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.
Amazon Closes Canadian Facility Hit by COVID
Amazon .com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising COVID-19 cases inside the complex.
Bollinger Motors Debuts 2022 Electric Work Trucks
Bollinger debuted a configurable, $70,000 B2CC commercial pickup chassis cab and $55,000 CHASS-E truck platform for the high-volume, work truck market March 12.
U.S. Xpress Details Safety Initiatives It Has Deployed
U.S. Xpress Enterprises detailed road safety practices it has deployed in a report released March 10.
March 12, 2021Lordstown Motors Sinks as Firm That Targeted Nikola Takes Aim
Lordstown Motors Corp. plunged the most in five months after the short-seller whose attack on Nikola Corp. led to its founder’s departure turned its sights on the electric truck startup.
W.Va. Advances Bill Creating Standards for Independent Contractor Classification
The West Virginia Legislature has advanced a bill that provides clarity for determining whether a worker is an independent contractor or an employee.
Shell Doubled Oil-Trading Profit to $2.6 Billion Last Year
Royal Dutch Shell Plc disclosed the profitability of its sprawling and secretive oil-trading unit for the first time, saying it almost doubled to $2.6 billion last year.
Tesla Shares Drop After Fire at EV Maker’s California Plant
Tesla Inc. shares fell a day after firefighters responded to an incident at the company’s factory in Fremont, Calif., containing a blaze in an area of the property under construction.
DeJoy Embraces Electric Trucks Despite USPS Contract Award
Postmaster General Louis DeJoy, defending the selection of a gasoline-powered vehicle maker to build the next generation of U.S. mail trucks, said he envisions the service moving quickly to electric power.
Trailer Orders Rise 82% in February to 24,200
U.S. trailer orders in February reached 24,200, an increase of 82% from a year earlier, ACT Research reported.
Biden Is Betting His Whole Climate Agenda on Infrastructure
Candidate Joe Biden rode into the White House promising to build back the economy after the devastation of COVID-19 with cleaner energy and a lower carbon footprint. The $1.9 trillion American Rescue Plan that President Biden signed into law March 11, however, does little in the way of fulfilling that pledge.