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.
Federal Rule Will Allow States to Waive Permit Tests for Veterans
A new federal rule will allow state driver’s licensing agencies to waive the requirement of the commercial learner’s permit test for individuals who worked in a military position that required operating a truck within the last year.
Carrier Transicold Highlights Vector HE 19 at IAA
Carrier Transicold Europe showcased several new products at the IAA Commercial Vehicles Show in Hanover, Germany, as well as its sustainable transport solutions.
US Economy Grew at Robust 4.2% Rate in Q2
WASHINGTON — The U.S. economy grew at a robust annual rate of 4.2% in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade
ATA Challenges California’s Meal, Rest Break Rules in Petition to FMCSA
American Trucking Associations has petitioned the trucking industry’s top regulator to determine that California’s meal-and-rest-break requirements are pre-empted under federal regulations.
Ex-Pilot Flying J President Mark Hazelwood Sentenced to 12½ Years
Former Pilot Flying J President Mark Hazelwood was sentenced to 12½ years in prison and fined $750,000 on Sept. 26 for his leadership role in a multimillion-dollar scheme to cheat truckers out of diesel fuel rebates.
US-Canada NAFTA Spat Expected to Run Past Sept. 30 Deadline
Canada is signaling that this week’s NAFTA deadline could come and go without a deal — with Prime Minister Justin Trudeau citing a “range of paths” forward while his U.S. envoy digs in on two issues.
Congress Clears Fiscal 2019 Spending Bill for Trump’s Signature
Legislation that would ensure funding for several federal agencies in fiscal 2019, which begins Oct. 1, and keep funding flowing through early December for the rest of the government cleared the U.S. House on Sept. 26.
DHL Global Forwarding Launches Customs Connection
DHL Global Forwarding announced Sept. 18 it is launching Customs Connection, a one-stop shop for all customs processes, according to the company.
September 26, 2018Chinese Truck Tires, Intermodal Chassis Have Higher Tariffs
Buried in a long list of Chinese exports subject to new U.S. tariffs are truck tires — including retreads — as well as chassis. A 10% tariff on the listed items took effect Sept. 24, and will rise to 25% on Jan. 1 if no resolution is reached.
Technology Can Help Unlock Capacity in Tight Freight Environment, Experts Say
In the absence of a quick fix to increase the number of trucks on the road to keep up with rising freight demand, another option is to find a way to wring out more utilization of the trucks already on the road.