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.
Connecticut Lawmakers Push Through New Tax on Trucks
The Connecticut General Assembly approved a bill that would impose a highway use fee on heavy commercial trucks.
J.B. Hunt, Waymo Partner to Test Self-Driving Trucks in Texas
J.B. Hunt Transport Services has partnered with autonomous vehicle developer Waymo to move freight with self-driving trucks in Texas.
Keystone Pipeline Canceled After Biden Had Blocked Permit
BILLINGS, Mont. — The sponsor of the Keystone XL crude oil pipeline said June 9 it is pulling the plug on the contentious project after Canadian officials failed to persuade President Joe Biden to reverse his cancellation of its permit on the day he took office.
Supply Chain to Remain Backed Up Until 2022, Experts Say
Imported cargo shipments to the U.S. are expected to remain at a record or near-record levels for several more months as consumer spending continues to restart the pandemic-damaged economy. But industry experts say all of that buying is clogging an already overtaxed supply chain.
Romney, Senators Map Rival Infrastructure Plan With No Tax Hikes
The Biden administration is expecting a new infrastructure proposal this week from a bipartisan group of lawmakers, but those legislators are moving forward without any of the tax hikes the president has demanded to pay for his plan.
June 9, 2021Ryan Streblow Named President of National Tank Truck Carriers
National Tank Truck Carriers has announced that Ryan Streblow, previously executive vice president of NTTC, has been named the organization’s president and CEO.
June 9, 2021Lawmakers Chide Colonial Pipeline for Weak Cybersecurity
U.S. lawmakers criticized Colonial Pipeline Co.’s cybersecurity practices as the company’s CEO faced his second day of questioning on Capitol Hill.
June 9, 2021DHL System Helps Shippers Balance Costs and Sustainability
DHL Supply Chain has developed a program that is designed to help shippers select carriers that are aligned with their environmental goals.
Top Maritime Regulator Sees Shipping Snarls Lasting to 2022
The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs.
XPO Says GXO Spinoff Should Be Completed by Q3
XPO Logistics has moved up the potential timeline to complete a spinoff of its logistics operations into a separate company, and also has provided updated financial guidance that forecasts strong growth for the planned independent company.