Business

About Business News...

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.

Government, Business

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
Business, Technology, Equipment, Fuel

Nikola Q3 Losses Halve as Hunt for More Funding Ramps Up

Losses at truck maker Nikola more than halved year on year in the third quarter as a result of record sales, cost cutting and the absence of expenses incurred in the year-ago period.

Keiron Greenhalgh | Staff Reporter
November 4, 2024
Government, Business, Logistics

Dockworker Lockout Begins at Canada’s Largest Ports

Dock employers in British Columbia shut out workers Nov. 4 after a union’s strike notice, bringing trade to a halt across Canada’s busiest and third-busiest ports.

Thomas Seal | Bloomberg News
November 4, 2024
Government, Business, Logistics

US South Set to Surpass Canada in Lumber Production

The shift reflects how a key Canadian resource sector has declined due to U.S. duties and other challenges, including wildfires, land-use regulation and insect infestations.

Ilena Peng and Thomas Seal | Bloomberg News
November 4, 2024
Business, Technology, Equipment, Fuel

Allison Q3 Profit Surges 26.6% on Vocational Truck Demand

Allison Transmission’s profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.

Keiron Greenhalgh | Staff Reporter
November 4, 2024
Government, Business, Technology, Safety

New Jersey Gets $2M FMCSA Grant to Start Mobile CDL Testing

FMCSA gave New Jersey a $2 million federal roadway safety grant to pay for new state motor vehicle mobile units to bring commercial driver license tests to rural areas.

Noël Fletcher | Staff Reporter
November 4, 2024
Government, Business, Fuel

Big Oil Chiefs See Middle East, China as Top Concerns

Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.

November 4, 2024
Government, Business, Safety

NHTSA Ends Investigation Into Ford Engine Failures

DETROIT — NHTSA has ended a 2½-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles.

November 4, 2024
Business, Logistics, For-Hire, Private, Global Freight

Retailers Offer ‘Returnless Refunds’ to Reduce Shipping Fees

Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.

Haleluya Hadero | Associated Press
November 4, 2024
Business, Fuel

OPEC Extends Oil Output Cuts Until the End of December

Saudi Arabia and allied oil producing countries said Nov. 3 they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.

November 4, 2024