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.
Kentucky Leaders Approve Funds to Help Freight Movement at River Ports
In order to facilitate freight movement, Kentucky Gov. Andy Beshear announced $500,000 in grants to support critical repair and equipment replacement efforts at five river ports.
KCS Performance Slips in Q2 Amid Planned CN Merger
Kansas City Southern, the Class I freight railroad much sought-after by two Canadian rivals, reported a second-quarter loss stemming in part from costs related to its impending merger.
Sunbelt Rentals Orders Peterbilt’s 579EV Class 8 Model
Peterbilt Motors Co. announced an order from Sunbelt Rentals for five of its heavy-duty battery-electric Model 579EVs intended to deliver rental machinery.
July 16, 2021US Clashes With Mexico, Canada on Car Rules in Risk to USMCA
The U.S. is clashing with Mexico and Canada over rules for cars shipped across regional borders, with automakers and governments telling the Biden administration that it’s imperiling the success of their new trade pact.
Rivian to Delay Production on Supply Chain Woes
Rivian Automotive Inc., the electric pickup maker backed by Amazon .com Inc., is pushing back to September its plans to start production of its debut vehicle, which was supposed to begin this month.
Federal Officials Tackle Congestion at Ports
A group of federal transportation representatives held a roundtable discussion with local leaders and supply chain executives July 15 to discuss congestion at the ports of Los Angeles and Long Beach.
Some States Slow to Transmit Driver Convictions to Regulators
A new Department of Transportation Inspector General audit criticized states for too often failing to transmit driver electronic conviction notifications in a timely manner to federal regulators.
DOT Officials Offer Overview of Automated Vehicle Testing
Commercial trucking operations are included in the slew of connected and automated vehicle testing activities the federal government is currently pursuing.
Werner Enterprises Opens New Pennsylvania Terminal
Werner Enterprises opened a new terminal located in Lehigh Valley, Pa., the company announced July 12.
July 16, 2021FedEx to Invest $100 Million in Logistics Company in India
FedEx Express Corp. on July 16 said it has entered into equity and commercial agreements with Delhivery, a logistics and supply chain services company in India, which will utilize their combined strengths to unlock India’s international trade potential.