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.
COVID-19 Package to Go Before Senate in February, Chuck Schumer Says
A new round of COVID-19 economic relief that would include aid for hard-hit transportation systems will be up for consideration in early February, Senate Majority Leader Chuck Schumer indicated Jan. 28.
Canadian Pacific Reports 20.7% Earnings Gain in Q4
Canadian Pacific Railway posted higher net income despite slightly softer revenue in the fourth quarter, the Class I freight railroad announced Jan. 28.
Pilot Co. Unit to Buy Ethanol Plant With Sights on Recovery
A unit of truck stop chain Pilot Co., which is partly owned by Warren Buffett’s Berkshire Hathaway Inc., is buying an ethanol plant just as the beleaguered industry may be turning around.
Economy Grows 4%; Transportation Services See Small Drop
The U.S. economy downshifted in the final three months of 2020 after record third-quarter growth, as the pandemic battered the labor market and limited Americans’ ability and willingness to spend.
Jobless Claims Fall by More Than Expected
Applications for U.S. state unemployment benefits fell last week, signaling that job cuts may be easing after rising in December and early January.
AV Holds Promise, But Lacks ‘Go Anywhere’ Ability, Panelists Say
Experts advised people to manage their expectations of automated vehicles for their traveling capabilities.
Biden Directs Agencies to Address Climate Change
New directives approved by President Joe Biden in response to climate change set in motion an extensive environmental agenda throughout federal agencies while rolling back Trump-era guidance on permitting.
Tesla Disappoints Wall Street With First Results as a Blue Chip
Tesla Inc. reported lower-than-expected profit and record revenue, mixed results that disappointed investors used to razzle-dazzle — but more in tune with the S&P 500 heavyweight it has become.
Tutorials, Updated Datasets Among Upgrades Planned for FHWA Bridge Portal
The Federal Highway Administration will introduce tutorial videos, fix bugs and update datasets as part of a series of enhancements to its web portal that offers a wealth of data on bridges.
NFI Icon Bernard Brown Dies at 96
Bernard Brown, the visionary behind National Freight Inc., one of the oldest trucking companies in the U.S., died Jan. 21 at his home in Palm Beach Gardens, Fla.