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.
August 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.
Stellantis Loses Former FCA CEO Manley to AutoNation
MILAN — PSA Peugeot’s takeover of Fiat Chrysler to form the world’s fourth-largest carmaker has had its first executive casualty, with former Fiat Chrysler CEO Mike Manley stepping down from his role as head of the Americas.
Maersk Is Heading for Biggest Profit in Danish History
A.P. Moller-Maersk A/S is heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country, Denmark.
FedEx Sets Rate Increase, Cites Challenging Operating Environment
FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a “challenging operating environment.”
Medium-Duty Sales Fall 6.5% in August for Second-Lowest Month of 2021
Medium-duty U.S. retail sales in August just cleared 18,000 but were the second-lowest of 2021 after February’s bottom of 17,580, WardsAuto.com reported.
GM Says Production Starts on Replacement Batteries for Bolts
General Motors said Sept. 20 that production has resumed for battery modules used in recalled Chevrolet Bolt electric vehicles, and customers could start getting replacement parts by mid-October.
Shell’s Storm Damage Pinches One-Sixth of Gulf Oil
Royal Dutch Shell Plc warned that production from two of its largest Gulf of Mexico fields won’t resume until next year after Hurricane Ida inflicted “significant structural damage.”