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.

Government, Business, Technology, Autonomous, TCA

New Mexico Takes Steps Toward Embracing Autonomous Vehicles

New Mexico legislators have introduced a bill that one says would set up in statute the authority to regulate and give guidance to the emerging autonomous vehicles industry.

Hannah Grover | The (Farmington, N.M.) Daily Times
March 4, 2021
Business, Equipment

Heavy-Duty Repair Shops Report Drop in Revenue Due to Pandemic

A majority of heavy-duty repair shops saw a significant drop in revenue due to the coronavirus pandemic in 2020, a new report found.

Connor D. Wolf | Staff Reporter
March 4, 2021
Business, Technology, Safety

Efficiency Gains Arise From COVID-Induced Contactless Delivery

COVID-19 has driven the need for contactless delivery methods, but a silver lining may be increased efficiency.

Connor D. Wolf | Staff Reporter
March 4, 2021
Government, Business

Senators Debate Pandemic Aid Bill Amid Infrastructure Funding Proposals

Senate Democrats aim to advance a $1.9 trillion COVID-19 relief measure that includes aid for transportation corridors before expanded unemployment benefits expire March 14.

Eugene Mulero | Senior Reporter
March 4, 2021
Business, Safety

Learn About FMCSA’s Regulatory Priorities for 2021

Each change in our country’s leadership brings a different vision of how our federal government should be run. That vision extends to the rules that the Federal Motor Carrier Safety Administration adopts and enforces. Two former FMCSA executives will tell you what to expect from the new administration.

March 4, 2021
Business, Fuel

Exxon CEO Eyes Money-Making Potential of Low-Carbon World

ExxonMobil Corp. sees multiple money-making opportunities in a low-emissions world and is targeting partnerships with venture funds to help finance growth in its carbon capture business, CEO Darren Woods said.

March 4, 2021
Government, Business, Fuel

Workhorse Sees ‘Prolonged Process’ to Challenge USPS Action

Workhorse Group Inc. said March 4 it sees a “prolonged process” as it attempts to challenge the loss of a massive U.S. Postal Service contract to build the agency’s next-generation fleet of delivery trucks.

Ari Natter and Todd Shields | Bloomberg News
March 4, 2021
Business, Technology, Equipment, Fuel

GM Looks for Location for Second US Battery Factory

General Motors is looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.

Tom Krisher | Associated Press
March 4, 2021
Government, Business

US Jobless Claims Tick Up to 745,000 as Layoffs Remain High

The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.

Paul Wiseman | Associated Press
March 4, 2021
Government, Business, Technology, Equipment, Fuel, Top 100

FedEx Sets Plan for Carbon-Neutral Operations by 2040

FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.

Joe Howard | Executive Editor
March 3, 2021