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.
Resilient Shoppers Push Retail Sales Up 0.7% in September
NEW YORK — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.
RMT Trucking's Sanders Named Chair of Colorado Motor Carriers Association
Walt Sanders, president of RMT Trucking Inc., was named the Colorado Motor Carriers Association’s chairperson of the board for the upcoming year.
October 15, 2021Containership Traffic Jam in Southeast Asia Worst Since April
Typhoon Kompasu has resulted in the worst container shipping traffic jam in months, one that now stretches throughout Southeast Asia and may take weeks to unravel.
Taiwan Chipmaker Plans Plant in Japan, Says Shortages Easing
Taiwan Semiconductor Manufacturing Corp. has confirmed it is planning to build a computer chip factory in Japan.
October 15, 2021CFI Celebrates 70 Years in Business
CFI marked seven decades in business Oct. 1 and held a ceremony the week prior to commemorate the anniversary at its headquarters in Joplin, Mo.
October 15, 2021White House Targets Economic Risks From Climate Change
WASHINGTON — The Biden administration is taking steps to address the economic risks from climate change, issuing a 40-page report Oct. 15 on governmentwide plans to protect the financial, insurance and housing markets and the savings of American families.
Crunch Time at Southern California Ports as Black Friday Nears
One day after announcing the Port of Los Angeles will begin operating 24/7, port officials said they were working feverishly to get ready for what promises to be a busy stretch.
In Reconciliation, Progressives Tout Climate Investments Amid GOP Pushback
As Democrats work on a revised multitrillion-dollar budget package, Republican transportation leaders have ramped up their criticism of congressional leaders and the Biden administration.
UK May Ease Curbs on Foreign Trucks
The British government is considering suspending restrictions on the number of drop-offs that foreign truck drivers can make on trips to the U.K. in an effort to ease the country’s supply chain problems.
Dems Scrutinize Abandoned Offshore Oil Equipment
House Democrats began making the case Oct. 14 for stricter regulation of thousands of abandoned wells, platforms and pipelines off the U.S. coasts following one of the biggest offshore spills in California in nearly 30 years.
October 14, 2021