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.
Autonomous Trucks Take Off Rapidly in China’s Commercial Operations
BEIJING — Driverless trucks will help revamp the logistics and industrial sector in China, as autonomous driving technologies have taken off in the country amid the COVID-19 pandemic.
Container Crisis Gets So Bad, Coca-Cola Switches to Bulk Freight
The cost of shipping stuff in containers has gotten so out of hand that Coca-Cola Co. is switching its cargoes to vessels that are normally only used by industrial commodity traders to help keep its business running.
September Class 8 Orders Decline
North American Class 8 orders in September dropped 11.8% compared with a year earlier, ACT Research reported, as truck makers struggled to match pent-up demand amid a badly out-of-kilter supply chain and a production schedule that continues to defy typical certainty.
California’s Offshore Industry Under Fire After Oil Spill
California's worst oil spill in almost 30 years has drawn fresh scrutiny of aging offshore oil and gas infrastructure around the world, built decades ago back before fracking, horizontal drilling and shale made ocean drilling less economic.
October 5, 2021LG Energy Strikes Battery-Metal Deal With Sigma Lithium
LG Energy Solution, one of the world’s top electric-vehicle battery makers, has struck a supply deal with Sigma Lithium Corp. as demand for the metal soars.
Volvo Recalls 460,000 Cars After Air Bag-Rupture Fatality
Volvo Car AB is recalling more than 460,000 vehicles worldwide over risk an air-bag component that has bedeviled automakers for years could rupture into metal fragments and strike drivers.
Perspective: How to Retain Drivers in a Tight Field
You’ve built the best team of drivers of your career. But competitors keep trying to lure them away. So, how are you going to keep that great team of drivers intact?
Trade Deficit Hits Record $73.3 Billion in August
WASHINGTON — The U.S. trade deficit increased to a record $73.3 billion in August as a small gain in exports was swamped by a much larger increase in imports.
Shipping Industry Group Aims for Net-Zero Emissions by 2050
BERLIN — The International Maritime Organization said Oct. 5 that its members will aim for “net-zero” carbon emissions by 2050, following a commitment to the same goal by the world’s airline industry a day earlier.
October 5, 2021Many Tesla Short Sellers Are Giving Up
Tesla Inc. is inflicting more pain on short sellers, and many of them are giving up.