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.
October Class 8 Orders Near 22,000
North American Class 8 orders in October nearly hit 22,000, according to ACT Research.
UPS, TuSimple Expand Partnership
UPS and TuSimple plan to expand their relationship by adding routes where TuSimple will move cargo in autonomous Class 8 trucks in the southeastern and western U.S.
US-Canada Trade Spat on Trees Adds to Lumber Swings
As if things weren’t volatile enough in the lumber market, a Canada-U.S. trade tussle will make things worse.
Truckers Exempt From Vaccine Mandate, Labor Secretary Says
Truck drivers traveling alone in their cabs are exempt from a new interim final rule mandating that employees for large private companies get COVID-19 vaccinations, according to a statement by U.S. Labor Secretary Marty Walsh.
OPEC+ Rejects Biden’s Plea for Bigger Oil-Supply Increase
OPEC and its allies will stick to their slow pace of oil-production increases, disregarding President Joe Biden’s demand to go faster.
November 4, 2021The Economic Impact of Supply Chain Disruptions
While some ports have announced a move to 24/7 operations, supply chain disruptions are expected to persist through 2022 and - with holiday season around the corner - what does this mean for the nation's retailers?
November 4, 2021LTL Carrier Yellow Returns to Profitability in Q3
Yellow Corp. reported improved year-over-year third-quarter earnings Nov. 3, showing an increase in revenue and net income as the Overland Park, Kan., less-than-truckload carrier turned a profit in the three months ending Sept. 30.
US Productivity Falls Most Since 1981
Productivity in the U.S. fell by the most since 1981 in the third quarter, reflecting a sharp pullback in economic growth and an increase in hours worked.
Ford to Cut Debt Costs by Retiring ‘COVID Bonds’
Ford Motor Co. is aiming to cut its borrowing costs by more than half as it repurchases $5 billion in junk-rated debt and seeks to set a path to return to an investment-grade credit rating.
Supply Chain Delays Disrupt California Agriculture Exports
Amid an historic drought posing threats to future harvests, California farmers now say they have no way to export the crops they do have because of a kink in the global supply chain that has left containerships lined up off the Southern California coast with nowhere to deliver their goods.