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.
Ports Continue to Set Records; Congestion Worsens on West Coast
More than 60 containerships sat in San Pedro Bay on Feb. 18, at the entrance to the sprawling ports of Los Angeles and Long Beach. The vessels are waiting for a slot to sail into those facilities to begin unloading their cargo and then start the nearly two-week trip back to China.
US Steps Up Heat on Container Carriers to Ease Port Congestion
U.S. regulators stepped up the heat on ocean shipping companies and the seaport terminals some of them operate, seeking to smooth the disrupted flow of containers that are swamping America’s biggest ports and wreaking havoc on the nation’s strained supply chains.
Texas’ Gas-Export Clampdown Shocks Market as Blackouts Continue
Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause.
February 18, 2021US Jobless Claims Hit Four-Week High in Fresh Labor Setback
Applications for U.S. state unemployment insurance jumped to a four-week high, indicating the labor market is suffering fresh setbacks even as the coronavirus pandemic shows signs of ebbing.
DOT Opens Funding Opportunity for $889 Million in INFRA Grants
The U.S. Department of Transportation announced it is making $889 million available through its latest round of Infrastructure For Rebuilding America grants.
Trucking Takes On Lawsuit Abuse in Florida
The Florida Trucking Association and its business allies are taking on lawsuit abuse in the state’s courts, and with the state Legislature, where the climate for change seems to be improving.
Technology Brings Visibility to Supply Chains, Experts Say
The increased visibility that technology brings to supply chains is helping to improve efficiency in very specific ways, according to experts at a recent virtual event.
New Jersey Gov. Phil Murphy Announces $100 Million for Clean Transportation
New Jersey Gov. Phil Murphy announced the investment of approximately $100 million in clean transportation projects, including an effort to deploy electric trucks.
Oil Production Slumps by Record 40% as Permian Freezes
Total U.S. oil production has plunged by close to 40% — the most ever — as an unprecedented cold blast freezes well operations across the central U.S., according to traders and industry executives with direct knowledge of the operations.
Cummins Top Supplier of Class 8 Engines in 2020
Independent engine maker Cummins Inc. narrowly claimed the lead for the most Class 8 engines supplied in North America in 2020, pulling ahead by just 1,066 units over next-in-line Detroit, a brand of Daimler Trucks North America.