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.
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.
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.
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.
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.
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, 2021Exxon 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.
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.
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.
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.
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.