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.
Truck Makers Outline Steps to Manage Chip Shortage
Production of Class 8 trucks and to a greater degree of medium-duty trucks is at risk as the demand for computer chips exceeds supply in a widening environment of supply chain disruptions.
NLRB Finds Elon Musk Tweet Violated Labor Law
DETROIT — Tesla CEO Elon Musk has tweeted his way into trouble with another federal agency, this time the National Labor Relations Board.
March 26, 2021VW Seeks Damages From Former Execs for Diesel Scandal
BERLIN — Volkswagen is seeking damages from two former top executives for their role in the diesel emissions scandal that cost the German automaker billions of euros and a hefty dent in its reputation.
March 26, 2021Truckstop.com Acquires Automated Onboarding Service RMIS
Truckstop.com has acquired the automated onboarding and monitoring provider Registry Monitoring Insurance Services, the load board operator announced March 22.
March 26, 2021Consumer Sentiment Climbs as Virus Restrictions Ease
Consumer sentiment continued to improve in late March to a one-year high as more Americans got coronavirus vaccinations and business restrictions eased in many states.
NYC-N.J. Tunnel Plan Has ‘Sense of Urgency,’ Buttigieg Says
The Biden administration is prioritizing the Gateway rail tunnel project between New York City and New Jersey with urgency because of its “national significance” to the economy, Transportation Secretary Pete Buttigieg told lawmakers.
Blocked Suez Canal Compounds Stress to Supply Chains
Dislodging the container vessel blocking the Suez Canal will take until at least March 31, a longer effort than initially feared that will amplify the disruption to global supply chains for everything from oil to grains to cars.
March 26, 2021Carriers Provide Resources to Help Drivers Get Vaccinated
Trucking companies are taking steps to help ensure their drivers, and support staff, can get the coronavirus vaccine in a bid to minimize workplace disruptions.
Senate Extends PPP Deadline by Two Months
WASHINGTON — The Senate on March 25 passed a bill to extend the deadline for business owners to apply for forgivable loans through the Paycheck Protection Program, giving applicants two more months to apply for federal aid. The vote was 92-7.
Secretary Buttigieg Promotes Transformative Infrastructure Plan
The Biden administration is ready to engage with Congress to improve the flow of freight and commuters by modernizing the country’s mobility networks, the nation’s top transportation official told a U.S. House panel March 25.