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.
Amid Disruptions, Midwestern States Issue Regulatory Relief for Fuel Haulers
Supply chain challenges have prompted multiple states in the Midwest to extend regulatory relief to truckers who haul fuel.
Congressional Republicans, Moderate Democrats Balk at $3.5 Trillion Budget
Top congressional Republicans announced their opposition to Democratic leaders’ pursuit of a $3.5 trillion budget plan that would be considered alongside a big-ticket infrastructure package. Separately, a small group of moderate House Democrats took issue with their party’s legislative timeline.
Ports on Both Coasts Report Strong July Numbers
Imported goods continued to flood into the U.S. in July as the nation’s ports produced substantial container volumes.
FTC Should Probe Tesla Autopilot Claims, Senators Say
Two U.S. senators are urging the Federal Trade Commission to investigate whether Tesla Inc. uses deceptive marketing practices by labeling its driver-assistance systems “Autopilot” and “Full Self-Driving.”
Waymo to Build Facility in Dallas, Partner With Ryder on Maintenance
Autonomous truck developer Waymo Via announced plans to build a nine-acre facility near Dallas that will serve as a regional hub for advancing operations and service for automated Class 8 trucks.
China Port Congestion Worsens as Ningbo Shuts for a Week
The partial closure of the world’s third-busiest container port is worsening congestion at other major Chinese ports, as ships divert from Ningbo amid uncertainty over how long virus control measures in the city will last.
WTO Says Record Global Trade in Goods Might Be Nearing a Peak
Global trade in goods might be close to plateauing — albeit at a record level — amid an outlook clouded by regional imbalances and coronavirus outbreaks that slow economic activity, the World Trade Organization said.
Fred Shuts Highways With Mudslides, Floods
Tropical Depression Fred swirled over West Virginia early Aug. 18 and dumped heavy rain over the northeastern U.S., threatening to unleash mudslides and flash floods in upstate New York after closing interstate highways in the lower Appalachians. Tornado watches remained in effect for mountainous areas of Virginia and the Carolinas.
August 18, 2021KCS Delays Vote on $33.6 Billion Rail Takeover Bid
A shareholder vote on the proposed $33.6 billion acquisition of Kansas City Southern by Canadian National Railway has been delayed until Sept. 3 to provide time for government officials to rule on whether CN can operate KCS while the deal is under federal review.
July Medium-Duty Sales Clear 19,000
Medium-duty sales in July rose 6.5% to just above 19,000, with the Class 7 segment hitting its peak for the year so far, WardsAuto .com reported.