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.
Oshkosh Acknowledged Weakness on EVs Before Win in Postal Deal
Oshkosh Corp. executives cautioned investors that they lacked expertise in building electric vehicles several months before the company won a lucrative U.S. Postal Service contract to build next-generation mail-delivery vans with batteries or internal-combustion engines.
Navistar Reports Net Loss in FY Q1, Along With Market Share Gains
Navistar International Corp. reported a fiscal first-quarter net loss as well as a dip in revenue and market share gains for Classes 6-8 vehicles compared with a year earlier.
Biden Executive Order Calls on Agencies to Prioritize 'Environmental Justice'
A sweeping executive order from President Joe Biden calls for a review of all Trump-era environmental regulations with a focus on the issue of “environmental justice,” an effort to cut greenhouse gas emissions in low-income and minority communities across the United States that, in many cases, are located near where heavy trucks operate.
IHS Expects Trucking Recovery Despite Concerns in 2021
Trucking is likely to see strong gains this year, but risks remain as the economy tries to leave the coronavirus behind, according to IHS Markit.
White House Hasn’t Ruled Out Democrat-Only Infrastructure Plan
White House Senior Adviser Cedric Richmond left open the possibility that the Biden administration could seek passage of an infrastructure plan with only Democratic votes after the president drew criticism for a $1.9 trillion virus relief package that’s poised to pass along partisan lines.
Giant Oil Tankers Are Losing Almost $7,000 a Day Amid OPEC Cuts
Times are getting tougher by the day for oil tanker owners.
Trucking Groups Ask to Make Truck Stops Vaccination Sites
A coalition of trucking groups has issued a letter urging the Centers for Disease Control and Prevention to designate truck stops and travel plazas as COVID-19 vaccination sites.
Tesla Roars Toward Biggest Gain in Over a Year
Investors rushed back into Tesla Inc. shares on March 9, putting a screeching halt to a five-day slump, and pushing the stock to its biggest gain in more than a year.
Port Officials, Retailers See Congestion Lasting for Months
Long delays at the nation’s ports are causing companies to rethink their long-term strategies about where their products are manufactured and how to get them to customers.
Uber Freight Expands Procurement Options With Market Access
Uber Freight has launched a new procurement channel that enables shippers to source capacity directly over its freight marketplace.