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.
Truck, Engine Makers Refine Products to Meet 2021 GHG Emission Standards
Original equipment manufacturers and engine suppliers have found a variety of ways to meet the challenges posed by the 2021 Phase 2 standards for greenhouse gas emissions and fuel efficiency.
Biden Plots Economic Recovery in Meeting With CEOs, Union Heads
President-elect Joe Biden met Nov. 16 with the chief executives of General Motors Co. and Microsoft Corp., as well as key labor leaders, as he begins to outline how to contain the coronavirus pandemic and revive the economy during his administration.
California Seeks 150 Participants for Road User-Charge Research
As part of continued work to study an alternative to the state fuel tax, the California Department of Transportation is seeking 150 volunteers for road user-charge research.
House Democrats Press White House to Preserve Records
The top transportation policymaker in the U.S. House of Representatives joined the chamber’s senior Democrats in recently calling on the Trump White House to comply with federal record-keeping laws.
Home Depot Reunites With HD Supply in Deal Catering to Pros
Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart.
China Calls for Rejecting Protectionism as It Braces for Biden
Chinese Vice President Wang Qishan called for global solidarity and a shift away from protectionism as Beijing grapples with the prospect of a new administration in Washington.
Meritor, DTNA Extend Air Disc Brake Deal
Meritor Inc. and Daimler Trucks North America announced that Meritor EX+ LS air disc brakes will be standard on all wheel positions on Freightliner Cascadia truck models through 2025.
November 16, 2020Surprise Cargo Surge Could Surpass Last Year’s Holiday Period
Freight carriers including container shippers and cargo airlines say global demand is building toward a seasonal peak that could outstrip last year’s as more consumers shop online to overcome coronavirus curbs.
CVG Posts Lower Earnings, Revenue in Q3
CVG reported lower net income and revenue in the third quarter as a result of a drop in commercial vehicle build rates offset by results from warehouse automation initiatives in the expanding e-commerce environment.
Meritor Fiscal Q4 Earnings Cut by Falling Demand
Meritor Inc. reported lower fiscal fourth-quarter net income and revenue, pointing to the COVID-19 pandemic’s effect on customer demand.
November 16, 2020