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.
Canadian Minister Sees Progress on Rail Blockades
Canadian Prime Minister Justin Trudeau’s public safety minister said police are withdrawing from the First Nation protest site at heart of demonstrations that have paralyzed Canada’s railways.
First Impressions, Earning Drivers’ Trust Key to Recruiting, Expert Says
NASHVILLE, Tenn. — The condition of the truck a new hire is assigned to makes an important impression on that driver, according to Scott Dismuke, director of agents for the Professional Driver Agency.
Kenworth, Meritor Partner on Electric Heavy-Duty Trucks
Kenworth Truck Co., a unit of Paccar Inc., announced it will collaborate with Meritor Inc. on electric powertrain development for its T680E model Class 8 battery-electric vehicles.
February 20, 2020Top Congressional Republicans Press for Action on Highway Bill
Congress resumes its legislative agenda amid recent calls from Republican leaders on the transportation committees for passage of a highway bill meant to update a law expiring in seven months.
January Trailer Orders Down 43% Year-Over-Year
Net trailer orders in the United States for January underscored that caution remains a central factor in fleets’ equipment purchasing plans, as orders sank to the lowest total of any January in 10 years, ACT reported.
Officials: Progress Continues on ELD Enforcement, Proposed HOS Changes
LAS VEGAS — Enforcement of the federal electronic logging device mandate is progressing, and regulators are working to finalize a proposal to add flexibility to driver hours-of-service rules, government and industry officials said.
VW to Start Search for New CFO
Volkswagen AG Chief Financial Officer Frank Witter is set to leave by the middle of next year after the carmaker agreed not to extend his contract by the customary five-year period, according to people familiar with the matter.
Maersk CEO Soren Skou Predicts ‘Sharp’ Rebound After Coronavirus Peaks
A.P. Moller-Maersk A/S, the world’s largest container shipping company, is positioning itself for a strong rebound in two months, based on an expectation that the fallout of the coronavirus on global trade may soon peak.
Connecticut Gov. Ned Lamont Hits Pause on Trucks-Only Toll Vote
Gov. Ned Lamont has called for a pause on the vote for trucks-only tolls in Connecticut after repeated delays from lawmakers to convene for a vote.
FMCSA Mulls Petition to Ease Requirements for Deaf Truck Drivers
Federal trucking regulators are reviewing a petition filed by the National Association of the Deaf seeking to relax requirements for deaf truck and bus drivers.