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.
OPEC+ Talks Collapse, Threatening Russia-Saudi Oil Alliance
OPEC+ talks ended in dramatic failure, signaling the possible end of a diplomatic alliance between Saudi Arabia and Russia that has underpinned crude prices and changed the balance of power in the Middle East.
March 6, 2020US Trade Deficit Narrows to $45.3 Billion in January
WASHINGTON — The U.S. trade deficit narrowed in January as exports fell but imports fell more. The politically sensitive trade gap with China widened.
Parsing Data to Better Understand Risk
Dozens of data sets go into using predictive analytics to determine a truck driver’s risk of being in an accident.
The Shame Police: Google Toys With Penalizing Slow-Loading Websites
Internet search goliath Google is toying with the idea of shaming slow-loading websites by displaying a “Usually loads slow” splash screen in place of a homepage when someone is trying to visit such sites.
While Self-Driving Car Hype Decelerates, Automated Trucks Grab Attention at CES
LAS VEGAS — Even as automated vehicle developers tamped down inflated expectations for fully self-driving passenger cars at CES 2020, several companies continued to tout the market potential for highly automated commercial vehicles.
Fleets Turn to Predictive Analytics to Prevent Crashes, Reduce Driver Turnover
A trucking company’s success and reputation depend directly on its drivers’ safety performance, but it’s not so easy to determine which drivers are most likely to be involved in a crash or incur a safety infraction.
How Smart Tire Technology Is Changing Fleet Management
Bob Herr can’t do it alone. Neither can the 85 drivers and the 90-vehicle fleet he manages at food service distributor Feesers Inc. For Herr and other fleet managers, intelligent tires are helping to prevent those costly and time-consuming tire failures.
Taking Truck Technology Mainstream
Highlighting the role of technology in freight transportation could broaden the industry’s appeal to a new generation of workers and entrepreneurs who just might consider careers in this essential business.
Court Strikes Down RIDOT’s Petition for Rehearing in Truck Tolls Case
The U.S. Court of Appeals for the First Circuit has denied the Rhode Island Department of Transportation’s petition for a rehearing in the legal battle over trucks-only tolls.
OPEC Gambles on Move to Force Russia Into Oil Production Cut
OPEC ministers took a high-stakes gamble, recommending a large production cut to offset the hit on demand from the coronavirus, without overcoming Russian opposition first.
March 5, 2020