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.
Port Leaders Warn of Supply Chain Challenges as Holidays Near
AUSTIN, Texas — The leader of one of the nation’s busiest seaports said the next several months will severely challenge an already overtaxed supply chain, and the situation has reached a “crisis” level.
Transportation Stakeholders Focus on Potential Legislative Changes
Federal lawmakers are working on numerous regulatory and legislative changes that could impact transportation, experts highlighted Sept. 29 at the Coyote Logistics Digital Summit.
FMCSA Advised to Give Drivers 90 Days to Replace Recalled CPAP Devices
A medical advisory board to the Federal Motor Carrier Safety Administration has recommended that medical examiners be permitted to offer truck drivers alternative treatment options to sleep apnea machines that are subject to a massive recall.
Lordstown to Sell Ohio Plant to Foxconn in $280 Million Deal
Lordstown Motors Corp. agreed to partner with Foxconn Technology Group in a $280 million deal that has the startup selling its former General Motors Co. factory in Ohio to the Taiwanese company in exchange for cash and an equity investment.
Lawmakers, Stakeholders Press for Port Infrastructure Funds
WASHINGTON — Funding included in a $3.5 trillion budget bill meant to improve conditions at the country’s commercial ports is backed by congressional transportation leaders, the Biden administration and industry stakeholders.
New EV Charger Can Provide 62 Miles of Range in 3 Minutes
ABB Ltd. is preparing to roll out the first of its ultra-fast charging stations in a matter of weeks, providing enough power in less than three minutes to charge any electric car to drive 62 miles.
Car Sales Drop as Chip Shortages Stymie Buyers
After sounding an optimistic note in the first half of the year as soaring car prices padded their profits, auto executives have become more resigned to supply chain headaches after recent COVID-19 outbreaks in Malaysia hampered semiconductor production.
Capitol Cliffhanger: Federal Funding, Infrastructure Bill Decisions Due
WASHINGTON — His government overhaul plans at stake, President Joe Biden appeared unable to swiftly strike agreement with two wavering Democratic senators trying to trim back his potentially historic $3.5 trillion measure that will collapse without their support.
What Q4 and Beyond Have in Store for Transportation
The outlook for transportation and logistics in the fourth quarter focuses on the lingering effects of the coronavirus pandemic as well as the impending shopping season.
Soldiers Will Haul Fuel to Ease UK Crisis
LONDON — The British government’s reserve tanker fleet was being deployed Sept. 29 to help deliver gasoline to empty pumps across the U.K., and military drivers will begin operating tankers in the coming days to ease the country’s fuel supply crisis, a top official said.