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.

Business, Technology, Safety

Amazon Lottery Offers Vaccinated Workers Cars, $500,000 Cash

Amazon.com Inc. will offer cash prizes of as much as $500,000 as well as cars and vacation packages to frontline employees who can prove they have been vaccinated against COVID-19.

Matt Day | Bloomberg News
August 9, 2021
Government, Business, Technology, Equipment

Nikola’s Indicted Ex-Chairman Milton Sells $77 Million of Stock

Nikola Corp. founder and former chairman Trevor Milton raised about $77 million selling shares in the electric truck manufacturer, days after pleading not guilty to charges he misled investors to hype the stock.

August 9, 2021
Government, Business, Safety

Infrastructure Bill Moves Closer to Senate Passage After Delays

The U.S. Senate moved closer to passing a $550 billion infrastructure package after a drawn-out debate that pushed action into this week and left the status of several proposed changes unsettled.

August 9, 2021
Business, Equipment, Logistics

Americold Swings to Q2 Loss

Refrigerated warehouse operator Americold Realty Trust saw revenue rise in the second quarter but swung to a loss for the period because of disruptions in the global food supply chain.

Jerry Hirsch | Contributing Writer
August 6, 2021
Business, Safety, Logistics

Amazon Tells Warehouse Workers to Mask Up Again

Amazon .com Inc. is ordering frontline U.S. employees to resume wearing masks at work regardless of vaccination status, joining the ranks of companies ramping up precautions in response to the spread of the COVID-19 delta variant.

Matt Day | Bloomberg News
August 6, 2021
Government, Business, Technology, Fuel

Trevor Milton Hires Lawyers Who Defended Elon Musk

Trevor Milton has more in common with Elon Musk than starting a prominent electric vehicle company named after inventor Nikola Tesla. He’s now hired the same lawyers to defend him.

Bre Bradham | Bloomberg News
August 6, 2021
Government, Business, Technology, Equipment, Safety, Fuel

EPA to Update NOx, Greenhouse Gas Emissions Standards

The Environmental Protection Agency on Aug. 5 announced plans to reduce greenhouse gas emissions and other harmful air pollutants from heavy-duty trucks in a series of major rulemakings over the next three years.

Eric Miller | Senior Reporter
August 6, 2021
Business, Logistics, TCA

Prologis Buys Lot Near Philadelphia Airport for $45 Million

PHILADELPHIA — A popular parking lot near Philadelphia International Airport has been snapped up for $45 million by Prologis, a real estate giant that specializes in leasing space to retail, e-commerce and logistics businesses, according to the firm that brokered the deal.

Catherine Dunn | The Philadelphia Inquirer
August 6, 2021
Government, Business

Senators Struggle to Amend, Finish Infrastructure Bill

WASHINGTON — Nearing decision time, senators were struggling to wrap up work on the bipartisan infrastructure plan despite hopes to expedite consideration and voting on the nearly $1 trillion proposal.

Kevin Freking and Lisa Mascaro | Associated Press
August 6, 2021
Government, Business

US Added 943,000 Jobs in July

WASHINGTON — Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4% as the U.S. economy continues to bounce back from last year’s coronavirus shutdown.

Paul Wiseman | Associated Press
August 6, 2021