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.
John Kerry: Carbon Capture ‘Key Tool’ to Curb Factory Emissions
Carbon capture is emerging as a key strategy for curbing greenhouse-gas emissions from heavy industry, according to U.S. climate envoy John Kerry.
US Industrial Production, Factory Output Climb in May
Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May.
June 15, 2021Forward Air Expands LTL Service in Washington
Forward Air Corp. will expand its expedited less-than-truckload service into Spokane, Wash., the company announced June 14.
June 15, 2021GM’s Cruise Unit Starts Preproduction on Autonomous Shuttle
Cruise, the self-driving-car unit majority-owned by General Motors Co., has started preproduction on its purpose-built battery-electric autonomous shuttle and boosted its access to cash.
GM, Wabtec Agree to Make Electric and Hydrogen-Powered Trains
General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said June 15.
US Retail Sales Drop, Hinting at Shift to Spending on Services
U.S. retail sales declined in May, after a stimulus-related splurge in the prior two months, suggesting consumers are starting to shift more of their spending to services as the economy reopens.
Institute for Supply Management Names Four R. Gene Richter Scholarship Winners
The Institute for Supply Management announced four recipients of the R. Gene Richter Scholarship.
June 15, 2021Diesel Average Is Up 1.2¢ in Seventh Consecutive Increase
The nationwide average price of diesel fuel increased by 1.2 cents over the past week to $3.286 a gallon, according to data released June 14 by the Energy Information Administration.
June 14, 2021Wreaths Across America Gears Up for 2021 Event
Six months removed from scaling back due to the coronavirus pandemic, the annual Wreaths Across America nationwide remembrance for the nation’s fallen military is working toward a return to full-scale operations this December.
Concerns Mount Over CN, KCS Rail Merger as Timetable Set for Regulatory Review
The Surface Transportation Board is taking public comments until June 28 on the proposed multibillion dollar merger of Class I freight rail companies Canadian National and Kansas City Southern.