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.
Navistar Launches Redesigned International MV Series
Navistar Inc. announced the launch of the redesigned International MV Series, calling it a reimagining of its Classes 6-7 vocational vehicle that focuses on increased maneuverability, visibility and safety.
Trucking Defense Lawyers Confront Jury Attitudes About Fleets, Drivers
Legal experts and researchers say juries generally carry negative attitudes about corporate America — and the trucking industry specifically — into the courtroom, making motor carriers susceptible to strategies that plaintiff attorneys employ to steer jurors toward sky-high “nuclear” judgments against fleets.
Walmart Stokes Hiring Rush With Plan to Add 150,000 Jobs
Walmart Inc. is expanding its hiring push with plans to recruit 150,000 store employees, adding to U.S. employers’ search for new workers as the busy holiday season approaches.
Electric Vans Roll Off Line That Once Made Gas-Guzzling Hummers
When the first snub-nosed, electric van rolled off the assembly line Sept. 28 at the Electric Last Mile Solutions Inc. plant in Mishawaka, Ind., it was a proud moment for the company’s co-founder and CEO, Jim Taylor. The van, one in a run of 1,000 scheduled for this year, is among the first of its kind in the U.S. market: a fully electric, light-duty vehicle meant for delivery workers, contractors and other commercial fleets.
Loadsmart, Home Depot Launch Supply-Led Platform for Flatbed
Loadsmart launched a platform in partnership with The Home Depot that helps facilitate flatbed backhauls by focusing on supply, the companies announced Sept. 29.
Silicon Valley Answer to the EV Question Calls for Less Silicon
As automakers scramble to make electric vehicles with longer ranges and speedier charging times, the chip industry has a message for them: You’re doing it wrong.
Inflation Is Seen Pushing Online Holiday Sales to $1.2 Trillion
Online shoppers will be buying less this holiday season, but spending more.
Big Pressure on Biden, Dems to Trim $3.5T Federal Overhaul
WASHINGTON — Pressure mounting, President Joe Biden and Democrats in Congress strained Sept. 28 to trim back his $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes.
Lucid to Deliver 520-Mile Electric Sedan in October
Lucid Group Inc. has started production on its debut electric consumer car, with deliveries to begin at the end of October.
Yellen Warns Delay in Raising Debt Limit Will Slow Economy
WASHINGTON — Treasury Secretary Janet Yellen sounded an urgent call Sept. 28 for Congress to raise the government’s borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so.