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.
Deere’s Monthlong Strike Ends With Workers Approving New Deal
Deere & Co. union workers ratified a new labor contract with the company Nov. 17 to return to plants across the U.S., putting an end to their first strike since 1986.
Ford Explores Buying Chips Direct to Offset Shortage
Ford Motor Co., responding to a global semiconductor shortage that has crimped profits and production, will explore buying chips directly from GlobalFoundries Inc.
Delays Expected to Continue Past Holiday Shipping Season
Delays in shipments could extend through the holiday season and into next year due to a stressed supply chain, experts warned.
Biden Pushes Electric Vehicle Chargers, Infrastructure
DETROIT — President Joe Biden punched the accelerator on a battery-powered Hummer on Nov. 17, causing the wheels to squeal and the truck to jet forward as he tried to drive the country toward an electric vehicle future.
California Boosts Truck Weight Limits to 88,000 Pounds to Ease Port Snarls
California will increase weight limits for trucks carrying goods in and out of its ports in an effort to ease supply chain bottlenecks and clear containers off the docks of Los Angeles and Long Beach.
ATA Presses Congress on Workforce Development Amid Supply Chain Woes
Policies aimed at boosting the trucking industry’s workforce would play a major role in addressing supply chain woes around the country, the leader of American Trucking Associations told the U.S. House of Representatives’ transportation panel Nov. 17.
Meritor Notches Higher Q4 Net Income, Revenue
Meritor Inc. reported higher fiscal year fourth-quarter net income and revenue thanks to higher global truck production.
Used Truck Market Faces Low Supply, High Demand
NASHVILLE, Tenn. — Dealing with the current low-supply, high-demand market and rising prices were the focal points highlighted during the Used Truck Association’s annual meeting.
UPS Expands Waymo Partnership to Include Autonomous Class 8 Trucks
Self-driving truck technology developer Waymo announced it expanded its partnership with UPS Inc. to include autonomous freight movement with Class 8 vehicles.
FedEx Closes Hong Kong Crew Base Amid Stricter COVID Rules
FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.