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.
Big Changes Seen in Truck, Bus Design
California is the “incubator” for commercial vehicle innovation that will spread throughout the nation, generating a wave of new powertrains and driver-assistance technologies designed to decrease truck emissions and increase safety and freight efficiency, a vehicle engineering consultant said.
Speedy Change for GHG Phase 2 Not Expected
A notice from the U.S. Environmental Protection Agency to revisit parts of the Phase 2 final rule on greenhouse gas emissions from heavy- and medium-duty trucks isn’t likely to create changes quickly, as the agency has not presented plans for expedited action and environmental groups are vowing to pursue a challenge in a federal appeals court — once the case is no longer being held in abeyance.
Harvey Knocks Out More Refineries, Shifting Global Oil Flows
DALLAS — Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity.
Trucking Companies Climb on Expected Demand for Harvey Cleanup
Expectations that trucking demand will increase for cleanup from Hurricane Harvey helped boost shares of Landstar System Inc., YRC Worldwide Inc. and C.H. Robinson Worldwide Inc.
Driver Pay Shows Marginal Second-Quarter Growth
The National Driver Wage Index, which measures over-the-road driver pay, rose 0.9% year-over-year in the second quarter, but the index is likely to grow at a faster pace as truckload carriers experience the positive effects of economic growth and the electronic logging mandate on freight rates, according to the National Transportation Institute.
Insurance Institute Conducts Successful Test of Side Underguard Protection
An aftermarket device that attaches to the sides of a tractor-trailer successfully prevented a midsize car from sliding underneath the trailer in a 40 mph crash test, Insurance Institute for Highway Safety officials said. See crash test video.
German Firm Körber to Acquire U.S. Supply Chain Software Company HighJump
U.S.-based supply chain software firm HighJump is being acquired by Körber AG in Hamburg, Germany, for an undisclosed amount from Accellos Holdings and its primary investor, Accel-KKR, in Menlo Park, Calif.
Arrive Logistics Expands Chicago, Austin Offices to Accommodate Growth
Arrive Logistics will move to larger offices in Chicago and Austin, Texas, to accommodate the rapid growth in volume for the 3-year-old freight broker.
Scarce Truck Parking Has Atlanta Looking for Solutions
Not nearly enough parking exists in metro Atlanta for truckers who must comply with federal rules that limit how many hours they can drive – a shortage that’s about to get worse, thanks to new enforcement procedures
More Than 145,000 Comments Filed on EPA’s Proposed Renewable Fuel Standard
Comments on a plan by the Trump administration to halt the future growth of biomass-based diesel fuel and reduce the short-term requirements for all renewable fuels were largely split down the middle, pro and con.