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.
ATRI Report Offers Insights Into Trucking Industry Settlements
A new report from the American Transportation Research Institute stated that while trucking industry court cases that result in verdicts of less than $1 million may not dominate headlines like those that end in multimillion-dollar judgments, the cumulative effect of these smaller verdicts can still inflict significant financial distress on the industry.
Maverick, Melton, Montgomery Raise Pay, Benefits for Drivers
Maverick Transportation, Melton Truck Lines and Montgomery Transport recently continued the trend of carriers increasing driver pay and benefits.
Democrats’ $2 Trillion Social, Climate Bill Passes House
WASHINGTON — A fractious House handed President Joe Biden a marquee victory Nov. 19 by approving a roughly $2 trillion social and environment bill, as Democrats cast aside disputes that for months had stalled the measure and hampered efforts to sell their priorities to voters.
Lordstown Motors Poised for Tax Exemptions Under Ohio Bill
COLUMBUS, Ohio – The Ohio House passed a bipartisan bill that would give Lordstown Motors a four-year sales tax exemption on engines, transmissions, batteries, brakes and other components that are unique to the production of electric vehicles.
Fullbay Names Patrick McKittrick CEO
Software company Fullbay, which is focused on improving the operational efficiency of heavy-duty repair shops, named Patrick McKittrick as CEO.
November 19, 2021New Inland Port Opens in North Carolina
As the nation’s major seaports experience more congestion, another inland port facility will help to move freight along the Eastern Seaboard. The Carolina Connector, near Rocky Mount, N.C., is where shipping containers are transferred between trucks and trains.
November 19, 2021DHL Express Upgrades Americas Hub at Miami International Airport
DHL Express’ expansion of its hub facility at Miami International Airport doubles warehouse space and sorting capacity with twice the load positions for conveyable packages.
November 19, 2021Penske Acquires McCoy Freightliner
Penske Automotive Group Inc. has acquired McCoy Freightliner, located in Oregon.
November 19, 2021Anchorage Airport Pitches New Shipping Option to Ease West Coast Snarls
An Anchorage, Alaska, economic development group, alongside Anchorage airport and shipping officials, is making a pitch for what they say is an unexploited maritime shipping route from Anchorage to the U.S. Northwest that could help unlock West Coast shipping snarls.
Storms at Port of Vancouver Leave Grain Stuck in Prairies
Mountains of wheat and canola are stranded in Canada after storms blocked access to the Port of Vancouver during peak shipping season.