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.
Cardinal Expands Delivery Capability With NRX Acquisition
Cardinal Logistics Management Corp. announced Jan. 20 that it had acquired last-mile delivery provider NRX Logistics.
January 20, 2021Biden Unveils Sweeping Climate Plan, Moves to Rejoin Paris Pact
President Joe Biden signed sweeping actions to combat climate change hours after taking the oath of office, moving to rejoin the Paris accord and imposing a moratorium on oil leasing in the Arctic National Wildlife Refuge.
Safety Equipment, Training for Contractors Doesn’t Endanger Status, DOL Says
The U.S. Department of Labor has issued an opinion letter ruling that motor carriers can supply independent contractors safety equipment such as dash cams, speed limiters and driver monitoring systems, and also require that they take safety training without jeopardizing their independent contractor status.
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts
Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.
Werner Invests in TuSimple to Spur Autonomous Trucking
Transportation and logistics provider Werner Enterprises announced it invested in TuSimple, an autonomous trucking technology company founded in 2015, and described it as an important milestone in the journey to become an environmental leader.
Technology, Pandemic Reshape Industry’s Business Models, Panel Says
Advancements in technology and the impact of the coronavirus pandemic have driven major changes in trucking, a panel of experts said Jan. 19.
Maryland DOT Weighs Three Proposals for Major P3
The Maryland Department of Transportation has received three proposals from teams composed of private sector firms interested in becoming the developer for major interstate improvement work.
GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility
All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.
Anthony Levandowski Receives Trump Pardon
Outgoing U.S. President Donald Trump pardoned Anthony Levandowski, saving the engineer from more than a year in prison for stealing trade secrets from his former employer, Alphabet Inc.’s Waymo.
Diesel Rises 2.6¢; Biden Stops Development of Keystone XL Pipeline
Truckers are continuing to see higher diesel prices as the nationwide cost of trucking’s main fuel rose 2.6 cents, the Energy Information Administration reported Jan. 18.