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.
Roads Busy Again After Pandemic Bring Risk, Experts Say
The nationwide lockdowns brought on by the pandemic cleared the roads of many passenger vehicles and helped truckers keep goods moving. However, as passenger cars gradually return, industry experts are considering how those pandemic-era roads affected safety and how drivers will respond once they start getting crowded again.
Daimler Truck Eyes Pending Independent Status in Electric World
Daimler Truck reported it is on schedule to be listed as a public company on the Frankfurt Stock Exchange by the end of this year, and remains committed to replacing internal combustion engines globally with battery-electric and fuel cell electric powertrains and related software.
Kodiak Robotics Expands Autonomous Truck Operations in Texas
SAN ANTONIO — Autonomous truck developer Kodiak Robotics this summer is expanding its routes, adding a Dallas-to-San Antonio run.
House GOP Unveils $400 Billion Highway Policy Bill
Legislation that would authorize $400 billion over five years for surface transportation programs was unveiled by Republican policymakers in the U.S. House of Representatives May 19.
Ford’s High-Stakes Electric F-150 Will Start Under $40,000
Linda Zhang, chief engineer of Ford Motor Co.’s new electric F-150 pickup, steers a 3-ton rig onto a test track at the automaker’s suburban Detroit proving grounds and mashes the accelerator.
April Trailer Orders Drop to 10-Month Low; Costs, Cancellations Rise
U.S. trailer orders in April were just above 14,000, the lowest volume in 10 months as cancellations increased and backlogs continued to extend into 2022, ACT Research reported.
ATA Mid-Year Attendees Optimistic About Trucking
SAN ANTONIO — During one of the first in-person industry events to be held as the country emerges from the coronavirus pandemic, trucking executives attending American Trucking Associations’ Mid-Year Management Session expressed optimism about opportunities that await motor carriers — and the nation overall — as life for Americans returns to normal.
CP Rail Declines to Boost Offer, Urges KC Southern to Drop CN
Canadian Pacific Railway Ltd. declined to increase its offer for Kansas City Southern and urged the U.S. railroad instead to reject Canadian National Railway Co.’s higher bid because of regulatory risks.
Initial Jobless Claims Decline to New Pandemic Low
Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, signaling steady improvement in the job market as remaining business restrictions are lifted.
Texas Senate Passes Bill Aimed at Curbing Lawsuit Abuse of Truckers
The Texas Senate has unanimously approved a House bill that would help curb the growing trend of lawsuit abuse targeting commercial vehicles in Texas.