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.
Heartland Express Reports Q2 Revenue Loss but Income Gains
Heartland Express saw overall financial gains despite a drop in revenue during the second quarter, the company reported July 19.
Research Could Provide Window Into Driver Shortage
The aging trucker workforce and industrywide shortage of drivers present complex issues that could be explored with further research, according to a trucking safety committee.
UK Has Its Own Truck Driver Shortage
A shortage of truck drivers, exacerbated by Brexit and COVID, is pushing up delivery costs and leading to empty shelves in stores.
Astronaut Pete? Buttigieg is Game
Transportation Secretary Pete Buttigieg was excited to see Jeff Bezos’ blastoff into space July 20, describing space travel as a clear trend for the future. It’s a trip he would love to take himself, even if he doesn’t think it will happen in the foreseeable future.
Infrastructure Deal in Peril as GOP Threatens Filibuster
WASHINGTON — The bipartisan infrastructure deal senators brokered with President Joe Biden is hanging precariously ahead of a crucial July 21 test vote as senators struggle over how to pay for nearly $1 trillion in public works spending.
Chip Relief on Horizon for Vehicle Makers
Biden administration officials say they’re starting to see signs of relief for the global semiconductor supply shortage, including commitments from manufacturers to make more automotive-grade chips for car companies that have had to idle production.
Driver Shortage Linked to Lifestyle Considerations, Costello Says
The persistent truck driver shortage is a complicated issue that is tied in part to quality-of-life considerations, according to American Trucking Associations Chief Economist Bob Costello.
J.B. Hunt Reports $2.91B Revenue for Q2
J.B. Hunt Transport Services Inc. reported gains in profit and revenue for the second quarter of 2021.
DeFazio Blasts Bipartisan Senate Infrastructure Plan
Rep. Peter DeFazio, the Democratic chairman of the House Transportation and Infrastructure Committee, blasted the Senate’s bipartisan infrastructure deal, saying there are “extraordinary deficiencies” in the plan that is backed by President Joe Biden.
BHP Mulls Oil Exit in Retreat From Fossil Fuels
BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter.
July 20, 2021