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.
TRB’s Registration Database Hacked in Ransomware Attack
The Transportation Research Board’s annual meeting registration services database was compromised in March by cybercriminals in a ransomware attack, the organization announced April 28.
VTNA, UAW Reach Tentative Agreement; Virginia Strike Ends
Volvo Trucks North America announced the company and the United Auto Workers union reached a tentative agreement April 30 on the terms of a new five-year contract that would cover approximately 2,900 employees at the New River Valley truck assembly operations in Dublin, Va.
April 30, 2021Carper Urges Tough US Rules Barring Gas-Powered Cars by 2035
WASHINGTON — A top Senate Democrat is urging U.S. anti-pollution standards that would follow a deal brokered by California with five automakers and then set targets to end sales of new gasoline-powered vehicles by 2035, a goal that reaches further than President Joe Biden’s climate plan.
Self-Driving Truck Startup Plus Reported to Plan Hennessy SPAC Deal
Self-driving truck startup Plus is in talks to merge with special purpose acquisition company Hennessy Capital Investment Corp. V, according to people familiar with the matter, making it the latest autonomous vehicle maker seeking to go public via a blank-check firm.
April 30, 2021Exxon Posts $2.7 Billion Quarterly Profit After Unprecedented Year
NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.
Amazon Q1 Sales Beat Estimates
Amazon .com Inc. reported a big increase in sales and gave a bullish forecast, continuing a streak of rapid growth even as vaccine rollouts raised the prospect of a return to prepandemic shopping habits in the U.S.
Dana Posts Q1 Gains as End Markets Recover
Dana Inc. reported higher first-quarter net income and revenue and noted its once-shutdown end markets have recovered.
Allison Reports Lower Net Income, Revenue in Q1
Allison Transmission Holdings Inc. reported lower net income and revenue for the first quarter amid progress in addressing the COVID-19 pandemic.
PennDOT Launches Public Survey on Automated Vehicles
The Pennsylvania Department of Transportation announced April 28 the launch of a survey meant to offer an idea of constituents’ perceptions and knowledge of automated vehicles.