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.
US Unemployment Claims Fall to 779,000; Job Cuts Grind On
The number of Americans seeking unemployment benefits declined to 779,000 in the week ended Jan. 30, a still historically high total that shows that a sizable number of people keep losing jobs to the pandemic.
California Court Rejects Suit Challenging Independent Contractor Exemption
The California Supreme Court rejected a lawsuit Feb. 3 that sought to overturn a ballot measure that makes app-based ride-hailing and delivery drivers independent contractors instead of employees eligible for benefits and job protections.
UPS Gives Old Jets New Life
Imagine ripping out the dashboard of your 20-year-old minivan and replacing it with the high-tech controls from a Tesla.
Peterbilt Introduces Redesigned Model 579 Flagship
Peterbilt Motors Co. has unveiled a restyled version of its Model 579 flagship on-highway truck that offers a 7% fuel economy improvement compared with the truck it replaces, which was launched in 2012.
Wabash National Posts Lower Q4 Earnings
Wabash National Corp. reported lower net income and revenue in the fourth quarter as new trailer shipments fell.
Google Seeks OK to Test Drones for Firefighting
Google asked the U.S. Federal Aviation Administration for permission to test drones to research how the technology can help monitor and control fires.
Schneider Reports Increased Net Income During Q4 2020
Schneider National on Feb. 3 reported a year-over-year increase in profit for the fourth quarter of 2020.
Meritor Reports Lower Fiscal-Year Q1 Earnings, Revenue
Meritor Inc. reported a decline in net income, largely due to interest expenses, and a dip in revenue during its fiscal first quarter.
California Leads in Electric Vehicle Policies, Practices, Energy Nonprofit Says
California is by far the national leader in enabling the use of electric cars and medium- and heavy-duty electric trucks, according to a state-by-state evaluation of electric vehicle policies and practices compiled by a leading nonprofit energy efficiency group.
Volvo Group Posts Higher Q4 Net Income
Volvo Group reported fourth-quarter net income rose amid a surge in North American truck orders, but revenue slipped.