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.
Trump to Cite Cost, Safety for Auto Emissions Rollback, Sources Say
The Trump administration will argue that the high cost of meeting Obama-era fuel economy standards discourages motorists from trading in less-efficient vehicles, as it sets about weakening the rules, said people familiar with the discussions.
March 30, 2018Eco Flaps, RealWheels, IMI Join to Market MPG Smart Pack
Three marketers of truck wheel accessories that reduce fuel consumption and vehicle wear and tear have joined to offer their products in a package called the MPG Smart Pack.
March 30, 2018Congress Unlikely to Consider Infrastructure Bill Before Midterms, Trump Says
It seems the wait is not over for Congress to take up President Donald Trump’s top legislative priority for 2018.
Chao Joins Local Officials to Launch Northern Virginia TIGER Project
Secretary of Transportation Elaine Chao joined elected officials and transportation representatives to launch a Transportation Investment Generating Economic Recovery grant project in Loudoun County, Va., on March 28.
Federal Appeals Court Dismisses ATA’s New York Thruway Lawsuit
A federal appeals court has dismissed a class-action lawsuit filed in 2013 by American Trucking Associations alleging that the New York State Thruway Authority did not have the right to use toll revenues collected from commercial truckers to support the state’s canal system.
Consumer Sentiment Surges to Highest Since 2004
Consumer sentiment in March reached the highest level since 2004 as a solid labor market and growth expectations offset concerns about tariffs and stock-market volatility, a University of Michigan survey showed March 29.
Uber Isolated by Partners and Competitors in Aftermath of Crash
Uber Technologies Inc. has found itself isolated a little more than a week after one of its self-driving SUVs hit and killed a pedestrian in Arizona.
GKN Stockholders Defy Board, Reject Dana’s Bid, Approve Melrose Industries’
Dana Inc. announced March 29 that shareholders of the United Kingdom-based diversified manufacturer GKN plc voted to accept a rival bid for the company, ending Dana’s pursuit of GKN’s driveline division. London-based investment company Melrose Industries plc won 52% of the vote and will take over the company.
Convoy Takes Aim at Driver Detention, Expands Connected Freight Network
LOUISVILLE, Ky. — Digital freight broker Convoy is taking action to mitigate a top frustration for truck drivers — excessive wait times at shipper and consignee facilities — as it continues to expand its network of connected carriers and shippers.
Uber Exec Lior Ron Leaves an Autonomous-Vehicle Unit in Turmoil
Lior Ron, a central figure in Uber Technologies Inc.’s self-driving-truck project, left the company, said people familiar with the matter.