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.
Exxon’s Gulf Coast Carbon Hub Gains Support of Energy Titans
An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and chemical manufacturers.
Ford Expands Electric-Truck Factory in Michigan as Demand Surges
Ford Motor Co. is spending $250 million to expand its new factory producing the battery-powered F-150 Lightning as demand surges for the pickup truck, which goes on sale next year.
J.J. Keller Launches VideoProtects Service for Geotab Users
Fleet safety and regulatory compliance firm J.J. Keller & Associates Inc. has introduced its VideoProtects video monitoring service for companies using Geotab’s connected-vehicle technology.
Electrification Key to FedEx’s Energy Goals, Executive Says
With industries considering adopting zero-emission sustainability operations in the coming years, a senior executive at FedEx Express recently outlined the company’s objectives related to electrifying vehicles.
Congressional Funding Leaders Pursue Emergency Disaster Relief
The top Democrat in the U.S. Senate recently affirmed the chamber’s goal of advancing funding legislation for the federal government by the end of the month that would include disaster relief aid.
Chevron CEO Warns of High Energy Prices, Supply Crunches
The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.
Sustained Economic Recovery Ahead, Transportation Economist Predicts
GRAPEVINE, Texas — Transportation economist Donald Broughton said that the U.S. and trucking are in the early stages of a long, sustained, robust economic recovery as the country comes out of the COVID-19 pandemic.
Ship Owner Says Commodity Freight Rates Close to Going Parabolic
An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring an unprecedented surge in costs for transporting manufactured goods.
Cargill to Pay Growers for Carbon-Friendly Farming Methods
Commodity superpower Cargill Inc. is starting to pay American farmers to adopt growing practices that boost soil health and trap carbon.
Retail Sales Unexpectedly Jump in Sign of Resilient Demand
U.S. retail sales rose unexpectedly in August as a pickup in purchases across most categories more than offset weakness at auto dealers, showing resilient consumer demand for merchandise.