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.
States Prepare Rules for Autonomous Vehicles
While no fully autonomous cars are in regular use in the country yet, some states have allowed limited testing and pilot programs on public roads.
North Carolina Deploys Surplus Goods to Aid Storm Recovery
Gov. Roy Cooper has issued two executive orders to aid recovery efforts in the state — one to expedite distribution of surplus goods, and another to waive motor vehicle requirements.
Forward Air Revenue Soars 92%; Net Loss Hits $34M
The Tennessee-based ground transportation and logistics services provider posted a net loss of $34.2 million, or negative $2.62 a diluted share, for the three months ending Sept. 30.
Aramco Q3 Profit Down 15% Year Over Year
DUBAI, United Arab Emirates — Saudi Arabian oil giant Aramco reported third-quarter profit of $27.5 billion on Nov. 5, down about 15% from last year as low oil prices ate into its revenue.
Parts Maker Schaeffler to Cut 4,700 Jobs on Auto Woes
Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.
World Demand for Diesel Likely to Fall
The world’s demand for diesel is forecast to fall this year, a rare event for the fuel that powers swaths of the global economy.
November 5, 2024Harris, Trump Campaigns Make Final Push Before Election Day
Vice President Kamala Harris and former President Donald Trump delivered their closing arguments to voters heading into Election Day as their campaigns draw to a conclusion.
US Taps California for CHIPS for America R&D Facility
Sunnyvale, Calif., will host both a research and development semiconductor facility and serve as joint headquarters for Natcast and the National Semiconductor Technology Center.
Uber Proposes 6% Pay Cut for NYC Drivers
The company wants the city’s Taxi and Limousine Commission, which sets minimum driver pay, to reduce the per-mile rate in its driver pay formula by 6.1% to $1.277 from the current $1.360.
What's That? Drug & Alcohol Clearinghouse II Regulation
The Drug & Alcohol Clearinghouse-II regulation requires State Driver Licensing Agencies (SDLAs) to remove commercial driving privileges from truck drivers with a “prohibited” status in the Clearinghouse. A driver is considered prohibited if they engaged in drug or alcohol use or refused a drug or alcohol test.
November 4, 2024