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.
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, 2021Union 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, 2021As 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.
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, 2021Embark 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, 2021Gas 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, 2021Retail 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.
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.
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.
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.