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.
COVID-19 Will Exacerbate Rural Transportation Funding Needs, TRIP Finds
Rural transportation needs face a significant funding deficit that will be compounded by the coronavirus pandemic’s blow to state revenue sources, according to a recent report from The Road Information Program.
Diesel Prices Show Signs of Leveling Off After Significant Declines
The average price of a gallon of diesel fuel fell only half a penny nationwide to $2.394 from $2.399 the previous week, according to the Energy Information Administration's weekly report May 11.
California Trucking Association Continues Fight Against AB 5
The California Trucking Association continues to lay the legal groundwork to block the state from enforcing a law aimed at reclassifying owner-operators as motor carrier employees.
Musk Says Tesla Poised to Defy California County, Reopen Car Plant
Elon Musk said Tesla Inc. is flouting the California county that has blocked its efforts to reopen its only U.S. car plant by restarting production at the facility.
May 11, 2020Airlines Balance Fewer Flights, Travelers Seeking Social Distance
U.S. airlines are grappling with one outcome of the deep schedule cuts they’ve made in response to near-zero travel demand: Many of the flights that remain are starting to fill up, complicating social distancing guidelines and angering some passengers.
Dana Hires Hong Yang for Electric Vehicle Systems Post
Dana Inc. announced Hong Yang joined the company as senior director of electric vehicle systems engineering for its commercial vehicle drive and motion business unit.
May 11, 2020Biggest US Car Dealer Declares Recovery Underway
AutoNation Inc., the biggest car dealership chain in the U.S., said consumers’ desire to travel again and do so in their own personal space is driving the industry’s rebound from the coronavirus pandemic.
Electric Truck Integration Poses Challenges for Fleets, Study Shows
Many fleets are looking to integrate electric trucks into their operations but are stymied by a series of obstacles that will slow the shift from diesel vehicles.
Saudi Arabia Cuts Oil Output Again
Saudi Arabia announced a surprise move to slash oil output to the lowest point in 18 years as it tries to spur the recovery from an energy crisis that has devastated the kingdom’s finances.
Harvesters Struggle to Recruit Foreign Crews During Pandemic
Kansas harvester Mike Keimig is growing increasingly anxious about whether the foreign seasonal workers he needs to run his nine combines and drive his grain trucks will arrive in time for the start of the winter wheat harvest, which is just weeks away.