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.
Johns Hopkins Team Assessing Nation’s Bridges
BALTIMORE — Researchers at Johns Hopkins University in Baltimore are assessing the country’s bridges to determine the likelihood of a disaster like the one that collapsed the Key Bridge.
Unemployment Rates Up From 2023 in 78% of US Metro Areas
Unemployment rates were higher in more than three-quarters of metropolitan areas in the U.S. last month compared with a year ago.
Hyundai, Plus Team Up on Self-Driving Class 8 FCEV Truck
Hyundai Motor Co. and autonomous driving software specialist Plus unveiled what they say is the first Level 4 autonomous Class 8 hydrogen fuel cell electric truck in the U.S.
Cargo Thefts Remained Unusually High in First Quarter
The trucking industry struggled through an unusually high number of cargo thefts during the first quarter, according to Verisk Analytics’ CargoNet report.
Focus on Tire Recycling Renews as BEV Numbers Swell
Retreading is a key instrument in a fleet manager’s cost management toolbox, but what happens after tires reach the end of their life span?
Ports Report More Volume Gains for April
U.S. ports continued to see year-over-year container volume increases in April, with the Port of Los Angeles reporting its ninth consecutive month of year-over-year growth.
Tax Credit Lures Canada’s Largest Renewable Diesel Venture
Canada’s Alberta province has provided an Agri-Processing Investment Tax Credit to Imperial Oil Ltd. for a C$720 million project to build the nation’s largest renewable diesel facility.
Some Shipping Container Costs Hit $10,000
Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates.
VTNA Launches Volvo on Demand for Class 8 VNR Electric
Volvo Trucks North America is launching a term-based program that offers fleets a way to sample how a Volvo VNR Electric model would work in their fleets.
ATA Critical of Proposed Federal Downgrade of Marijuana
American Trucking Associations has expressed safety concerns over a Drug Enforcement Agency proposal to downgrade the classification of marijuana from Schedule I to Schedule III.