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.
Navistar, GM Cooperate on Fuel Cell System for Class 8 in 2024
Navistar Inc. announced it intends to produce a zero-emission longhaul truck using fuel cell systems supplied by General Motors and will have an International RH Series FCEV model commercially available in 2024.
FedEx Announces Leadership Changes for Freight, Ground Divisions
FedEx Corp. has announced that Lance Moll will be the next president of FedEx Freight. He replaces John A. Smith, who will take over FedEx Ground upon the July retirement of current president Henry Maier.
Fleets Need to Have Contingency Plan for Emergencies, TRB Panel Says
Taking into account some of the myriad challenges presented by the coronavirus pandemic, management experts offered a glimpse of future operational issues and shared recommendations for how to address them.
Climate Change, COVID-19 Aid Priorities for Biden Administration, Gina Raimondo Says
An emphasis on climate change will help guide the Biden administration’s infrastructure policy agenda, which aims to provide economic relief to states and industry stakeholders, Rhode Island Gov. Gina Raimondo told the Senate Commerce Committee at her confirmation hearing.
Biden to Require Electric Trucks at USPS, Federal Agencies
President Joe Biden is preparing an executive order to marshal the federal government’s purchasing power by requiring that federal agencies — including the U.S. Postal Service — buy clean vehicles and renewable power, according to three people familiar with the matter, though the timing of the announcement isn’t clear.
January 26, 2021U.S. Xpress Latest to Invest in TuSimple
U.S. Xpress Enterprises Inc. announced it made a “significant” investment in autonomous trucking company TuSimple and that CEO Eric Fuller was named to TuSimple’s executive advisory board.
Biden to Pause Oil Drilling on Public Lands
WASHINGTON — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change.
January 26, 2021COVID-19 Pandemic Impacts Q4 Earnings at Union Pacific
Union Pacific saw its fourth-quarter and full-year results decline versus year-ago levels, but the Class I rail carrier said its implementation of precision scheduled railroading is reaping benefits for its operations.
Pennsylvania Truckers Object to Bridge Tolling Plan
The Pennsylvania Department of Transportation is moving forward with its controversial plan to consider charging tolls on as many as 10 major bridges in the state. But representatives from the trucking industry say tolls would hurt their industry.
Paccar Q4 Earnings, Revenue Drop
Paccar Inc. posted lower fourth-quarter net income and revenue while achieving record quarterly parts revenue and notching its record market share for medium-duty vehicles sold in the U.S. and Canada.