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.
Grant Approved for Norfolk Terminal Rail Expansion
Virginia's Commonwealth Transportation Board recently approved a $450,000 grant for Norfolk Terminal LP that will be used to improve goods movement at the facility.
Foreign Chipmakers Could Get Funding Aid, Raimondo Says
President Joe Biden will ultimately decide whether foreign chip producers will receive some of the $52 billion in funding planned to help ease the shortage that has hammered manufacturing, Commerce Secretary Gina Raimondo said.
Pilot Rewards 40-Year Driver With Custom Peterbilt Truck
Pilot Co. recently recognized one of its longtime drivers with a custom-made Peterbilt truck.
July 28, 2021Carriers Must Look Beyond Pay to Attract Drivers, Data Shows
Trucking companies are increasingly raising pay to combat driver capacity issues, but in this highly competitive environment that alone may not be enough.
At Mack Trucks Plant, Biden Promotes Manufacturing
MACUNGIE, Pa. — President Joe Biden pledged to increase investments in American companies and workforce training during a visit to the Mack Lehigh Valley Operations facility July 28. The trip anchored the White House’s “Made in America Week” campaign.
Federal Judge Dismisses Charges Against Former Pilot Flying J Executives
A federal judge on July 28 granted a request by federal prosecutors to dismiss criminal charges against former Pilot Flying J President Mark Hazelwood and two other former company executives, all of whom were scheduled to be retried early next year on charges related to a massive diesel fuel rebate scheme.
UPS Freight Purchase Powers TFI to Q2 Gains
TFI International reported large gains in second-quarter net income and revenue, helped by its acquisition of the UPS Freight operation.
US Senate Transportation Policymakers Press for Pipeline Security
The leaders of the U.S. Senate’s freight committee called on the Biden administration, congressional colleagues and private industry stakeholders to enhance security operations following the cyberattack on Colonial Pipeline.
ATA, Freight Stakeholders Push Back on US Senate’s PRO Act
Freight stakeholders are voicing opposition to a bill currently being debated in the U.S. Senate that aims to make changes to federal classification for workers.
Federal Prosecutors Seek to Dismiss Charges Against Pilot Flying J Executives
Federal prosecutors have asked a federal judge to dismiss criminal charges against former Pilot Flying J President Mark Hazelwood and two other former company executives, all of whom were scheduled to be retried early next year on charges related to a massive diesel fuel rebate scheme.