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.
New President, Congress to Find Bipartisanship With Infrastructure, Lawmakers Say
A number of lawmakers and transportation stakeholders express optimism about the potential for advancing various infrastructure funding initiatives this year.
ATA Donation to Army Museum Shows Industry’s Commitment to Military, Spear Says
The trucking industry is lending its support to the new National Museum of the United States Army.
NACFE Plans Run on Less-Electric Event in September
The North American Council for Freight Efficiency announced plans for Run on Less-Electric, a technology demonstration of a variety of battery-electric trucks in everyday operation.
NHTSA Eyes Exemptions From Some Safety Rules for Self-Driving Cars
President Donald Trump’s administration is starting to update federal motor vehicle safety standards to exempt self-driving cars from crashworthiness standards that are applied to cars operated by humans, a move questioned by safety advocates.
Surging Shipping Rates Pose New Headwind for Global Economy
Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020.
East Coast Warehouse Acquires Temp-Distribution of Maryland
Temperature-controlled logistics provider East Coast Warehouse & Distribution has acquired Temp-Distribution of Maryland Inc.
January 14, 2021US Jobless Claims Jump by Most Since March, Approach 1 Million
Applications for U.S. state unemployment benefits surged last week by the most since late March, pointing to persistent labor market pain as coronavirus infections continue to soar and potentially adding to momentum for a larger federal stimulus plan.
Diesel Forward Acquires Dipaco
Diesel Forward is expanding its diesel fuel systems services by increasing its repair parts offering with the acquisition of Dipaco.
January 14, 2021DB Schenker Halts Deliveries to UK Due to Brexit Trouble
DB Schenker, a major logistics company owned by German rail giant Deutsche Bahn AG, suspended deliveries to the U.K. due to “significant” problems caused by post-Brexit red tape.
‘No Excuse for Failure’ on Infrastructure Policy, US Chamber Leader Says
Approving comprehensive legislation aimed at upgrading the country’s infrastructure systems is a way for the incoming Biden administration to stimulate an economy hard-hit by the pandemic, the leader of the U.S. Chamber of Commerce said.