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.
Diesel Price Slides 0.7¢ to $2.976 a Gallon as It Falls for Eighth Straight Week
The U.S. average retail price of diesel dropped 0.7 cent to $2.976 per gallon, the Department of Energy reported Sept. 3, as the price of crude dropped 2% amid the ongoing U.S.-China trade dispute.
FMCSA Proposes 2020, 2021 Reductions to Commercial Vehicle Registration Fees
The Federal Motor Carrier Safety Administration has issued a proposed rule that would continue to reduce commercial vehicle registration fees in 2020 and 2021, the agency said in a Federal Register announcement on Aug. 27.
Scam Uses DOT Biennial Update Deadlines to Target Wisconsin Trucking Firms
Wisconsin-based trucking companies have been warned about scam letters informing them they have accrued late fees by failing to file their biennial update with the U.S. Department of Transportation on time.
Chevron Lays Groundwork for Venezuela Exit Before Waiver Expires
Chevron Corp. appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to extend a waiver allowing it to continue operating in the country.
Tesla Driver Seen Gazing Down Before 2018 Crash on Autopilot
The driver of a Tesla Inc. car that slammed into a fire truck in Southern California last year was looking down at what appeared to be a mobile phone while the car’s Autopilot feature was engaged, according to a witness report and other data released by investigators.
US Soy Shippers Get Small Perk From Otherwise Horrid Trade War
The trade war between the U.S. and China continues to surprise agricultural markets, even delivering an unexpected reprieve for American farmers who have otherwise been roiled by the conflict.
New Jersey Mall Could Mean Wall-to-Wall Traffic
After 16 years of false starts, the behemoth American Dream retail and amusement complex is set to open just west of Manhattan. To get there, an expected 40 million visitors must join the traffic-choked roads of northern New Jersey.
On-Time, In-Full
To provide more aggressive delivery options, retailers have been placing increasingly stringent delivery windows on suppliers and their trucking companies.
US Manufacturing Activity Contracts in August
WASHINGTON — U.S. factory activity shrank in August for the first time since August 2016, a sign that the trade war with China is weighing down a crucial sector of the economy.
CNH Industrial to Invest $250 Million in Nikola Motor Co.
Startup truck manufacturer Nikola Corp. has secured a commitment of $250 million in funding from CNH Industrial N.V. — a leader in natural gas-powered trucks and buses and the parent company of Iveco trucks — in a move designed to accelerate the use of heavy-duty trucks that use battery-electric and fuel cell technologies in North America and Europe.