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.
Yokohama, Continental Suspend Production of New Tires
Two more manufacturers have idled production of new tires amid the nationwide economic slowdown brought on by the coronavirus.
EPA Temporarily Suspends Enforcement of Environmental Rules
The Environmental Protection Agency has announced it is temporarily suspending enforcement of its environmental rules, saying it will “generally not seek stipulated or other penalties for noncompliance” during the COVID-19 outbreak.
TuSimple, ZF Pair to Develop Technology for Autonomous Trucks
Autonomous driving company TuSimple has reached a deal with German vehicle components maker ZF Friedrichshafen to develop and commercialize technology for autonomous trucks.
Trucking Stakeholders Offer Suggestions to FMCSA for Large-Truck Crash Study
Trucking industry trade groups and other stakeholders have made a variety of suggestions to federal trucking regulators about how they should design and conduct a new major study to identify factors contributing to reportable large-truck crashes.
California Agency Approves $2.6 Billion for Multimodal Improvements
The California Transportation Commission recently approved $2.6 billion in funding for multimodal improvement projects.
Toyota Shifts Factories to Face Shields, Will Help Device Makers
Toyota Motor Corp.’s idled manufacturing facilities in the U.S. will make much-needed face shields and masks, and the Japanese automaker is closing in on deals with medical-device makers to help them boost production.
FedEx Ground to Close Pennsylvania Facility, Cutting 186 Jobs
FedEx Ground will be shutting down its package delivery facility in Clinton, Pa., on May 16, eliminating 186 jobs.
Canadian Crude Now Costs More to Ship Than to Buy
Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.
Kicking the Tires Becoming Obsolete as Truck Auctions Shift to Online Sales
The big auction houses increasingly are turning to digital sales to move used heavy-duty trucks.
Record Number of Workers File for Unemployment Benefits
A record 3.3 million Americans filed for unemployment benefits after the coronavirus outbreak forced the shutdown of major industries, small businesses and gig workers.