Business
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.
Diesel Drops 1.8¢ to $2.404 a Gallon
The price of diesel, trucking’s main fuel, dropped 1.8 cents to $2.404 a gallon in its third consecutive decline, the Energy Information Administration reported Sept. 21.
US Stimulus Prospects Darken With Strains Over Supreme Court
The eruption of a partisan battle over replacing Supreme Court Justice Ruth Bader Ginsburg damaged already-slim prospects for another round of U.S. fiscal stimulus, threatening to undermine the recovery in the coming months.
Rivian Faces Ban From Michigan Car Dealers in Direct-Sales Fight
Michigan auto dealers are trying to block startup electric carmakers including Rivian Automotive Inc. and Lucid Motors Inc. from following in Tesla Inc.’s footsteps by selling vehicles directly to consumers and servicing them in the state.
Walmart Aims to Eliminate Emissions From Its Fleet by 2040
Walmart Inc. on Sept. 21 outlined its goals to achieve zero-emission operations, which include fully converting its fleet to electric trucks.
Federal Drug Official Defends Proposed Guidelines for Hair Testing
The chairman of a federal drug-testing advisory board that developed the controversial proposed mandatory guidelines for hair drug testing of truck drivers, other workers in safety-sensitive jobs and federal employees has responded to what he called “misconceptions” about the proposal by opponents.
FedEx Seeks to Add Small Self-Flying Planes for Remote Areas
FedEx Corp. is looking at using small self-flying cargo planes to serve remote areas after experimenting with a technology startup on autonomous aircraft, CEO Fred Smith said.
N.Y. Judge: Postal Service Must Process Election Mail in Timely Manner
The U.S. Postal Service must live up to its responsibilities to timely process election mail by treating it as a priority, a New York judge ordered Sept. 21, adding that the agency’s workers should be permitted to make extra deliveries and work overtime near the November presidential election.
Elon Musk Gets Shot to Deliver on Tesla’s ‘Battery Day’ Hints
Tesla Inc. will provide a highly anticipated technology update Sept. 22 when Elon Musk takes center stage at an event the CEO has dropped hints about for months — and which has helped propel the company’s sky-high valuation.
Thermo King Debuts Unit to Support COVID-19 Cold Chain
Thermo King announced the launch of its Cold Storage Solutions unit intended to meet the unique requirements of global pharmaceutical companies developing COVID-19 vaccines.
September 21, 2020FMCSA Launches Driver Panel for Advisory Committee
The Federal Motor Carrier Safety Administration has created a panel of commercial drivers to contribute to the agency’s Motor Carrier Safety Advisory Committee.