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.
White House Leaves Stimulus to Congress After Failed Talks
The Trump administration is stepping back from negotiations on a new stimulus package and leaving it to Senate Majority Leader Mitch McConnell to revive long-stalled talks with House Speaker Nancy Pelosi, according to people familiar with the situation.
November 12, 2020Elaine Chao Helps Kick Off Women In Trucking Association’s Conference
The Women In Trucking Association’s annual conference, held virtually out of safety concerns related to the coronavirus pandemic, kicked off with a message of positivity Nov. 12.
IG Report Outlines Top Management Challenges for FMCSA
A federal oversight report calls on the Federal Motor Carrier Safety Administration to provide more “robust oversight” of states’ compliance with commercial driver license and driver medical exam requirements.
Number Seeking US Jobless Aid Drops to Lowest Since March
The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March and a further sign that the job market might be slowly healing.
Amazon to Expand In-Garage Delivery to 4,000 US Cities
Amazon .com Inc. is about to see whether shoppers wary of contact with package delivery drivers would rather let them into the garage instead.
Rep. Donald Payne Aims for Railroads Subcommittee Chairmanship
A senior member of New Jersey’s congressional delegation is vying to lead the panel with jurisdiction over the country’s freight and passenger railroad affairs.
FedEx in Partnership to Use Facilities as Cloud Service Hubs
Dell Technologies Inc., FedEx Corp. and Switch Inc. are building a U.S. network of data centers, offering businesses an alternative to maintaining their own server farms or using major cloud providers such as Amazon .com Inc. and Microsoft Corp.
Pfizer Vaccine Road Map Shows Logistical, Financial Obstacles
When Pfizer Inc. and BioNTech SE’s COVID-19 vaccine rolls off production lines, Shanghai Fosun Pharmaceutical Group Co. will be waiting to distribute it through a complex and costly system of deep-freeze airport warehouses, refrigerated vehicles and inoculation points across China.
November 12, 2020October Class 8 Sales Underscore Replacement Demand
Class 8 U.S. retail sales in October remained 18.4% below year-ago levels and closed in on 19,000 to signal replacement demand is strong, analysts said.
Food Retail Carriers Anticipate High-Demand Holiday Season
The food retail sector and fleets that support it are headed for a particularly busy holiday season, experts say.