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.
ASCE Report Card: Infrastructure Improves to C-
The nation’s infrastructure received a C- grade on the American Society of Civil Engineers’ latest report card, marking an improvement from D+.
UPS Ships Out First Batch of Johnson & Johnson Vaccine
UPS Inc. began shipping out its first batch of Johnson & Johnson vaccines March 2, now that the single-dose vaccine for the coronavirus has emergency use authorization.
Navistar Stockholders Approve Merger With Traton SE
Moving one step closer to being acquired, Navistar International Corp. announced stockholders approved Traton SE’s proposal to buy all of Navistar’s outstanding common shares for $44.50 per share in cash, or $3.7 billion.
Rhode Island Gov. Gina Raimondo Confirmed as Commerce Secretary
Gina Raimondo easily won Senate confirmation as Commerce secretary, placing the Rhode Island governor at the heart of President Joe Biden’s efforts to revive the U.S. economy and confront alleged unfair trade practices by China.
American Petroleum Institute Mulls Embrace of Carbon Pricing
The American Petroleum Institute is considering throwing its weight behind a government-imposed price on carbon dioxide emissions as a way to slow global warming, a major policy shift by the oil industry’s top trade group.
As Amazon Air Expands, Report Sees Potential Challenge to UPS, FedEx and USPS
Amazon Air is poised for a summertime growth spurt that could send its daily schedule to more than 160 flights per day.
Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale
In a deal to jettison itself from under bankruptcy protection, Hertz said March 2 that it may sell a controlling stake in the company to two investment firms for $4.2 billion.
Railroads Told to Turn Over Evidence in Fuel Surcharge Suit
In a move that could help speed up the path to a trial, a District of Columbia federal judge ruled in a multidistrict federal lawsuit that more than 200 shippers are entitled to pursue certain evidence to support their allegation that the four largest Class I railroads may have conspired to fix fuel surcharge prices.
Lawmakers Reintroduce Bill Promoting Women in Trucking
A group of lawmakers has reintroduced legislation that aims to support women entering the trucking industry.
Navistar Offers Free Warranty on Certain Used LT and RH Models
Navistar International Corp. announced it is offering a free one-year, 100,000-mile factory-backed warranty for engine and aftertreatment systems on its most popular used on-highway vehicles, the LT and RH series, that meet certain criteria.
March 2, 2021