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.
Ports See Huge Volume Swings in 2020
Amid these dramatic swings in demand, ports have continued to pursue infrastructure improvement projects.
November 13, 2020North America’s Busiest Cargo Airports
While it remains to be seen how the pandemic might shift air freight patterns over the long term, this listing of the 100 busiest cargo airports in North America provides an overview of the most important hubs for air freight.
November 13, 2020USMCA Bodes Well for Cross-Border Freight
Both the improved trade activity and a promising future for the USMCA are favorable developments for trucking because 80% of cross-border trade moves via truck.
Global Trade Recovering Amid Pandemic
Freight carriers across the world experienced dramatic market shifts and volume swings in 2020.
UPS, FedEx Face Stress Test From Amazon’s ‘Christmas Creep’
FedEx Corp. and UPS Inc. are girding for their biggest test yet in the e-commerce era, with “Christmas Creep” pushing the holiday shopping season ever earlier and stretching the limits of shipping networks already strained by the COVID-19 pandemic.
Kristy Knichel, Jodie Teuton Tie for Women In Trucking Award
Kristy Knichel, CEO of Knichel Logistics, and Jodie Teuton, vice president of Kenworth of Louisiana, won the Women In Trucking Association’s Influential Woman in Trucking award, marking the first time the contest resulted in a tie.
EV Optimism Surges on Prospect of Biden Administration
Electric vehicle startups extended their winning streak on Nov. 13, buoyed by strong earnings results from some of their peers and Joe Biden’s projected presidential win.
Ford May Build Batteries to Power New Wave of EV Models
Ford Motor Co. is considering building the batteries to power a fleet of new electric vehicles as it prepares to cut back production of engines for its traditional gasoline-powered models.
KAG Completes Acquisition of Fort Transfer Co.
The Kenan Advantage Group Inc. announced it completed the acquisition of Fort Transfer Co. in Morton, Ill.
November 13, 2020Meritor Announces CEO Succession Plan
Meritor Inc. announced Jay Craig, CEO and president, will transition to the role of executive chairman of the board of directors on Feb. 28, 2021. Chris Villavarayan, executive vice president and chief operating officer, will succeed him in both roles, and will join the board.