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.
Gain in Retail Sales Underscores Solid, Steady Consumer Activity
U.S. retail sales rose unexpectedly in June, reflecting fairly broad gains across spending categories and wrapping up a solid quarter for household demand.
Factory Output Dips 0.1% in June on Auto Chip Shortage
WASHINGTON — U.S. factory output slid last month as a shortage of computer chips disrupted auto production.
Marten Transport Reports Record Q2 Financial Results
Marten Transport on July 15 reported the highest operating revenue and income in its history for the second quarter.
Freight Policy Bill on US Senate’s Infrastructure Agenda
WASHINGTON — Policy updates and funding related to federal freight programs are being considered as part of a multitrillion dollar infrastructure bill U.S. Senate leaders plan to weigh next week.
Werner’s 2018 Appeal of $89.7M Jury Verdict Still Awaiting Decision
An appeal of one of the largest accident verdicts in history against a motor carrier has been languishing for nearly three years in a Texas appellate court while justices who heard the arguments retired before a decision.
Economy, Trucking Industry Roar Back
Economic indicators and forecasts from economists show trucking and the U.S. economy are in the midst of a strong recovery, though concerns remain about the persistent shortage of drivers and supply chain delays.
Uber Freight Announces LTL Expansion
Uber Freight has expanded beyond truckload services and is now also offering shippers options for less-than-truckload, the company announced July 15.
Self-Driving Startup Aurora Set to Go Public
Driverless technology startup Aurora Innovation Inc. has agreed to go public via a merger with Reinvent Technology Partners Y, a blank-check firm led by executives including LinkedIn co-founder Reid Hoffman and Zynga Inc. founder Mark Pincus.
Decision on Ballpark at Port of Oakland Nears Crucial Stage
Whether the Oakland Athletics build a new stadium inside the Port of Oakland facility, along the waterfront at the abandoned Howard Terminal, must be voted on soon, Major League Baseball Commissioner Rob Manfred said.
Daimler Profit Trounces Estimates as Shortages Lift Prices
Daimler AG posted far higher earnings than analysts expected by joining peers in commanding better pricing for vehicles in the midst of the global semiconductor shortage.