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.
VW’s Traton Flags Significant Sales Hit From Chip Shortage
Volkswagen AG’s truck division Traton SE became the latest manufacturer to warn the global shortage of semiconductors is jeopardizing deliveries.
Spec’ing Means Choosing What’s Best for Your Application, Experts Say
CLEVELAND — Spec’ing a new truck means you’ll need to consider options, metrics and features in light of your own needs, experts said.
House Passes Debt Limit Suspension, Sets Up Standoff in Senate
The Democratic-controlled House passed a bill that would suspend the U.S. debt ceiling into December 2022 and provide the government funding to operate past Sept. 30. Republicans have vowed to block it when it reaches the Senate over the debt limit provision.
FedEx Revenue Rises, but Higher Labor Costs Affect Bottom Line
FedEx Corp. reported an increase in revenue for its fiscal first quarter, but said rising costs affected bottom-line results for the period.
House Democrats Risk Rift by Teeing Up Infrastructure Vote First
House Democratic leaders plan a Sept. 27 vote on the Senate-passed infrastructure bill, a move that risks deepening divisions in their caucus and dooming President Joe Biden’s economic agenda.
Bendix AD-HFi Air Dryer Available to Order
Bendix Commercial Vehicle Systems announced its new Bendix AD-HFi air dryer is available for order through several major North American commercial vehicle manufacturers.
September 21, 2021August Truck Tonnage Posts First Monthly Gain Since March
Truck tonnage in August notched its first sequential monthly gain in five months, and dipped just slightly on a year-over-year basis, American Trucking Associations said.
Trimble Adds Maintenance Software Integration
Trimble Transportation announced new integrations for its TMT Fleet Maintenance software.
September 21, 2021OPEC+ Can Proceed With Reviving Supply, Key Members Say
OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.
September 21, 2021ConocoPhillips Says Shell Deal Cuts Emissions Per Barrel of Oil
ConocoPhillips’ $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost oil production and, inevitably, greenhouse gas emissions as well. Yet the company says the pact will actually allow it to reach one of its climate goals faster.