Business

About Business News...

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.

Business, Breaking News, For-Hire

UPS Workers Approve New Union Contract

The 340,000 employees of UPS Inc. represented by the International Brotherhood of Teamsters have approved a new five-year labor pact with the company.

Dan Ronan | Senior Reporter
August 22, 2023
Business, Technology, Equipment, Fuel

Volvo Offers Fleets a Leg Up on Charging Infrastructure

Volvo Trucks North America launched a program Aug. 22 it believes will smooth fleet owners’ road to the installation of electric truck charging infrastructure.

Keiron Greenhalgh | Staff Reporter
August 22, 2023
Business, Logistics, Breaking News

Truck Tonnage Dips 3% Year-Over-Year in July

Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.

Dan Ronan | Senior Reporter
August 22, 2023
Government, Business, Technology, Equipment

Top Democrats, White House Celebrate CHIPS Act Anniversary

A 2022 law key to the Biden White House’s “Build Back Better” economic agenda is helping with freight supply chain connectivity, senior congressional Democrats said recently.

Eugene Mulero | Senior Reporter
August 22, 2023
Government, Business, Private, TCA

Kroger-Albertsons Merger Draws Protest From State Officials

The proposed merger of food retail giants Kroger and Albertsons has elicited criticism from seven secretaries of state.

Matthew Narvaiz | Albuquerque (N.M.) Journal
August 22, 2023
Business, Equipment, Safety

Ina Daly Honored at NTDC for Career Accomplishments

XPO's Ina Daly's trip to NTDC in Columbus, Ohio, included winning the Neill Darmstadter Professional Excellence Award for best exemplifying the characteristics of a  truck driver. 

Dan Ronan | Senior Reporter
August 22, 2023
Government, Business

IRS Reminds Truckers of Aug. 31 Tax Payment Deadline

For truckers who first used their vehicles in July on a public highway, the IRS is reminding them of an Aug. 31 deadline to electronically file their heavy highway vehicle use tax return.

Noël Fletcher | Staff Reporter
August 22, 2023
Government, Business, Safety

NHTSA Proposes New Rules for Seat Belt Usage

WASHINGTON — The Department of Transportation is proposing new rules designed to encourage seat belt use by car and truck passengers, including those sitting in the back seat.

August 21, 2023
Business, Safety, Logistics

Storm Moves On but Floodwaters Remain in Southern California

PALM DESERT, Calif. — Tropical Storm Hilary swept people into swollen rivers, toppled trees onto homes and flooded roadways as the massive system marched northward Aug. 21.

August 21, 2023
Government, Business, Fuel

Diesel Price Increase Eases

The national average diesel price showed a modest gain after four straight weeks of accelerated increases, going up 1.1 cents to reach $4.389 a gallon.

Keiron Greenhalgh | Staff Reporter
August 21, 2023