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.
US Agency Finalizes China Tariffs Biden Announced in May
The office of the U.S. Trade Representative on Sept. 13 formally approved tariff increases on billions of dollars in Chinese goods, paving the way for them to go into effect in two weeks.
DSV Buys DB Schenker for $15.9B, Creating Logistics Giant
DSV, founded by 10 Danish truckers in the 1970s, has grown through a string of acquisitions in the fragmented transport industry, including buying targets that were larger than itself.
Automakers Urge EU to Delay Stricter Emissions Mandates
The European Union should use emergency regulation to delay its 2025 emissions targets for automakers, according to a draft proposition from the industry lobby seen by Bloomberg.
Ex-Yellow CEO to Lead Intermodal Chassis Pool Operator
Darren Hawkins, who was at the helm of bankrupt less-than-truckload carrier Yellow Corp., will soon lead the North American Chassis Pool Cooperative.
Amazon to Boost Contract Driver Pay to Nearly $22 an Hour
Amazon.com Inc. plans to spend an additional $2.1 billion on its contract delivery program, including safety programs, training and additional pay for the contracting firms.
Presidential Candidates Emphasize Energy Policies
The two major presidential candidates outlined divergent viewpoints for the future of the nation’s energy sector during their first debate on Sept. 10.
August US Class 8 Retail Sales Fall 11.4% Year Over Year
U.S. Class 8 retail sales fell year over year in August, resuming a pattern after an anomalous July saw a first increase in 11 consecutive months.
Kroger Ups Full-Year Sales Forecast on Grocery Spending
Kroger Co. lifted its full-year sales guidance as the grocery-store operator benefits from consumers prioritizing spending on groceries and other essentials.
FMC Chairman Breaks Down Post-Pandemic Supply Chain
FMC Chairman Daniel Maffei said the COVID-19 pandemic brought heightened awareness to supply chain issues and revealed what was working — and what wasn’t — across global shipping lanes.
Industry Leaders Praise FLOW for Improving Freight Predictions
The transportation sector can better forecast freight trends when companies share information, according to stakeholders of an initiative aimed at facilitating that exchange.