Business

U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest level since 2000, adding to signs of a full-employment economy.

Like the trucking industry, the port authorities and Class I railroads believe the Tax Cuts and Jobs Act will benefit their modes of transportation, according to associations that represent them.

From large carriers to single-truck fleets, many in the industry are analyzing how the federal Tax Cuts and Jobs Act will impact their income and are formulating strategies to adapt to the new rules — including the possibility of restructuring their companies, accountants said.

A possible replacement for the much-maligned Compliance, Safety, Accountability framework the Federal Motor Carrier Safety Administration uses to measure motor carriers’ safety performance has been recommended by an elite panel of academics, but its complexity may prove challenging to the trucking industry, experts said.

The Trump administration is proposing to open almost all U.S. coastal waters to oil drilling, including those off California and Florida where activists have fought for decades to spare delicate ecosystems from oil spills.

Sen. Chuck Schumer and Rep. Peter King joined Long Island Teamsters Jan. 2 in calling for union pension shortfalls to be funded through Treasury bonds tied to the federal budget.

Logistics firms are joining trucking companies in checking out the potential for the Tesla Semi, with at least two testing prototypes of the electric truck.

Delivery workers and truck operators incurred the greatest number of fatal workplace injuries in 2016, according to a December report issued by the Bureau of Labor Statistics.

2018 could bring commercial applications of truck platooning after successful demonstrations of the driver-assisted technology last month in Florida and Michigan by platooning developer Peloton Technology.