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.
US Factory Gauge Eases From Two-Year High as Employment Cools
U.S. manufacturing expanded at a slower pace in November, easing back from the strongest reading in two years as orders, employment and production cooled.
Bipartisan Senate Group Pitching $908 Billion Stimulus Plan
A bipartisan group of lawmakers in the House and Senate unveiled a $908 billion stimulus proposal Dec. 1 in an effort to break a monthslong impasse that is threatening to tip the economy back into contraction.
December 1, 2020House Democrats Press Trump Administration on Workforce Executive Order
President Donald Trump has created a new federal employment category that makes permanent jobs that were initially political appointments, formalizing a practice that presidential administrations have employed for years. However, congressional Democrats are expressing concern over the move.
Joe Biden Weighs Rahm Emanuel for Transportation Secretary
President-elect Joe Biden is considering former Chicago Mayor Rahm Emanuel, a substantial and somewhat divisive figure in Democratic Party politics, to serve as his transportation secretary.
Chicago Mayor’s Budget Plan, Including Fuel Tax Hike, Is Approved
The Chicago City Council has voted to approve Mayor Lori Lightfoot’s 2021 budget proposal, which includes a fuel tax increase.
Nikola CEO Mark Russell Forges New Path
Since taking the wheel at Nikola Corp. in September, Mark Russell has been adamant the electric-truck startup doesn’t need a deal with General Motors Co. to survive. Now he has to prove it.
KLLM, Pride Transport Increase Pay for Truck Drivers
KLLM Transport Services and Pride Transport joined the surge of trucking companies set to raise driver pay.
Assembling the Autonomous Truck
Truck makers and tech startups continue to make progress in their pursuit of autonomous trucks, but moving this elusive technology past the testing and development phase to broad commercialization will require a great deal of integration work.
ERoad Names Tim Hogan Chief Technology Officer
Telematics provider ERoad appointed Tim Hogan as chief technology officer, effective Nov. 30.
November 30, 2020Diesel Climbs 4¢ to $2.502 Amid Stronger Demand
The U.S. Energy Information Administration reported Nov. 30 in its weekly survey that trucking’s main fuel increased 4 cents nationwide.