Trucking Business News

About Business News...

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.

Business

Amazon Will Spend $1.2 Billion on Employee Tuition, Courses

Amazon.com Inc. said it will pay college tuition for select frontline employees, becoming the latest big U.S. employer to offer educational perks to attract and retain workers in a tight labor market.

September 9, 2021
GovernmentBusinessLogistics

Canadian Pacific Moves Into Lead Position for Merger With KCS

Canadian Pacific Railway has edged ahead of rival Canadian National in the back-and-forth battle to acquire Kansas City Southern, as a key vote from KCS shareholders and an earlier ruling from the Surface Transportation Board point toward resolution of a duel that has been brewing for the better part of six months.

September 9, 2021
Business

Owner of Terminal at Port of Los Angeles Explores Sale

EQT Infrastructure, an arm of alternative-asset manager EQT AB, is exploring a sale of its 90% controlling stake in Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, according to people with knowledge of the matter.

September 9, 2021
Business

Walmart Breaks Green-Bond Record With $2 Billion Debut Sale

Walmart Inc. made its green bond market debut with a $2 billion offering Sept. 8, the largest ever from a U.S. corporation, according to data compiled by Bloomberg.

September 9, 2021
GovernmentBusiness

US House Kicks Off $3.5 Trillion Budget Process

Infrastructure and climate change priorities of President Joe Biden’s domestic agenda will be considered when congressional lawmakers return to the nation’s capital the week of Sept. 13.

September 9, 2021
GovernmentBusiness

White House Blasts Meatpackers for Grocery ā€˜Profiteering’

The Biden administration is taking aim at major meatpackers, charging that ā€œpandemic profiteeringā€ is squeezing consumers and farmers alike, with a few companies that dominate the industry raking in record profits.

September 9, 2021
BusinessLogisticsTop 100

UPS to Hire 100,000, Many in 30 Minutes or Less

The package delivery company said Sept. 9 that it plans to hire more than 100,000 people for the busy holiday shipping season, many of whom will get job offers within 30 minutes of applying.

September 9, 2021
GovernmentBusinessTechnologySafety

Distraction, Fatigue Continue to Challenge Drivers, Study Says

A new study has concluded that talking and singing in the cab are not distracting for truck drivers, but other common activities such as adjusting the seat belt, reaching for food or drink, and adjusting the instrument panel or mirrors showed significant risk of a crash or near-crash.

September 9, 2021
BusinessTechnologyEquipmentFuel

OEMs Outline Vision for EV Transition Phases, Targets for Next 20 Years

LONG BEACH, Calif.— Truck maker executives said they are preparing for when broader support for zero-emission vehicles will come and sales will climb. For now, financial incentives, sell-side rules and the promise of corporate sustainability goals are supporting the medium- and heavy-duty truck electrification market.

September 9, 2021
Business

California Natural Gas Prices Hit Highest Since Texas Crisis

California’s record heat is sending natural gas prices in the region to the highest since February as electricity demand surges at a time when supplies needed by power plants have been tight.

September 9, 2021