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.
IG Audit Shows a General Decline in EPA’s Enforcement, Monitoring Activities
A new audit conducted by the Environmental Protection Agency’s Office of the Inspector General has documented a general decline from fiscal years 2006 to 2018 in the EPA’s compliance monitoring activities, enforcement actions and enforcement results.
Nissan Recalls More Than 250,000 Vehicles to Replace Takata Air Bags
Nissan is recalling more than a quarter-million SUVs, trucks and vans worldwide to replace potentially dangerous Takata air bag inflators.
April 2, 2020Appeals Court Denies Teamsters Motion in California Trucking Association Lawsuit
A federal appeals court has denied an effort to temporarily lift a lower court’s preliminary injunction blocking California from enforcing a state law that restricts how motor carriers classify independent operators.
Oil Soars After Trump Says Saudis and Russia Will Cut Production
Oil soared after President Trump said that he expects Saudi Arabia and Russia to cut output back by 10 million barrels or more after he spoke with Crown Prince Mohammed Bin Salman.
Franchise Restaurants Work Together to Feed Truckers
Some familiar franchise restaurants are taking steps to provide truck drivers with access to meals and parking while they’re making deliveries to help the nation combat the COVID-19 crisis.
Used Class 8 Sales Fall 15% in February
Class 8 used truck sales skidded by 15% in February and the average price dropped for the 10th consecutive month, ACT Research reported for the last month before the surge of the coronavirus.
Oil Tanks at Vital Africa Hub Almost Full as Crude Floods Market
Oil tanks at one of the world’s largest storage hubs on Africa’s southern tip already are almost full, limiting traders’ options as a historic flood of crude hits the market.
How Trucking Apps Support Drivers in Coronavirus Pandemic
Mobile apps are helping truck drivers tackle routing challenges for the swell of necessary deliveries brought on by the coronavirus.
US Unemployment Claims Hit 6.6 Million, Competition Mounts for Masks
The economic damage from the coronavirus crisis piled up as an unprecedented 6.6 million Americans filed for unemployment benefits in a single week, and the competition for masks and other protective gear intensified amid growing evidence that people who are infected but have no symptoms can spread the virus.
April 2, 2020Paccar Extends Production Shutdown
Paccar Inc. announced it will extend to April 20 its suspension of truck and engine production at its factories worldwide.
April 2, 2020