Biden administration officials say they’re starting to see signs of relief for the global semiconductor supply shortage, including commitments from manufacturers to make more automotive-grade chips for car companies that have had to idle production.
July 20, 2021Trucking 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.
Driver Shortage Linked to Lifestyle Considerations, Costello Says
The persistent truck driver shortage is a complicated issue that is tied in part to quality-of-life considerations, according to American Trucking Associations Chief Economist Bob Costello.
July 20, 2021J.B. Hunt Reports $2.91B Revenue for Q2
J.B. Hunt Transport Services Inc. reported gains in profit and revenue for the second quarter of 2021.
July 20, 2021DeFazio Blasts Bipartisan Senate Infrastructure Plan
Rep. Peter DeFazio, the Democratic chairman of the House Transportation and Infrastructure Committee, blasted the Senate’s bipartisan infrastructure deal, saying there are “extraordinary deficiencies†in the plan that is backed by President Joe Biden.
July 20, 2021BHP Mulls Oil Exit in Retreat From Fossil Fuels
BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter.
July 20, 2021Truck Tonnage Rises Slightly in June
Truck tonnage in June inched up 0.5% compared with year-ago levels, a slowdown compared with recent months amid a tempering of freight activity nationwide, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
July 20, 2021World’s Road Fuel Demand to Peak Earlier Than Expected
Demand for gasoline and diesel to fuel cars and trucks will peak in 2027 — four years earlier than expected — as more fuel-efficient autos and increasing adoption of electric vehicles curb global consumption, according to BloombergNEF.
July 20, 2021New Cybersecurity Order Issued for US Pipeline Operators
WASHINGTON — The Department of °®¶¹´«Ã½land Security on July 20 announced new requirements for U.S. pipeline operators to bolster cybersecurity following a May ransomware attack that disrupted gas delivery across the East Coast.
July 20, 2021Georgia Port Chief Sees US Import Surge ‘Easily’ Lasting Into 2022
The head of one of the largest U.S. gateways for trade said robust demand for imported goods likely will be sustained into 2022 as companies scramble to rebuild stockpiles during an uneven rebound from the pandemic.
July 20, 2021Honda Ditches Go-It-Alone Strategy to Make Safer Move Toward EVs
Honda Motor Co. long eschewed big strategic alliances, preferring to go it alone even as many of its carmaking peers banded to improve economies of scale. That strategy is changing now that the Japanese automaker is shifting more aggressively to electric vehicles.
July 20, 2021Trending
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