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.
Holiday Shopping Season Will Test Supply Chain, Experts Say
With shoppers already starting to purchase gifts and other items earlier than usual for the upcoming holiday season, concerns are growing that the already strained international supply chain will not be able to handle the crush of goods.
White House Restoring Environmental Reviews Trump Nixed
WASHINGTON — In the latest reversal of a Trump-era environmental rollback, President Joe Biden is restoring federal regulations guiding environmental reviews of major infrastructure projects such as highways and pipelines. The reviews were scaled back by the Trump administration in a bid to fast-track the projects.
GM Vows to Surpass Tesla in Electric Vehicle Sales
WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road.
Netradyne Updates Processing Power of Driver Safety System
Netradyne updated its driver safety system with new features and an improved processor to better manage real-time data, the company announced Oct. 6.
GXO, Abercrombie & Fitch to Open Automated Distribution Center
GXO Logistics and Abercrombie & Fitch Co. announced an agreement Oct. 6 to open a new distribution center that will blend traditional staffing with automation.
Volvo Wins Biggest Electric Truck Order
Volvo Trucks announced DFDS, one of Europe’s largest shipping and logistics companies, placed an order for 100 Volvo FM series electric trucks, and noted it is the truck maker’s largest such order and one of the largest of its type yet in trucking.
In Budget Turning Point, Biden Conceding Smaller Price Tag
WASHINGTON — President Joe Biden and congressional Democrats’ push for a 10-year, $3.5 trillion package of social and environmental initiatives has reached a turning point, with the president repeatedly conceding that the measure will be considerably smaller and pivotal lawmakers flashing potential signs of flexibility.
US Companies Add Most Jobs in Three Months, ADP Data Shows
U.S. companies added more jobs than forecast in September, the most since June, suggesting that ongoing hiring challenges are beginning to ease as more Americans return to the workforce.
Louisiana Gains Emergency Federal Funds, Rural Assistance
President Joe Biden recently enacted a government funding bill that provides nearly $30 billion in emergency aid to assist Louisiana and the nearby region that are still recovering from Hurricane Ida.
Senior House Democrats Press for FEMA, Water Infrastructure Funds
The frequency of severe weather events is contributing to disruptions across freight corridors and damages to critical infrastructure, the head of the Federal Emergency Management Agency recently told Congress.