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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.

GovernmentBusiness

US Jobless Claims Tick Up to 745,000 as Layoffs Remain High

The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.

March 4, 2021
GovernmentBusinessTechnologyEquipmentFuelTop 100

FedEx Sets Plan for Carbon-Neutral Operations by 2040

FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.

March 3, 2021
BusinessFuelAutonomousTCA

Minnesota Proposal Would Tax Electricity as Fuel

As gas tax revenue declines because more people are buying electric vehicles, a Minnesota lawmaker has proposed a bill that would tax electricity as fuel at charging stations for electric vehicles.

March 3, 2021
BusinessTechnologySafety

No Final Hair Testing Rule Yet, but HHS Plans to Add More Drugs to Tests

Ron Flegel, chairman of the federal Drug Testing Advisory Board that developed the controversial proposed mandatory guidelines for federal drug testing using hair samples, was mum at a March 2 meeting on when HHS plans to issue a final hair testing rule.

March 3, 2021
Business

Walmart to Spend on US Products, Create 750,000 Jobs

Walmart Inc. pledged to support American manufacturers by spending an additional $350 billion on items made, grown or assembled in the U.S. over the next 10 years.

March 3, 2021
GovernmentBusinessFuel

Granholm Says Oil Industry Must Embrace Green Transition

Jennifer Granholm used her first speech as U.S. energy secretary to warn oil and gas companies they risk being left behind unless they embrace a transition to cleaner sources of energy, while offering them an opportunity to partner with the new administration.

March 3, 2021
BusinessTechnologyFuelAutonomous

VW’s Electric Car Stacks Up Well Against Tesla, Analyst Says

A teardown of Volkswagen AG’s first dedicated electric vehicle found it measures up favorably with Tesla Inc. models in several key aspects, sending the German carmaker’s shares to levels last seen before its diesel emissions scandal.

March 3, 2021
GovernmentBusinessEquipment

Frothy Cargo Market Spurs Vessel Owners to Flip Ships

Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.

March 3, 2021
GovernmentBusinessFuel

Jigar Shah to Run Energy Loan Office

The U.S. Energy Department has appointed Jigar Shah, a clean-power pioneer who helped bring solar into the mainstream, to run the loan-program unit that backed Tesla Inc. and failed solar manufacturer Solyndra.

March 3, 2021
BusinessTechnologyAutonomous

GM-Backed Cruise in Talks to Buy Startup Voyage

Cruise, the self-driving vehicle company majority owned by General Motors Co., is in talks to acquire Voyage, an autonomous technology startup that operates in retirement communities, according to people familiar with the matter.

March 3, 2021

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