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.
Merchants Fleet Expands Order of BrightDrop EVs
DETROIT — BrightDrop, a General Motors Co. startup making electric delivery vehicles, said Nov. 18 that Merchants Fleet is planning to expand its purchase order to receive a total of 18,000 BrightDrop EVs.
Texas, Midwest at Risk of Blackouts if Winter Brings Deep Freeze
Power grids from Texas to the Midwest are at risk of blackouts if a prolonged deep freeze sets in this winter, regulators warned Nov. 18.
US House Debates $1.75 Trillion Climate, Social Infrastructure Bill
A nearly $2 trillion bill representing key elements of President Joe Biden’s climate and social infrastructure agenda is under consideration before the U.S. House of Representatives.
John Christner Trucking’s Gina Bartley Wins TT Recruiting Award
NASHVILLE, Tenn. — Gina Bartley, the director of recruiting at John Christner Trucking, was named the Transport Topics Recruiting Professional of the Year at the annual Recruitment and Retention Conference.
Irish Firm AMCS Acquires Dossier Systems
AMCS has acquired Philadelphia-based fleet maintenance management software solutions provider Dossier Systems, the Limerick, Ireland-based company announced Nov. 16.
November 18, 2021Russian Fleet Heading to New York May Help Ease Diesel Pain
A fleet of tankers laden with Russian diesel heading to the U.S. East Coast may help to alleviate the most expensive retail prices for the fuel in seven years.
Southern California Port Officials Say Crisis Easing
The Port of Los Angeles has suspended plans to charge shippers for containers that have been piling up at the facility, an announcement made the day that Transportation Secretary Pete Buttigieg during a virtual visit pledged support from the Biden administration to help ease stress on the nation’s crowded supply chain.
Electric Vehicles Rank Low in Consumer Reports Reliability Study
Electric vehicles fare poorly in the latest reliability study from Consumer Reports, with Tesla Inc. and its battery-powered lineup finishing second-to-last for the second straight year. Only Ford Motor Co.’s Lincoln division was worse, the publisher said Nov. 18.
Royal Mail Hands $540 Million to Investors on Parcel Windfall
Royal Mail Plc will return $540 million to shareholders, saying it’s increasingly confident that the online shopping boom spurring parcel deliveries will persist.
Jobless Claims Drop for Seventh Straight Week to 268,000
The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000.