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.
ChargePoint CEO Sees Electric Pickups Winning Over Americans
The largest vehicle charging network in the U.S. is counting on electric pickup trucks to finally win over American drivers for EVs.
Detroit Adds New Features to Suite of Safety Systems
Detroit announced it added new features to its Detroit Assurance suite of safety systems for the Freightliner Cascadia and Western Star 49X models spec’d with a Detroit powertrain.
June 4, 2021Biden Floats 15% Minimum Corporate Tax to Fund Infrastructure
President Joe Biden has pitched to Republicans the idea of a 15% minimum tax on U.S. corporations, along with strengthened IRS enforcement efforts, as a way to fund a bipartisan infrastructure package.
June 4, 2021Pete Buttigieg Cites Importance of I-40 Bridge Repair
Phase 2 of the two-part effort to repair the Interstate 40 bridge is underway, according to transportation officials.
House Democrats Unveil $547B Highway Bill Amid Biden Talks
Democratic members of the House Transportation and Infrastructure Committee on June 4 unveiled a $547 billion surface transportation reauthorization bill.
NHTSA: Truck-Involved Fatalities Down 2%
The National Highway Traffic Safety Administration reported fatalities in large truck-related crashes were down 2% in 2020 from 2019, but overall the number of on-road fatalities rose 7%.
US Adds 559,000 Jobs in May
WASHINGTON — U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.
Biden’s Infrastructure Plan Endangered by Dire Shortages
The biggest threat to President Joe Biden’s vision of energizing the U.S. economy with the largest infrastructure program in decades may not be its challenging path through Congress, but a dire shortage of everything from workers to cement mills.
New DTNA CEO John O’Leary Notes Industrywide Challenges, Strong Demand for Company's Brands
In the months since taking the CEO reins at Daimler Trucks North America, John O’Leary has watched the trucking industry deliver a response he described as “remarkable” to the unprecedented disruptions of the COVID-19 pandemic. He believes emerging opportunities and lessons learned position the industry for recovery and growth.
May Class 8 Orders Fall to 22,900
Class 8 preliminary orders for May fell to the lowest point since August, settling just below 23,000 as the industry paused amid little chance to join this year’s orders backlog, ACT Research reported, citing truck makers’ initial data.