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

To Retain Workers, Walmart Moves More of Them Full Time

NEW YORK — Walmart is moving more of its workers full time, with the goal of having two-thirds of its U.S. store hourly jobs be full time with more consistent work schedules by early next year.

Anne D’Innocenzio | Associated Press
April 14, 2021
Business, Equipment

Medium-Duty Sales Rise 36.7% in March, Led by Class 5

U.S. retail sales of Classes 4-7 trucks in March climbed 36.7% compared with a year earlier, riding the surge in demand in Class 5, WardsAuto .com reported.

Roger Gilroy | Senior Reporter
April 14, 2021
Government, Business

Senators Working on Infrastructure Alternative

Utah Republican Mitt Romney said April 14 a group of senators is in the “early stages” of discussing a potential counterproposal to President Joe Biden’s $2.25 trillion infrastructure and spending plan that would be more narrowly focused and less expensive.

April 14, 2021
Business, Technology, Equipment, Safety

Tractor-Trailer Interfaces Take Shape in Many Ways

Efforts to ensure the needed connections for exchanging more data between a tractor and trailer continue from many directions as electronics and sensors are increasingly coming to trailers, experts said.

Roger Gilroy | Senior Reporter
April 14, 2021
Government, Business, Breaking News

Biden Taps Meera Joshi to Lead FMCSA

President Joe Biden announced April 14 that he intends to nominate Meera Joshi to serve as administrator of the Federal Motor Carrier Safety Administration.

Eleanor Lamb | Staff Reporter
April 14, 2021
Government, Business, Logistics

Egypt Seizes Ever Given Pending $900 Million Compensation

Egypt seized the giant container vessel that blocked the Suez Canal last month as part of an effort to get more than $900 million in compensation.

April 14, 2021
Business, Technology, Fuel, Autonomous

Audi Takes On Tesla’s Model Y With Entry-Priced Electric SUV

Audi’s new Q4 e-tron will go head-to-head with Tesla Inc. in the fast-growing market of compact crossover SUVs to help parent Volkswagen AG narrow its electric-car sales gap with the world leader.

Christoph Rauwald | Bloomberg News
April 14, 2021
Business, Technology, Fuel

Skyrocketing Metal Prices Threaten to Hinder EV Affordability

A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption.

Annie Lee | Bloomberg News
April 14, 2021
Government, Business, Safety

Oklahoma Bills Propose Changes Related to Truck Enforcement

Two bills intended to streamline enforcement associated with commercial motor vehicles are making their way through the Oklahoma State Legislature.

Eleanor Lamb | Staff Reporter
April 13, 2021
Government, Business, Safety

Ohio Trucking Association Names Nicholas Delzeith Driver of the Year

The Ohio Trucking Association announced that Nicholas Delzeith was selected as its 2020 Driver of the Year.

April 13, 2021