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.
Trucking Groups Oppose Oakland Stadium Port Site Even as A's Mull Moving
Two California-based trucking associations continue to oppose plans for a major league baseball stadium to be built for the Oakland Athletics inside the Port of Oakland facility at the Howard Terminal, even as the team considers relocating to another city.
60% More Travelers for Memorial Day This Year, AAA Says
About 37 million people will travel this Memorial Day, a significant boost from a year ago, according to AAA’s forecast for the traditional kickoff of the country’s summer driving season.
VTNA, UAW Reach Second Tentative Agreement
Volvo Trucks North America May 20 announced the company and the United Auto Workers union reached a tentative agreement on the terms of a new six-year contract that would cover approximately 2,900 employees at the New River Valley truck assembly operations in Dublin, Va.
May 25, 2021GOP to Offer Biden Nearly $1 Trillion for Infrastructure Plan
A group of Senate Republicans plans to present its latest offer to the White House on a major new infrastructure package on May 27, with one member saying it will weigh in at almost $1 trillion.
ATRI’s 2021 Research Priorities Include Young Drivers, Electric Trucks
Understanding the most effective way to bring 18- to 20-year-olds into the trucking industry was listed as a top 2021 research priority for the American Transportation Research Institute.
International LT, LoneStar Models to Accept OTA Upgrades for Cummins X15 Engines
Navistar International Corp. announced the upcoming availability of Cummins’ connected software updates and programmable trim parameters through its OnCommand Connection portal.
May 25, 2021Oil Wavers With Talks Resuming on Potentially Reviving Iran Deal
Oil was little changed as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand.
Amazon Sued by D.C. AG in Antitrust Suit Over Pricing
Amazon .com Inc. was sued by the attorney general for Washington, D.C., who accused the online retail giant of engaging in anticompetitive practices that have raised prices for consumers.
Ports on Both Coasts Continue Record-Setting Runs in April
The nation’s ports reported record container volumes in April as the U.S. economy continues its strong recovery from the COVID-19 pandemic.
US Consumer Confidence Falls as Job, Income Prospects Ebb
U.S. consumer confidence fell slightly in May for the first time this year as Americans were less optimistic about future job and income prospects but at the same time remain upbeat about current conditions.