this month as service providers and manufacturers remained constrained by higher inflation, supply shortages and hiring difficulties.