The moving industry is facing mammoth labor and truck driver shortages during the peak military moving season and an explosion of moving demands in the commercial market, possibly delaying unscheduled summer moves until August or September, according to American Trucking Associations' Moving and Storage Conference.
June 16, 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.
NRF Seeks Meeting With Biden Over Port Congestion Issues
Congestion and delays in the supply chain continue to be a major headache for the nationās retailers and now the National Retail Federation has asked President Joe Biden for a face-to-face meeting to discuss what can be done to improve the long delays.
June 16, 2021Alphabetās Waymo Raises $2.5 Billion After Key Departures
Waymo, Alphabet Inc.ās self-driving car unit, said it raised $2.5 billion in a recent funding round to help advance its technology and replace a management team rocked by departures.
June 16, 2021Sen. Manchin Cites āGrave Concernsā About US āGoing to the EVā
WASHINGTON ā U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed āgrave concernsā June 15 about the Biden administrationās drive to boost adoption of electric vehicles.
June 16, 2021Democrats Prepare Go-It-Alone Approach on Infrastructure
WASHINGTON ā Patience running thin, Democratic leaders are laying the groundwork for a go-it-alone approach on President Joe Bidenās big jobs and families infrastructure plans even as the White House continues negotiating with Republicans on a much more scaled-back $1 trillion proposal.
June 16, 2021Carriers, Independent Contractors Oppose California AB 5 Contractor Law
Trade organizations representing motor carriers and independent owner-operators alike say they strongly oppose a new California law that aims to reclassify large numbers of independent contractors as company employees, according to new documents filed in a recent appellate court challenge to the law.
June 16, 2021GM to Spend More on Electric Vehicles, Add Battery Plants
DETROIT ā General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.
June 16, 2021Chinese Trucking Startup Seeks $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in an initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.
June 16, 2021May Medium-Duty Sales Climb 36% From 2020 Period
U.S. retail sales in May for Classes 4-7 improved 36% compared with a year earlier, as all but the heaviest class showed strong gains, WardsAuto .com reported.
June 16, 2021Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand
Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.
June 15, 2021Trending
Newsletter Signup
Subscribe to Transport Topics
