Business

About Business News...

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.

Government, Business

Ex-UAW President Gary Jones Charged With Corruption

DETROIT — Prosecutors on March 5 charged the former president of the United Auto Workers with corruption, alleging he conspired with others at the union to embezzle more than $1 million.

Ed White | Associated Press
March 5, 2020
Business, Technology, Equipment, Fuel

Volvo Trucks Redesigns Four Key Heavy-Duty Models

Volvo Trucks announced driver-focused redesigns on four heavy-duty cabover models, calling the effort its — and the industry’s — biggest product launch ever.

Roger Gilroy | Senior Reporter
March 5, 2020
Government, Business, Safety

FMCSA Clearinghouse Operational After Technical Difficulties

The Federal Motor Carrier Safety Administration’s Drug and Alcohol Clearinghouse is functioning normally after experiencing connectivity issues that rendered the system unable to validate commercial driver licenses.

Eleanor Lamb | Staff Reporter
March 5, 2020
Business, Technology

What Developments Will Impact Your Business This Year?

PrePass discusses five trends that will have a big impact on trucking in 2020: Increasing marijuana use, changing truck driver demographics, connected vehicles, the internet of things (IOT) and trucking data security.

March 5, 2020
Business, Equipment

February Class 8 Orders Decline

Class 8 orders dropped to 14,100 in February, ACT Research reported, citing preliminary results. In what typically is a weak month, fleets remained cautious amid challenging freight levels, overcapacity and the spreading coronavirus as a backdrop.

Roger Gilroy | Senior Reporter
March 5, 2020
Government, Business, Safety

Fired Driver's Civil Suit Against CBD Companies Set for Trial in October

Doug Horn, who was fired from his driving job after testing positive for marijuana after using CBD oil, has sued the companies that produced, sold and distributed the CBD.

Eric Miller | Senior Reporter
March 5, 2020
Business, Fuel

Seven & i Scraps $22 Billion Plan for Marathon’s Speedway Gas Stations

Seven & i Holdings Co. scrapped plans to acquire Marathon Petroleum Corp.’s Speedway gas stations for $22 billion, according to sources familiar with the matter, ending a deal that would have been among the world’s biggest this year.

March 5, 2020
Government, Business, Safety

Movie Industry’s Drivers Seek Exemption From Full Clearinghouse Queries

A group that provides commercial motor vehicle driver services for major motion pictures studios, independent productions and commercial production houses in the U.S. has asked for an exemption that would allow it to conduct limited queries of the Drug and Alcohol Clearinghouse for its drivers, the Federal Motor Carrier Safety Administration announced March 5.

Eric Miller | Senior Reporter
March 5, 2020
Business, Technology, Autonomous

Self-Driving Pioneer Anthony Levandowski Goes Bankrupt After $179 Million Ruling

Anthony Levandowski, one of Silicon Valley’s most highly prized engineers, filed for bankruptcy after Google won a $179 million award against him over his defection to Uber Technologies Inc.

Joel Rosenblatt | Bloomberg News
March 5, 2020
Business, Technology, Equipment, Safety, Autonomous

TuSimple Expands Autonomous Trucking Program With UPS

Autonomous-driving technology company TuSimple is expanding its freight-hauling pilot program with UPS to 20 trips a week and adding another route.

Jerry Hirsch | Contributing Writer
March 5, 2020