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Government, Business

Pelosi Says ‘Just About There’ on Stimulus; Senate Hurdle Awaits

Steven Mnuchin and Nancy Pelosi. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi. (Andrew Harrer/Bloomberg News)

House Speaker Nancy Pelosi said she and Treasury Secretary Steven Mnuchin are “just about there” on a deal for a coronavirus relief package even as there are outstanding differences still being negotiated.

Erik Wasson and Billy House | Bloomberg News
October 22, 2020
Business

Transport Topics Radio

Transport Topics Radio

Transport Topics Radio is a weekly news roundtable airing Saturdays on SiriusXM channel 146 from 1-3 p.m. ET and rebroadcast Saturday nights from 11 p.m.-1 a.m. ET, and Sundays from noon-2 p.m. ET and 9-11 p.m. ET. Check out this week's lineup.

October 22, 2020
Government, Business, Logistics

Ports Report Strong September as Retailers Restock

Port of Oakland Shipping containers sit stacked at the Port of Oakland on March 19. (David Paul Morris/Bloomberg)

Just months after cargo volumes plunged amid the COVID-19 pandemic, the nation’s ports are staging a comeback as falling product inventory levels at warehouses, stores and medical facilities are being quickly replenished.

Dan Ronan | Associate News Editor
October 22, 2020
Business, Technology, Equipment

Continental Is Said to Explore Sale of Turbocharger Business

A Continental logo sits on display. (Andrey Rudakov/Bloomberg News)

Continental AG is exploring a sale of its turbocharger unit as the German auto-parts maker conducts a major restructuring to stem losses, according to people familiar with the matter.

October 22, 2020
Government, Business

US Jobless Claims Decline After California Resumes Reporting

Workers use grinders to smooth the welded joints for railroad suspension parts. Workers use grinders to smooth the welded joints for railroad suspension parts. (Ty Wright/Bloomberg News)

The number of Americans filing for unemployment benefits fell for the third time in four weeks, suggesting the labor market is still gradually recovering while remaining far from its pre-pandemic health.

Katia Dmitrieva | Bloomberg News
October 22, 2020
Government, Business, Logistics

Senators Laud Freight Rail Industry

CSX train Luke Sharrett/Bloomberg

As they advocated for additional emergency aid for transportation stakeholders, the leadership of a Senate committee touted freight railroads’ role during the coronavirus pandemic.

Eugene Mulero | Senior Reporter
October 22, 2020
Government, Business, Safety

Clarified Guidance Supports Health Care Access for Cross-Border Truckers

Truckers drive across the Ambassador Bridge Commercial trucks drive across the Ambassador Bridge on the Canada-U.S. border in Windsor, Ontario. (Cole Burston/Bloomberg News)

The College of Physicians and Surgeons of Ontario has clarified its policy on treating truck drivers who cross the border from the United States into Canada for essential operations.

Eleanor Lamb | Staff Reporter
October 21, 2020
Business, Logistics, Top 50, Top 100

Landstar System Reports Net Income, Revenue Increase for Q3

Landstar truck For Landstar, truckload volumes increased in the third quarter by 3% compared to the third quarter of 2019. (John Sommers II for Transport Topics)

Landstar System Inc. saw net income reach $61.9 million during the third quarter of 2020, the company reported Oct. 21.

Connor D. Wolf | Staff Reporter
October 21, 2020
Government, Business, Logistics

Tesla, Heinz Hit Brexit Snag in UK

Lines of trucks are seen queued along the M20 motorway near Ashford, England, on Sept. 24. Lines of trucks are seen queued along the M20 motorway near Ashford, England, on Sept. 24. (Leon Neal/Getty Images via Bloomberg)

Household-name companies including Tesla Inc. and Kraft Heinz Co. are racing to avoid a Brexit crisis at year-end, as a shortage of customs brokers threatens their ability to move goods between Britain and the European Union.

Joe Mayes | Bloomberg News
October 21, 2020
Business, Logistics

Top US Dealer Warns Automakers Are Missing Resupply Deadlines

Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich. Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich. (Jeff Kowalsky/Bloomberg News)

AutoNation Inc., the largest U.S. car retailer, is warning new-vehicle inventories remain thin as automakers miss resupply deadlines, which may mean fewer choices and higher prices for buyers.

Gabrielle Coppola | Bloomberg News
October 21, 2020

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