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.
Class 8 Orders Rise 23.2% in June
North American Class 8 orders in June approached replacement levels and reached the second-highest volume of the year.
Driver’s Untreated Sleep Apnea Contributed to 2018 Fatal Crash, NTSB Says
A National Transportation Safety Board investigation concluded that lack of a “robust medical certification evaluation process” on the federal level to identify and treat commercial drivers at high risk for obstructive sleep apnea was one of three safety issues that contributed to a fatal, multivehicle heavy truck-involved crash in 2018.
Utah Trucker Already Under Indictment Faces New Fraud Charges
A Utah trucking company owner already under federal indictment for his participation in a “pay-to-play” scheme has been charged with lying on a federal loan application to secure a $210,000 COVID-19 small business loan under the federal Paycheck Protection Program.
Musk Says Tesla Is ‘Very Close’ to Developing Fully Autonomous Vehicles
Tesla Inc.’s Elon Musk said the carmaker is on the verge of developing technology to render its vehicles fully capable of driving themselves, repeating a claim he has made for years but been unable to achieve.
July 9, 2020Layoffs Stuck at High Level as 1.3 Million Seek Jobless Aid
More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.
Interactive Map: Where the 2020 Top 100 For-Hire Carriers Are in North America
Find out where the carriers are by regions in North America.
July 9, 2020United Air Says 36,000 US Jobs at Risk Once Aid Ends
United Airlines Holdings Inc. notified 36,000 employees, or 45% of its U.S. workforce, that their jobs are at risk after federal payroll aid expires at the end of September.
Transportation Funding Bill Would Increase FMCSA Budget
FMCSA would receive $881 million for operations during the next fiscal year under legislation a House panel approved July 8.
Energy Transfer Says It Won’t Shut Dakota Access Despite Ruling
Energy Transfer LP said it’s not making any moves to empty its Dakota Access oil pipeline after a judge July 6 ordered the conduit shut while a more robust environmental review is conducted.
What a Manufacturing Shift Away From China Could Mean for Trucking
How will U.S. trucking be affected if certain businesses move out of China and into other parts of Asia or even to North America?