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.
Industrial Production Climbs 0.9% in January
WASHINGTON — American industry expanded for the fourth consecutive month in January, but it has yet to return to the level of activity that preceded the pandemic.
Ford to Go All Electric in Europe by 2030
FRANKFURT, Germany — Ford announced a major push into electric vehicles in Europe, vowing to convert its entire passenger car lineup on the continent to electrics by 2030.
Lidar Startup AEye Goes Public in $2 Billion SPAC Deal
AEye Inc., a startup that makes lidar systems for self-driving vehicles, is going public by merging with blank-check company CF Finance Acquisition Corp. III in a deal valued at $2 billion.
Retail Sales Jump 5.3% Due to $600 Stimulus Checks
After three months of declines, retail sales soared a seasonally adjusted 5.3% in January from the month before, the U.S. Commerce Department said Feb. 17.
New York Sues Amazon Over Worker Safety During Pandemic
New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses in the state as COVID-19 infections surged nationwide.
Experts Tackle Design Considerations for Urban Delivery Needs
Despite the ongoing popularity of online shopping, there is a dearth of “design support” for urban delivery needs, according to Edward McCormack, research associate professor of civil and environmental engineering at the University of Washington.
Diesel Climbs 7.5¢ to $2.876 a Gallon
Diesel surged 7.5 cents a gallon, boosting the price of trucking's main fuel by 13.8 cents the past two weeks, according to data released by the Energy Information Administration.
TMC Announces Changes to Meetings, Exhibition
American Trucking Associations announced the Technology & Maintenance Council showcase exhibition will be an in-person event as part of TMC’s fall meeting.
Scanning Every Vehicle Could Cause Border Backups
A new U.S. law signed Jan. 5 requires every vehicle, truck and freight train that crosses into the United States from Mexico or Canada to be scanned and inspected at ports of entry with X-ray or similar technology.
Trucking Bankruptcies Surged in 2020 as Pandemic Hit Small Carriers
The COVID-19 pandemic forced more than 3,000 trucking companies out of business in 2020 — a significant leap from about 1,000 the year prior — as the early months of the global health crisis proved too difficult for some in the industry to withstand.