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.

Business, Technology, Safety

Software to Allow Fleets to Make Sure Drivers Buckle Up

A software tool launching in the third quarter of 2024 is set to allow carriers to make sure drivers are buckled up before they set off, the developer said.

Keiron Greenhalgh | Staff Reporter
June 12, 2024
Business, Equipment, Breaking News

US Class 8 Sales Fall 18% in 10th Straight Month of Declines

U.S. Class 8 retail sales hit their 10th consecutive month of year-over-year shortfalls in May, according to data from Wards Intelligence.

Connor D. Wolf | Staff Reporter
June 12, 2024
Government, Business

Tennessee in July to Curb Predatory Vehicle Booting, Towing

In a move to combat predatory towing in the state, after July 1 Tennessee will prohibit installation of a boot on any truck or trailer clearly identified as a commercial vehicle.

Noël Fletcher | Staff Reporter
June 12, 2024
Government, Business, Technology, Safety

Thieves Target EV Charging Stations for Copper Wiring

Thieves have been targeting EV charging stations, intent on stealing the cables, which contain copper wiring.

Tom Krisher | Associated Press
June 12, 2024
Government, Business

US Inflation Cooled in May

WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed. 

Christopher Rugaber | Associated Press
June 12, 2024
Business, Logistics, For-Hire

FedEx to Cut Up to 2,000 Europe Jobs

FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.

Cailley LaPara | Bloomberg News
June 12, 2024
Government, Business, Logistics

Traffic Resumes Through Port of Baltimore

BALTIMORE — Authorities anticipate commercial shipping traffic through the Port of Baltimore will soon return to normal levels since the channel fully reopened earlier this week.

Lea Skene and Brian Witte | Associated Press
June 12, 2024
Government, Business, Logistics, Private, Global Freight

Thousands of Drivers File Arbitration Claims Against Amazon

NEW YORK — Thousands of delivery drivers filed legal claims against Amazon on June 11, alleging the company’s classification of them as independent contractors has led to unpaid wages.

Haleluya Hadero | Associated Press
June 11, 2024
Government, Business, Safety

PHMSA Proposes to Increase Registration Fees

The Pipeline and Hazardous Materials Safety Administration has proposed to raise to the maximum level permitted by Congress registration fees that are paid by hazardous materials carriers.

Eric Miller | Senior Reporter
June 11, 2024
Government, Business, Technology, Safety

FHWA Chief Touts Emerging Transportation Technologies

WASHINGTON — Adopting emerging technologies across the transportation landscape will improve safety for commuters and the freight sector, the nation’s top highway director said.

Eugene Mulero | Senior Reporter
June 11, 2024