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.
China Approves Tariff-Free US Soybean Purchases
The Chinese government has given the go-ahead for five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory import tariffs as trade negotiations between the two nations continue, according to people familiar with the situation.
July 24, 2019ATA: Trucking Industry Was Short More Than 60,000 Drivers in Meeting Demand at End of 2018
The U.S. trucker shortage swelled by more than 10,000 to 60,800 in 2018 from a year earlier and is expected to more than double to 160,000 over the next decade, according to new numbers released by American Trucking Associations.
Daimler Posts 2Q Loss on Higher Revenue
Daimler AG outlined a series of moves to return to profitability after posting a net loss in the second quarter, particularly at its largest division, Mercedes-Benz cars.
Small Trucking Firms See Tighter Lending Standards
With a freight recession underway, industry experts said creditors are applying tighter standards to many trucking firms, or any firm with a troubled history.
Glider Truck Maker Fitzgerald Wages Court Battle Over IRS’ $64 Million Excise Tax Bill
A federal judge has ruled that Fitzgerald Truck Parts and Sales can proceed with its lawsuit disputing an IRS claim that the glider truck maker owes more than $64 million in back tractor-trailer federal excise taxes, penalties and interest.
FEMA Official Touts Disaster Mitigation Program at US Chamber of Commerce
WASHINGTON — A new disaster mitigation program enacted into law last year received a resounding endorsement from a Federal Emergency Management Agency official addressing executives at the U.S. Chamber of Commerce on July 23.
UPS Will Go to Seven-Day Ground Service in 2020
UPS Inc. is joining the seven-day-a-week delivery business, announcing July 23 that beginning Jan. 1, 2020, the Atlanta-based shipping giant will add Sunday nationwide ground service.
Department of Labor Opinion: Driver Sleeper Berth Off-Duty Time Need Not Be Compensated
The U.S. Department of Labor has clarified that the time drivers spend in sleeper berths does not count as compensable time, unless they are actually performing work or are on call.
2019 Arkansas Truck Driving Championships
Scenes from the Arkansas Truck Driving Championships held July 11-13 in Rogers. (Arkansas Trucking Association)
July 23, 2019Design Interactive Introduces Virtual Equipment Training
Design Interactive Inc. announced its Virtual Equipment Training feature to be used with Augmentor, its transportation-focused augmented reality software.
July 23, 2019