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.
Biden Attempts Bipartisan Push for Infrastructure Package
President Joe Biden tried to maintain bipartisan momentum for a new infrastructure program by meeting March 4 with Republican and Democratic lawmakers at the White House.
Penske Agrees to Acquire Kansas City Freightliner
Penske Automotive Group Inc. announced it entered into an agreement to acquire Kansas City Freightliner, a retailer of medium- and heavy-duty commercial trucks.
March 5, 2021Dems Trim Jobless Benefits, Senate Debates Virus Relief Bill
Democrats agreed March 5 to pare back emergency jobless benefits but extend them for an extra month, bidding to solidify support as the Senate approached a voting marathon on a $1.9 trillion COVID-19 relief bill.
Export Boom Drives Canada’s Largest Trade Surplus Since 2014
Canada’s trade sector unexpectedly recorded its largest surplus in more than six years on across-the-board increases in exports.
US Adds a Strong 379,000 Jobs in Hopeful Sign for Economy
WASHINGTON — U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.
US Trade Deficit Rises 1.9% in January
SILVER SPRING, Md. — The U.S. trade deficit rose 1.9% in January as the coronavirus pandemic continued to disrupt global commerce.
Volkswagen Brand Doubles EV Share Target
Volkswagen AG’s main brand doubled its forecast for the share of purely battery-powered cars in Europe to 70% by the end of the decade, signaling it expects to be delivering well more than 1 million EVs a year by then.
ATA, Road Safe America Join in Speed Limiter Regulation Letter
American Trucking Associations and safety group Road Safe America have sent a letter to Transportation Secretary Pete Buttigieg outlining their support for guidelines for speed limiters for policymakers in Congress and at the Department of Transportation.
The Top 7 Benefits of Weigh Station Bypassing
There are many technologies carriers can select from to make their operation more efficient, profitable and safe. Weigh station bypassing does this with only a small commitment of time and money. Learn what significant and quick dividends you can receive.
March 4, 2021How Violations Work and How to Minimize Fleet Impact
Any fleet that operates tolled roads or bridges could possibly receive violations, which often come with additional cost and delayed processing time. A comprehensive approach to toll management requires anticipating violations, minimizing their occurrence, and understanding how to handle them.
March 4, 2021