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.
US Recovers Millions in Ransom From Colonial Pipeline Hackers
The U.S. recovered almost all the bitcoin ransom paid to the perpetrators of the cyberattack on Colonial Pipeline Co. in May in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation’s borders.
Suddath Expands Local Moving Brand to Orlando
The Suddath Companies has expanded its recently launched MoveDay local moving brand to Orlando, the company announced June 7.
UAW Workers Reject Second Tentative Agreement With VTNA, Resume Strike
Volvo Trucks North America announced members of the United Auto Workers union at its New River Valley assembly operations in Dublin, Va., have resumed a labor strike following their rejection of a second tentative labor agreement.
CSX Plan to Buy Pan Am Railways Rejected
SPRINGFIELD, Mass. — Federal regulators recently rejected CSX’s plan to buy Pan Am Railways Inc., which operates 1,200 miles of track.
J.B. Hunt Boosts Supply Chain Inclusivity With $1 Million Scholarship Fund
J.B. Hunt Transport Services and the University of Arkansas jointly endowed a $1 million scholarship fund June 2 to advance supply chain sustainability and inclusivity.
June 7, 2021Energy Chief Jennifer Granholm Cites Risk of Cyberattacks Crippling Power Grid
WASHINGTON — Energy Secretary Jennifer Granholm on June 6 called for more public-private cooperation on cyber defenses and said U.S. adversaries already are capable of using cyber intrusions to shut down the U.S. power grid.
June 7, 2021Bosch Opens Chip Factory to Help Relieve Global Shortage
Robert Bosch GmbH opened a 1 billion euro ($1.2 billion) semiconductor chip factory that gradually should help alleviate supply constraints and herald broader efforts to make Europe less dependent on imports from Asia or the U.S.
Drivers, Fleets Become More Comfortable With Advanced Driver Assistance Systems
Advanced driver assistance systems initially encountered driver resistance, but over time have become a more widely accepted and even embraced trend as drivers realize their benefits.
Biden Rejects Higher GOP Infrastructure Offer From Capito
President Joe Biden rejected an increased infrastructure offer from a group of Senate Republicans led by Shelley Moore Capito on June 4, the White House said.
C.H. Robinson Petitions Supreme Court to Hear Negligent Hiring Case
C.H. Robinson Worldwide Inc. has asked the U.S. Supreme Court to overturn a federal appellate court decision involving a personal injury suit accusing the freight broker of negligent hiring.