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.
Oil Tops $70 a Barrel for First Time Since 2019
Oil resumed its advance, reaching the highest settlement in more than two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air.
June 1, 2021Shell, Penske Collaborate on Emission-Reduction Plan
Shell Oil Co. and Penske Corp. are collaborating to help drive decarbonization and sustainability, the companies announced May 28.
Exceed consumer expectations through optimized last mile logistics
Now, more than ever, transportation networks need to be reevaluated to capture demand and meet consumer needs. Omnitracs can help you find areas of improvement and adapt quickly. Read “Logistics in the Last Mile” to find out more.
June 1, 2021Retaining Drivers for the Long Haul: 4 Strategies to Implement at Your Fleet
Many fleet professionals think high driver turnover is an inherent, time-consuming challenge of the trucking industry, but—though it may sound hard to believe—any fleet can reduce their driver turnover with a few key steps. There are four proven strategies for engaging drivers and increasing retention any fleet can implement today.
June 1, 2021Load Board Operators Streamline Processes Using Automation, Artificial Intelligence
Load board operators, logistics companies and technology vendors are increasingly utilizing improved data analytics, artificial intelligence and business-process automation to more efficiently connect loads with trucks to move them.
Biden, Capito to Meet as Infrastructure Deadline Looms
WASHINGTON — President Joe Biden is set to meet June 2 with West Virginia Sen. Shelley Moore Capito, the top Republican negotiator on infrastructure as the administration signals time is running out to strike a bipartisan deal on the White House’s big investment proposal and top legislative priority.
Former Rep. Loretta Sanchez Joins UTI Board
Universal Technical Institute announced the appointment of former U.S. Rep. Loretta Sanchez (D-Calif.) to serve on its board of directors.
June 1, 2021Volvo Shareholders to Get $2.3 Billion Payout From UD Truck Sale
Volvo Group shareholders are in line for a big payout, with the truck maker planning to pass along all of the proceeds from the sale of a Japanese business earlier this year.
Walmart Recognizes Baylor Trucking as Diversity Carrier of the Year
Baylor Trucking was recognized by Walmart as the 2021 Diversity Carrier of the Year, the family-owned truckload carrier announced last month.
June 1, 2021Meat Plant Shutdowns Spreading After Cyberattack on JBS
A cyberattack on JBS SA, the world’s largest meat producer, has forced the shutdown of some of the largest slaughterhouses globally, and there are signs that the closures are spreading.
June 1, 2021