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.
Trump Threatens Tougher Tactics With China on Trade
President Donald Trump is threatening to get “much tougher” with China on trade if he wins re-election in 2020.
July 30, 2019Majority of Trade Aid Went to Biggest Farms, Study Finds
More than half of the Trump administration’s trade war aid for farmers went to just 10% of the recipients in the program, according to analysis of payments by an environmental organization.
June Used Class 8 Prices Climb Even as Lots Grow Full
At a time of slowing freight volume and an increasingly adequate supply of power units, the average used Class 8 truck still brought a higher sales price in June than in the same month a year earlier, according to ACT Research.
Uber to Cut About 400 Employees, Citing ‘Mediocre Results’
Uber Technologies Inc. said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.
Diesel Drops by 1¢ to $3.034 a Gallon
The U.S. average retail price of diesel dropped by 1 cent to $3.034 a gallon, the Department of Energy reported July 29.
Lyft COO Jon McNeill to Depart Company
Jon McNeill, who was hired last year to run Lyft Inc.’s operations, is leaving the company. The founders, who have struggled to retain an operating chief, said they won’t hire a replacement.
Covenant 2Q Transport Revenue Up, Net Income Down
Covenant Transportation Group Inc. reported earnings of 33 cents per share on $6.1 million in net income in the quarter ending June 30, the company said in a July 24 news release.
FMCSA, NHTSA Extend Comment Window on Automated Driving Systems
The Federal Motor Carrier Safety Administration and the National Highway Traffic Safety Administration are extending the public comment period meant to gather input on automated driving systems.
Senate Panel to Consider 5-Year, $287 Billion Highway Bill July 30
The first step to a five-year, $287 billion reauthorization of the 2015 FAST Act highway law is scheduled for July 30 in the Senate, thanks to the leadership of the Environment and Public Works Committee. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
Pets Can Help Fleet Recruitment Efforts and Boost Driver Satisfaction
Many carriers allow truck drivers to bring along a cat or dog as a companion. For fleets, the benefits seem to outweigh the costs.