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.
Trucking Advised to Prepare for Vaccine Mandate as Courts Review Case
NASHVILLE, Tenn. — A federal law that would mandate vaccinations or regular COVID-19 testing for companies with more than 100 employees is being challenged in court, but one expert noted that the uncertainty around the rule stretches beyond the fundamental question of whether the government can enforce it.
Households Face Biggest Surge in Electricity Costs Since 2009
U.S. consumers faced the biggest jump in their energy bills in more than a decade in October, with costs soaring for electricity, natural gas and fuel oil as cooler weather approaches.
Congress Returns to Build Back Better Budget, Fiscal 2022 Negotiations
Negotiating the passage of President Joe Biden’s nearly $2 trillion social infrastructure budget bill and finalizing the funding framework for fiscal 2022 are among the legislative items on Congress’ end-of-the-year agenda.
Strong M&A Market Continues
Trucking is continuing to see an active mergers and acquisitions market with several deals recently announced.
A Rare Port Success Story Is Chance for Biden to Tout Plans
President Joe Biden will use the Baltimore port as a backdrop Nov. 10 in his campaign to promote the $550 billion infrastructure legislation Congress cleared last week, $17 billion of which would go to ports.
US House Panel to Examine Supply Chain Nov. 17
Ongoing supply chain challenges experienced by commercial ports and freight corridors will be examined when the transportation panel in the U.S. House of Representatives meets for a hearing Nov. 17.
Zero-Carbon Shipping Plan Targets Container, Iron Ore Routes
Shipping routes for the transport of iron ore from Australia to Japan and containerized goods from East Asia to Europe are at the center of plans to slash maritime carbon emissions by 2030.
Inflation Builds With Biggest Gain in Prices Since 1990
U.S. consumer prices rose in October at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge.
Rivian Set for IPO That Will Rank as Year’s Biggest
Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.
ATA-Led Coalition Sues to Block Federal Vaccine Mandate
American Trucking Associations, along with three state trucking associations and a number of groups representing various facets of the supply chain, have sued the Biden administration over its employer-based COVID-19 vaccine mandate.