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.
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.
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.
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.
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, 2021FedEx 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.
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.
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.
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.
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.
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.