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.
Virtual Reality Training Promising for Diesel Mechanics, Forklift Operators
Virtual reality-based training may be a viable option for developing a new generation of diesel technicians, warehouse forklift operators and drivers, as the evolving technology shows promise in speeding up training at a time when labor is in short supply.
Trump’s Steel Tariffs Will Hit US Factories Already Jammed
The steel tariffs that President Donald Trump plans to impose would deal a major blow to U.S. factories, according to an official with an industry group.
Driver Training, Documentation Can Smooth ELD Inspections, Experts Say
NASHVILLE, Tenn. — Fleets can promote smooth roadside inspections of electronic logs by ensuring that their drivers understand the devices installed in their trucks and keep proper documentation in the cab, enforcement and technology experts said.
Anchorage’s First-Ever Tax on Gas and Diesel Fuel Takes Effect
Anchorage drivers will pay an extra 10 cents per gallon at the pump starting March 1, with the city’s first-ever tax on gasoline and diesel fuel taking effect.
Supreme Court Agrees to Hear Prime Inc. Dispute Over Arbitration
The U.S. Supreme Court has agreed to hear a case in which Springfield, Mo.-based New Prime Inc. seeks to overturn an appeals court ruling that the carrier argued could deprive fleets and owner-operators alike of their right to resolve disputes through arbitration.
Authorities Consider Options to Untangle Traffic in Southern California’s Commercial Spine
For decades, the 710 Freeway has been the commercial spine of Southern California, funneling the trucks carrying thousands of tons of furniture, clothes, televisions and other goods from the ports of Los Angeles and Long Beach into the region’s sprawling network of freeways and warehouses.
New Omnitracs CEO Ray Greer Outlines Vision for Telematics Company
NASHVILLE, Tenn. — New Omnitracs CEO Ray Greer said the company will remain open to further acquisitions as it pursues new ways to convert the ever-growing amount of data collected by fleets into deeper business insights.
Sales, Prices Rise in Used Class 8 Market in January
Sales of used Class 8 trucks rose in January as mileage and age fell, and the price of the average vehicle was stable compared with a year earlier, ACT Research Co. reported.
Artificial Intelligence: A New Look for Business Productivity Tools
While artificial intelligence is increasingly being applied on a massive scale to alter the very nature of how the world works, it turns out AI is also very good at making everyday drudgery disappear.
Former Treasury Secretary Warns Next Recession Could Outlast Previous One
The next U.S. recession could drag on longer than the last one that stretched 18 months. That’s the assessment of former Treasury Secretary Larry Summers.