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.
Medium-Duty Sales Notch Year-Over-Year Increase in November
Classes 4-7 U.S. retail sales in November surpassed 18,000 and jumped nearly 10% compared with a year earlier as only Class 7 failed to post a year-over-year gain, WardsAuto.com reported.
US Factory Output Rises More Than Forecast on Auto Production
U.S. manufacturing output rose by more than forecast in November thanks to a boost in auto production, helping factories continue to rebound toward their pre-pandemic capacity and strength.
Texas Truckers Fight Inflated Medical Costs in Litigation
Trucking officials and tort reform advocates in Texas have introduced legislation seeking to end schemes between plaintiff attorneys and doctors under which medical costs related to truck accidents are overstated in court litigation.
Diesel Rises 3.3¢ in Sixth Straight Increase
The average price of diesel increased by 3.3 cents a gallon nationwide to $2.559, according to weekly data released by the U.S. Energy Information Administration on Dec. 14. Still, trucking’s primary fuel costs 48.7 cents less than it did a year ago.
Crunch Time for COVID-19 Relief as Bipartisan Bills Unveiled
WASHINGTON — A bipartisan group of lawmakers was unveiling a detailed COVID-19 aid proposal Dec. 14 as Congress labored toward a final agreement on a new round of virus relief.
Fed to Weigh Further Options for Aiding US Economy
WASHINGTON — The Federal Reserve’s policymakers face an unusual conundrum as they meet this week: a short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines
New Toyota Fuel Cell System Close to Being Available to Class 8 Makers
Toyota Motor Corp. unveiled a second-generation fuel cell system that is nearing the point when it could be offered to heavy-duty truck builders looking to build hydrogen-powered tractors.
The Coronavirus Crisis
The spread of the coronavirus in the United States was having an impact on travel, business, the economy and many other aspects of American life. Here are some images of that impact.
December 14, 2020Federal Maritime Commission Worries About Delays at Ports
The leadership of the Federal Maritime Commission says it is becoming worried that ocean carriers may be assessing unfair detention and demurrage charges at the ports of Los Angeles and Long Beach, Calif., as well as the Port Authority of New York and New Jersey.
Virginia Board Approves Six-Year Improvement Program for Transportation
The Commonwealth Transportation Board recently approved Virginia’s transportation improvement program, which aims to advance projects on schedule despite the financial ramifications of COVID-19.