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.
Biden to Meet GOP Next Week on Infrastructure After Latest Offer
President Joe Biden plans to meet with Republicans next week after a group of GOP senators pitched a fresh offer on a major new infrastructure plan that still left them over $1 trillion short of the White House’s latest proposal.
Aurora Expands Autonomous Trucking Tests in Texas
Autonomous vehicle technology developer Aurora Innovation Inc. said it plans to expand testing throughout Texas as it works toward commercializing self-driving trucks.
GOP Offers $928B on Infrastructure, Funded With COVID Aid
Republican senators outlined a $928 billion infrastructure proposal May 27 that would tap unused coronavirus aid, a counteroffer to President Joe Biden’s more sweeping plan as the two sides struggle to negotiate a bipartisan compromise and remain far apart on how to pay for the massive spending.
Rivian Hires Former Waymo CFO Gerard Dwyer
Rivian Automotive Inc., the electric-vehicle startup backed by Amazon .com Inc., has hired a former finance chief from Alphabet Inc.’s self-driving arm Waymo.
US Jobless Claims Fall Again to New Pandemic Low
Applications for U.S. state unemployment insurance fell for a fourth consecutive week as more Americans get vaccinated and businesses reopen to eager customers.
The Commercial EV Buzz Is Coming From Infrastructure
It’s spring, and talk of electric vehicle infrastructure is sprouting all over.
CTA Pursues Review of AB 5 Contractor Ruling
The California Trucking Association has asked the 9th U.S. Circuit Court of Appeals for a full appellate court review of a three-member panel’s earlier decision regarding a state law that many in trucking deem unfair to the industry.
Rival Canadian Railroad Leaders Make Pitch for Kansas City Southern
Leaders of the rival Canadian National and Canadian Pacific railroads on May 26 made their pitches about why their respective railroads should be approved to purchase Kansas City Southern Railroad.
ATA, OOIDA Letter Strongly Opposes Cornyn’s Trucks-Only VMT Idea
Trucking industry stakeholders continue to push back on Sen. John Cornyn’s suggestion of a nationwide transportation fee that would exclusively be levied on commercial vehicles.
Ford CEO Farley Stokes Stock With His $30 Billion Bid in EV Race
Ford Motor Co. CEO Jim Farley made a bold bid for electric supremacy May 26 by boosting his company’s bet on plug-in models by more than a third, to $30 billion, and promising to electrify virtually the entire lineup.