Business

About Business News...

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.

Business, Logistics

Mississippi River Reopens, Freeing Over 1,000 Stuck Barges

The U.S. Coast Guard has reopened the Mississippi River to maritime traffic, ending a shutdown that stranded more than 1,000 barges on the key conduit for agriculture exports.

May 14, 2021
Business

Union Pacific Increases Dividend

Union Pacific Corp. announced it increased the quarterly dividend on the company’s common shares by 10% to $1.07 per share.

May 14, 2021
Government, Business, Technology, Equipment, Safety

As Canadian ELD 'Progressive Enforcement Period' Nears, Expert Urges Training

Although no devices have been approved for drivers, Canada’s electronic logging device mandate is less than a month away and fleets should prepare accordingly.

Eleanor Lamb | Staff Reporter
May 14, 2021
Government, Business, Safety

Transport Topics Collects Two National Awards From ASBPE

Transport Topics captured national honors in two categories May 13 as the American Society of Business Publication Editors announced its 2021 Azbee winners.

May 14, 2021
Business, Technology, Equipment, Autonomous

Embark Trucks Add HP to Partner Development Program

Self-driving truck technology developer Embark Trucks Inc. announced HP Inc. is joining its partner development program to test and deploy autonomous freight and provide data and feedback to Embark.

May 14, 2021
Government, Business, Fuel

Gas Crunch From Cyberattack Intensifies in Nation’s Capital

Gas shortages at the pumps are spreading from the South to the Mid-Atlantic states, where Virginia and the District of Columbia have become some of the hardest hit areas after a cyberattack that forced a shutdown of the nation’s largest gasoline pipeline.

May 14, 2021
Government, Business

Retail Sales Flat in April as Stimulus Spending Wanes

NEW YORK — Retail sales in the U.S. were flat in April, after soaring in March, when many Americans received $1,400 stimulus checks that boosted spending.

Joseph Pisani | Associated Press
May 14, 2021
Government, Business

Canadian National Increases Offer to Seal Deal for Kansas City Southern

Canadian National Railway appears to be the front-runner to acquire Kansas City Southern Railroad after the KCS Board of Directors on May 13 declared CN has presented a “superior proposal” to an earlier offer from Canadian Pacific to purchase the U.S.-based railway.

Dan Ronan | Senior Reporter
May 14, 2021
Business, Technology, Fuel, Autonomous

EV Startups Lose More Than $40 Billion After Taking SPAC Route Public

At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.

Craig Trudell | Bloomberg News
May 14, 2021
Government, Business

Manufacturing Output Increased in April for a Second Month

U.S. manufacturing output rose in April by slightly more than expected, suggesting further improvement for factories that are otherwise buffeted by supply shortages and shipping challenges.

Olivia Rockeman | Bloomberg News
May 14, 2021