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.
OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks
OPEC’s crude production plunged in February as Saudi Arabia delivered extra cutbacks intended to clear the remnants of a global supply glut.
Volvo to Make Only Electric Vehicles by 2030
Volvo says it will make only electric vehicles by 2030. But if you want one, you’ll have to buy it online.
COVID-19 Exposes Cold Chain Problems, Solutions
The coronavirus pandemic has presented new challenges and opportunities for innovation in cold chain shipments.
Progressives Propose Wealth Tax to Fund Infrastructure
Sen. Elizabeth Warren said her proposed wealth tax on households worth more than $50 million could help pay for investments in infrastructure, child care and health reforms as part of President Joe Biden’s plan to “Build Back Better” after the coronavirus pandemic that has disproportionately hit low-income families.
US Economy, Trucking Poised for Strong 2021, Economists Predict
The U.S. economy and trucking are poised for a strong second half of the year and into 2022, now that a third COVID-19 vaccine has been approved.
March 1, 2021Crowley Maritime Promotes Dan Warner to Chief Financial Officer
Crowley Maritime Corp. announced it promoted senior executive Dan Warner to chief financial officer and he will lead a consolidated finance group.
March 1, 2021Kenworth Medium-Duty Electric Trucks Eligible for CARB Incentive
Kenworth Truck Co. announced its new Kenworth K270E Class 6 and K370E Class 7 battery-electric vehicles qualify for an $85,000 voucher incentive available to qualifying California purchasers from the California Air Resources Board.
March 1, 2021North Dakota Bill Proposes Amending Truck Restrictions for Road Train Pilot
Legislation that would temporarily amend truck length and weight restrictions is making its way through the North Dakota Legislative Assembly.
The Value of a Good Driver
Just last month, a number of carriers announced driver pay increases mirroring a wider trend in the industry that emerged last year. Is this an effective strategy for combatting the worsening driver shortage? President & CEO of the National Transportation Institute, Leah Shaver, joins TT's Dan Ronan for a conversation about driver recruitment and retention in today's market and what tools fleet executives can use to succeed.
March 1, 2021Shipping Begins for Third Vaccine; J&J Looks for Partners
As shipping of the third coronavirus vaccine begins, Johnson & Johnson is looking for manufacturing partnerships to increase supply of its COVID-19 vaccine that was cleared Feb. 27 by U.S. regulators, Chief Executive Officer Alex Gorsky said.