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.
Electric Trucks to Power Fleets’ Urban, Regional Needs First
As truck manufacturers begin to add electric-powered models to their product lineups, they are targeting city and regional routes as early applications for these vehicles.
Trump: US-China Trade Deal May Need ‘Different Structure’
President Donald Trump backed away from the trade deal his administration had just announced with China and said the United States may need to change the direction of talks to get a final agreement.
Ryder Introduces New Commercial Management Fleet App
Ryder System Inc. has launched a smartphone app that permits commercial fleet users to get a vehicle into a repair facility for either scheduled or unexpected maintenance and also compare real-time fuel prices.
Many Americans Missing Solid Job Market’s Bounty, Fed Poll Shows
Many U.S. households remain in a precarious financial position despite unemployment falling to the lowest level in years, a new Federal Reserve survey shows.
FMCSA Chief Ray Martinez Says ELD Guidance for Ag Haulers Forthcoming
WASHINGTON — New electronic logging device guidance that would address flexibility concerns raised by aspects of the agriculture sector will be unveiled shortly by the Federal Motor Carrier Safety Administration, the agency’s chief told House lawmakers May 22.
Senate Panel Wants Explanation for Delays on Hair Testing Guidelines
A Senate committee on May 22 unanimously approved a bill that would require the Department of Health and Human Services to provide an explanation for a 15-month delay in issuing mandatory federal hair testing guidelines for safety-sensitive transportation employees such as truck drivers.
Dr Pepper Deliveries in Critical Condition With Chicago Strike
More than 150 Teamsters walked off the job in suburban Chicago early May 22 after a wage dispute with a Dr Pepper Snapple Group Inc. subsidiary.
Two More Trucking Companies Raise Driver Pay
Two more trucking companies have joined a growing list of operators that are increasing compensation to retain their current drivers and attract new recruits.
Wabtec to Merge With GE Transportation
GE Transportation, a foundation piece of the company built by inventor Thomas Edison, a business founded in Erie, Pa., and based there for most of its 110-year history, is merging with another Pennsylvania company in a deal worth $11.1 billion.
Tonnage Springs 9.5% Higher in April
Truck tonnage jumped 9.5% in April compared with the same period a year ago, according to American Trucking Associations’ monthly for-hire truck tonnage index.