Business

About Business News...

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.

Government, Business, Safety

Transportation Panels Pursue Climate, Clean Energy Priorities in $3.5 Trillion Budget

House Speaker Nancy Pelosi is urging Democrats to unify in support of a $3.5 trillion budget proposal that would help advance President Joe Biden’s domestic agenda, including social aid programs and climate change policies.

Eugene Mulero | Senior Reporter
August 19, 2021
Government, Business

Workers at Mexico GM Plant Oust Union

MEXICO CITY — Workers at a General Motors plant in Mexico have voted to end a collective bargaining contract negotiated by an old-guard union accused of intimidation tactics in earlier votes. It was an early display of the effectiveness of labor mechanisms negotiated under the U.S.-Mexico-Canada Trade Agreement.

August 19, 2021
Business, Logistics

Supply Chain Challenges Likely to Remain Well Into 2022

As retailers ramp up inventory for a fast-approaching holiday shopping season, experts worry that an already overextended domestic supply chain will be further tested amid overseas ports’ struggles with the COVID-19 delta variant, rising shipping prices and trucking’s persistent and growing driver shortage.

Dan Ronan | Senior Reporter
August 19, 2021
Business, Equipment, Breaking News

July Class 8 Sales Are Second-Lowest of 2021

Class 8 retail sales in July neared 17,000 and improved 16.3% compared with a year earlier, but landed at the year’s second-lowest level, WardsAuto .com reported.

Roger Gilroy | Senior Reporter
August 19, 2021
Government, Business, Technology

Senate Democrats Ask for Taiwan’s Help With Chip Shortage

Three Democratic senators are asking the Taiwanese government to help the U.S. with a chip shortage that has idled auto plants and sent workers packing throughout the industry as the global economy struggles to recover from the COVID-19 pandemic.

Daniel Flatley | Bloomberg News
August 19, 2021
Business, Equipment, Safety

ATRI Seeks Driver Input on Job Motivations, Satisfaction

The American Transportation Research Institute announced Aug. 18 that it has launched a data collection initiative to better understand drivers’ job motivations.

Eleanor Lamb | Staff Reporter
August 19, 2021
Business, Technology, Equipment

Toyota Cuts Show Chip Shortage Ravages Even Best Supply Planners

Toyota Motor Corp.’s efforts to stockpile enough chips and other key components to ride out supply disruptions only protected the company so long before it too succumbed to the shortages eviscerating automakers.

August 19, 2021
Government, Business

Jobless Claims Hit a Pandemic Low as Hiring Strengthens

WASHINGTON — The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low, the latest sign that America’s job market is rebounding from the pandemic recession as employers boost hiring to meet a surge in consumer demand.

Paul Wiseman | Associated Press
August 19, 2021
Business, Equipment

July US Trailer Orders Hit Lowest Level of 2021, FTR Reports

U.S. trailer orders in July slid some more, barely clearing 8,000 units and setting a new low point of this cycle, FTR reported.

Roger Gilroy | Senior Reporter
August 19, 2021
Business, Logistics

Just as Things Look Better for Retail, Amazon Rears Its Head

News of Amazon .com Inc.’s department store plans sent a shudder through retail stocks just as some of the biggest names in the industry were reporting robust earnings, a signal that new challenges await in the beleaguered sector.

Jonathan Roeder | Bloomberg News
August 19, 2021