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.
Schumer Wants Senate Votes Soon on Biden’s Agenda
WASHINGTON — Senate Majority Leader Chuck Schumer said July 9 he wants his chamber to vote on pivotal budget and infrastructure legislation before lawmakers break for their August recess, and warned he may delay that summer break to allow more time for work on President Joe Biden’s top domestic goals.
XPO Logistics Introduces New Benefits for Driver Trainees
XPO Logistics introduced new benefits for participants in its driver training programs, the company announced July 8.
July 9, 2021High Demand, Rising Component Costs Put Pressure on Trailer Production
Fleets looking to order new box trailers this fall — particularly dry van or refrigerated units — may be in for some sticker shock and a long wait.
Geodis Expands Freight Brokerage Capacity With Velocity Acquisition
Geodis has reached an agreement to acquire all assets of Velocity Freight Transport, the supply chain operator announced July 6.
July 9, 2021Kansas Details Plans for Six Highway Projects
A list of six highway projects announced this week by Gov. Laura Kelly includes three projects to repair and upgrade U.S. 50 in the Harvey County area.
EU Plans Phaseout of Combustion Engine Era
The European Union is set to propose a switch to zero-emission vehicles and boost its renewable energy target in an unprecedented push to align its economy with more ambitious climate targets.
July 9, 2021Stellantis Says 98% of Models to Be Electric or Hybrid by 2025
Stellantis CEO Carlos Tavares said that by 2025, 98% of its models in Europe and North America will have fully electric or plug-in gas-electric hybrid versions.
Business Groups, Unions Join Together on Infrastructure Plan
WASHINGTON — Major business and union groups have formed a new coalition designed to add momentum for a $1.2 trillion infrastructure package that the Senate is expected to take up this month.
Federal Leaders Host Roundtable With Trucking Executives
Federal officials met with trucking industry representatives to discuss driver retention and supply chain issues July 8.
Thousands of Railcars Stuck After Canadian Wildfires
Thousands of railcars loaded with grain are idled in the Vancouver corridor after Western Canadian wildfires damaged two main lines, while repairs enable a small but rising number to reach the country’s biggest port.