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.
Advisory Panel Urges Federal Action on Driver Shortage
A Department of Commerce advisory group is urging federal officials to lead a widespread effort to address the nationwide shortage of truck drivers, which the panel said has “likely reached an all-time high.”
Lytx Launches Integration With Fleet Tech Providers
Video telematics company Lytx is integrating its solutions with a network of other software providers to offer customers an all-in-one fleet management platform.
Does Tesla Probe Signal a Get-Tough Era at NHTSA?
The National Highway Traffic Safety Administration’s investigation into a possible defect involving Tesla Inc.’s Autopilot may signal a more activist approach by the Biden administration to regulating technology that is crucial to the auto industry’s future.
August 17, 2021UCR Plan Officials Looking to Collect Fees From Unregistered Carriers
The board of directors for the Unified Carrier Registration Plan has approved an aggressive three-pronged strategy to identify and contact unregistered motor carriers.
Home Depot Sales Climb, but Remodeling Frenzy May Be Cooling
Home Depot’s sales continue to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly.
Eaton Develops 48-Volt Systems to Cut Emissions, Raise Fuel Efficiency
Eaton Corp. announced a series of 48-volt technologies to assist its global on- and off-highway commercial vehicle customers transitioning from traditional 12- and 24-volt vehicle systems to improve fuel efficiency and reduce emissions.
Deutsche Post to Buy Logistics Firm Hillebrand for $1.8 Billion
Deutsche Post AG has agreed to acquire German logistics company Hillebrand for about 1.5 billion euros ($1.8 billion).
Americans Spent Less in July as COVID-19 Cases Surged
NEW YORK — Americans cut back on their spending in July as a surge in COVID-19 cases kept people away from stores.
Walmart’s Slowing E-Commerce, Margin Weigh in Q2
Walmart Inc.’s pandemic-driven gains in e-commerce slowed last quarter and profit margin fell, raising questions about the retailer’s ability to maintain momentum even after it topped Wall Street’s sales expectations.
Tropical Storm Fred Makes Landfall on Florida’s Panhandle
Tropical Storm Fred crashed ashore on the Florida panhandle with powerful winds, becoming the fourth system of the 2021 hurricane season to strike the U.S.