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.
Plaintiff Attorneys Often Use 'Reptile Theory' to Win Nuclear Trucking Jury Verdicts, Experts Say
In trucking accident lawsuits, the "reptile theory" is a method plaintiff lawyers have deployed in pursuit of so-called “nuclear” jury verdicts.
US Automakers Plead for Government Help in Growing Chip Crisis
American automakers are asking the U.S. government to help solve a debilitating shortage of computer chips that is closing auto factories worldwide and could restrict production until the fall.
Paccar, Aurora to Partner on Development of Autonomous Trucks
Paccar Inc. reached a deal with a California technology startup to develop and sell autonomous versions of two of its most popular Class 8 truck models.
Biden’s Transportation Aid in COVID-19 Package on Congressional Radar
The incoming administration is calling on Congress to approve emergency aid for transportation programs as part of a $1.9 trillion pandemic relief package.
Navigating the Driver Shortage
The latest economic report from ATA estimates the driver shortage to be over 60,000. What role has the pandemic played? Older drivers chose to retire while potential drivers found licensing difficult with the closure of state motor vehicles offices. The launch of the Drug & Alcohol Clearinghouse database also impacted the number of drivers on the road.
January 19, 2021Spending on Global Energy Transition Hits Record $500 Billion
The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels.
More Fleets Are Utilizing Remote Diagnostics
A growing number of motor carriers are taking advantage of remote diagnostics to streamline vehicle maintenance and reduce downtime, but fleets must know how to filter through the data to use this information effectively.
Yellen Says Aid to Jobless, Small Firms ‘Biggest Bang’ for Buck
Janet Yellen told lawmakers Jan. 19 that help for the unemployed and small businesses would provide the “biggest bang for the buck” as she made the case for President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan.
Rivian Reportedly Reaches $27.6 Billion Value on New Funds
Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.
Incoming CEO of XPO Spinoff Company Outlines Plans
Malcolm Wilson shared his hopes and plans Jan. 15 for when he becomes the first CEO of a new company splitting from XPO Logistics Inc.