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.
Highway Bill Stuck in Limbo Amid Negotiations
Less than two months before the country’s current highway policy law expires, congressional leaders and the White House are plodding through negotiations on a new highway bill.
Diesel Increases 0.4¢ to $2.428 for First Increase in Four Weeks
The average price of diesel increased for the first time in four weeks, inching up four-tenths of a cent nationally to $2.428 per gallon on Aug. 10, according to the Energy Information Administration’s weekly report.
Stocks Briefly Erase Pandemic Losses; Oil Rallies
U.S. stocks briefly surpassed the all-time closing high reached before the coronavirus pandemic, propelled by surging technology shares. The dollar weakened, and Treasury yields rose to five-week highs.
Class 8 Sales Show Resurgence in July
U.S. Class 8 retail sales in July cleared 14,000 for the highest total since March, WardsAuto.com reported as the freight economy grew stronger.
Commercial Trucks Pick Up Speed on Road to Sustainability
Commercial trucking is making progress with sustainability, but obstacles and unknowns remain, according to a coalition of industry groups.
Labor Abuse Allegations Tie Up Ships in Australia Ports
Australian authorities detained at least two cargo ships for alleged labor violations related to demands from seafarers to be sent home, some of whom have spent more than a year at sea.
August 12, 2020Planning Group Launches Truck Parking Survey for Phoenix Region
An organization representing the Phoenix metropolitan area is conducting a study of truck parking issues in the region.
Uber CEO Threatens Future Shutdown in California Over Labor Law
Dara Khosrowshahi, CEO of Uber Technologies Inc., threatened to temporarily shut down service in California if it loses a drawn-out fight over a state law seeking to reclassify contractors as employees.
Planning Expert Emphasizes Health Considerations in Public Policy
Public agencies at all levels of government, including the ones related to transportation, should incorporate health considerations into policy decisions, a planning expert said.
Hyperion to Unveil Hydrogen-Powered Supercar, but Needs Investors
With little more than sketches and not fully baked prototypes, a crowd of electric vehicle startups have rounded up billions from investors. Can that fundraising engine drive a hydrogen-powered car?