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.
US Inflation Cooled in May
WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed.
FedEx to Cut Up to 2,000 Europe Jobs
FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.
Traffic Resumes Through Port of Baltimore
BALTIMORE — Authorities anticipate commercial shipping traffic through the Port of Baltimore will soon return to normal levels since the channel fully reopened earlier this week.
Thousands of Drivers File Arbitration Claims Against Amazon
NEW YORK — Thousands of delivery drivers filed legal claims against Amazon on June 11, alleging the company’s classification of them as independent contractors has led to unpaid wages.
PHMSA Proposes to Increase Registration Fees
The Pipeline and Hazardous Materials Safety Administration has proposed to raise to the maximum level permitted by Congress registration fees that are paid by hazardous materials carriers.
FHWA Chief Touts Emerging Transportation Technologies
WASHINGTON — Adopting emerging technologies across the transportation landscape will improve safety for commuters and the freight sector, the nation’s top highway director said.
Viewpoint: Transportation Procurement Involves Evolving Processes
From a carrier’s perspective, the way shippers procure transportation can seem arbitrary, with limited thought or imagination. In reality, their approach has become more sophisticated.
States Challenge California on Emissions Legal Activism
Alabama is leading a 19-state coalition suing five states in the Supreme Court for pursuing what the group calls “ruinous liability and coercive remedies” in legal actions against energy companies.
Kenworth Introduces CARB-Compliant MX-13 Engine
Kenworth Truck Co. announced a California-compliant version of Paccar’s MX-13 diesel engine is now available for its T680, T880 and W990 Class 8 trucks.
Private Fleets Pursuing Emissions Goals More Aggressively
Across all areas of the economy, shippers are facing increasing pressure to make their operations more sustainable and to meet environmental, sustainability and governance targets.