Trucking Business News

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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

Job Losses Persist as Claims Come in Higher Than Forecast

Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus.

September 10, 2020
GovernmentBusinessSafety

Mitch McConnell’s Criticized Pandemic Relief Bill Fails to Secure Senate Vote

A new economic relief proposal by Senate Majority Leader Mitch McConnell fell short of passage in the chamber by a vote of 52-47.

September 9, 2020
GovernmentBusinessFuel

Blue States Sue to Stop Trump’s Arctic Refuge Drilling Plan

A group of 15 Democrat-led states sued to block the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, alleging the plan fails to account for the danger to wildlife and climate-change impacts.

September 9, 2020
BusinessTechnologyEquipment

Navistar Reports Drop in Fiscal Q3 Earnings

A near 50% decline in truck sales, caused by the impact of COVID-19 on the economy, resulted in Lisle, Ill.-based Navistar International Corp. reporting sharp losses in its fiscal third quarter.

September 9, 2020
GovernmentBusinessFuelLogistics

Oil Market Buckles Under Pressure of Pandemic’s Second Wave

Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.

September 9, 2020
BusinessTop 100

FedEx Prepares for Unprecedented Surge Ahead of Holidays

FedEx Corp. is positioning itself for what it is predicting will be an unprecedented peak holiday shipping season, the company said Sept. 8.

September 9, 2020
GovernmentBusinessSafety

FHWA Announces Availability of Tribal Projects Grants

The Federal Highway Administration announced the availability of $70 million through the Nationally Significant Federal Lands and Tribal Projects grant program Sept. 8.

September 9, 2020
BusinessLogisticsTop 50Top 100

UPS Holiday Season Hiring Will Top 100,000 Amid E-Commerce Boom

UPS Inc. said it will hire more than 100,000 seasonal workers to help handle an expected avalanche of holiday packages from online orders this year as shoppers avoid stores during the coronavirus pandemic.

September 9, 2020
GovernmentBusiness

US Job Openings Increased in July by More Than Forecast

U.S. job openings increased for a third straight month in July, consistent with a steady improvement in the labor market as the nation grinds its way forward from a pandemic-induced recession.

September 9, 2020
BusinessTechnologyLogisticsAutonomous

Walmart Tests Drone Delivery Amid Escalating Competition With Amazon

Walmart Inc. is entering the drone delivery wars, its latest move to counter Amazon.com Inc.’s dominance in e-commerce as more Americans choose to shop from home.

September 9, 2020

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