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.
Georgia Ports Authority OKs $205 Million for Savannah Expansion
The board of the Georgia Ports Authority voted March 29 to spend $205 million to expand the Savannah facility, adding to $100 million authorized several months ago.
Truck Parking Legislation Introduced in US House
A bill designed to facilitate access to parking around the country for commercial vehicles was recently introduced in the U.S. House of Representatives.
Infrastructure Plan Could Include $3 Trillion in Tax Increases
President Joe Biden is aiming for summer passage of an infrastructure plan that is expected to cost more than $3 trillion, and the White House hopes to take a more deliberate and collaborative approach with the contentious Congress than it did on the COVID-19 rescue package, officials said.
March 30, 2021Truckers Speak Out at CARB Workshop on Tough Smog Test Proposal
California environmental regulators gave motor carriers a look at a tweaked heavy-duty vehicle smog inspection and maintenance program proposal that will require motor carriers to “smog test” their fleets quarterly, rather than current requirements for an annual inspection.
US Consumer Confidence Surges to One-Year High on Job Optimism
U.S. consumer confidence rose in March to a one-year high as Americans grew more upbeat about the economy and labor market, a sign that household spending may pick up more broadly in the coming months.
Port of Baltimore Dredging, Expansion Seen as Boon to Economy
Port of Baltimore officials say with the vast jump in imported cargo and tens of millions of dollars in infrastructure improvements, the sprawling facility on the Chesapeake Bay will see rapid growth the next several years.
March 30, 2021Daimler’s Legal Risks Around Emissions Linger Ahead of Revamp
Daimler AG shares have soared since the pandemic forced the Mercedes-Benz maker to postpone its annual shareholders’ meeting around this time a year ago. Its chairman’s swan song still will hit some low notes.
Volvo, Aurora Pair for Autonomous Trucking Service
Volvo Group will partner with Aurora Innovation Inc. to develop and commercialize autonomous Class 8 trucks in North America.
Conversation Begins About Who Will Pay for Suez Canal Crisis
The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning.
March 30, 2021Oil Rises for Second Day With Focus Moving Toward OPEC+ Meeting
Oil climbed to the highest in almost two weeks as traders looked ahead to this week’s OPEC+ meeting with speculation that renewed demand concerns will spur the group to keep production in check.