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, Technology, Top 100

Walmart Opens E-Commerce Marketplace to Non-US Vendors

Walmart Inc. has removed rules requiring sellers on its marketplace website to be registered in the U.S. — an attempt to close the e-commerce gap with Amazon .com Inc. and tap into China’s vast network of manufacturers.

March 19, 2021
Government, Business, Technology

Buttigieg Says Biden Plan Will Usher In New Transportation Era

WASHINGTON — An infrastructure plan expected soon from President Joe Biden will offer a “once in a century” opportunity to remake transportation in the United States, where cars and highways are no longer king, Transportation Secretary Pete Buttigieg said March 18.

Hope Yen | The Associated Press
March 19, 2021
Government, Business, Safety

New Jersey DOT Announces $30.1 Million for Local Freight Improvements

The New Jersey Department of Transportation announced $30.1 million has been awarded to counties and municipalities for projects meant to facilitate the safe movement of heavy truck traffic.

Eleanor Lamb | Staff Reporter
March 19, 2021
Business, Technology, Equipment

Chip Shortage Forces Ford to Build Trucks Without Computers

DETROIT — A global semiconductor shortage and a February winter storm have combined to force Ford to build F-150 pickup trucks without some computers.

March 19, 2021
Business, Top 50, Top 100

FedEx Rides E-Commerce to $21.5 Billion Third Quarter

The continued yearlong surge in e-commerce brought on by the COVID-19 pandemic sent FedEx’s year-over-year fiscal third-quarter net revenue up 23% to $21.5 billion, compared with $17.4 billion in the same period in 2020.

Dan Ronan | Senior Reporter
March 18, 2021
Business, Logistics

Spot Market Surges Amid Capacity Constraints, Bad Weather

Trucking spot loads and rates have started to settle back to normal after surging for weeks as a result of ongoing capacity issues coupled with frigid weather.

Connor D. Wolf | Staff Reporter
March 18, 2021
Government, Business, Safety

FMCSA Begins Large-Truck Crash Causal Factors Study

Federal trucking regulators are progressing on plans for a $30 million Large-Truck Crash Causal Factors study intended to gather new critical information and data in an effort to reduce crashes nationwide.

Eric Miller | Senior Reporter
March 18, 2021
Government, Business, Fuel

Graves Steps Up Support of VMT Fees as Highway Funding Source

Rep. Sam Graves, the top Republican on the U.S. House transportation panel, is calling on fellow policymakers to consider funding certain highway programs with revenue from fees collected on the miles vehicles travel.

Eugene Mulero | Senior Reporter
March 18, 2021
Government, Business

US Economy, Trucking Industry Poised for Strong Recovery, Economists Predict

Economists predict the United States economy broadly and the trucking economy specifically are poised for a rocket-like recovery in the second half of 2021, propelled by $1.9 trillion in federal stimulus and millions of Americans who will receive COVID-19 vaccinations and return to restaurants, ballparks and theaters.

Dan Ronan | Senior Reporter
March 18, 2021
Government, Business, Technology, Fuel, Logistics

Elizabeth Warren, AOC Lay Down Green Transit Plan for Biden

Progressives in the House and Senate plan to set down a marker March 18 for President Joe Biden’s infrastructure plans, introducing a $500 billion proposal to shift U.S. transportation away from fossil fuels.

March 18, 2021