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.
Marijuana Impairment Emerges as Safety Issue for Trucking, ATRI Study Says
Despite growing concerns in the trucking industry over a rise in the legal use of marijuana, there is a general lack of research on the relationship between use of the drug and crashes, as well as a need for better law-enforcement tools and training to detect impaired-driver use of the drug, according to new research by the American Transportation Research Institute.
Apollo Global Acquires Direct ChassisLink, Blume Global
Apollo Global Management acquired Direct ChassisLink Inc. and Blume Global Inc. from EQT Infrastructure, according to a joint news release from Apollo Global and Direct ChassisLink.
Fuel Tax Hike Coming to Alabama in New Infrastructure Law
Alabama Gov. Kay Ivey has signed into law the Rebuild Alabama Act, which includes a fuel tax increase to support infrastructure projects.
VW Pulls Truck Unit IPO in Setback to CEO’s Agility Revamp
Volkswagen AG canceled plans for a partial share sale in its Traton SE division, citing weak markets, a setback to the automaker’s plan to generate fresh funds for the heavy-truck unit’s expansion outside of Europe.
Fiat Chrysler Issues Emissions-Related Recall of 863,000 Cars in US
Fiat Chrysler Automobiles NV recalled almost 863,000 vehicles that violate U.S. emissions standards, another knock for the company after it agreed to make amends for building different trucks and SUVs that polluted more than legally allowed.
Medium-Duty Sales Dip in 'Noisy' Market
Sales of medium-duty vehicles in February dipped 3.6% from a year earlier amid a steeper decline in sales of the lightest trucks, WardsAuto.com reported.
Sizable Shipment of Tesla Model 3s Set for Norway
Tesla Inc. is set to make one of the largest deliveries yet of its new Model 3 car to Norway, one of the electric vehicle producer’s biggest markets.
US Cuts Oil Production Forecast for First Time in Six Months
The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico.
VW to Cut Jobs, Costs in Transition to Electric, Autonomous Cars
Volkswagen AG’s main car brand plans to deepen cost cuts and ax more jobs as profits slip in the industry’s shift to electric and self-driving cars.
Sector-Specific Messaging Key to Fighting Human Trafficking, Committee Told
WASHINGTON — Training materials on the subject of human trafficking are most effective when tailored to specific industry sectors, said Kendis Paris, executive director of Truckers Against Trafficking.