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.
Biden Urges Detroit Automakers, UAW to Reach Labor Deal
President Joe Biden urged United Auto Workers and Detroit’s Big Three automakers to come to a “fair agreement,” weighing in on tense contract talks with major implications for the economy.
Amazon Dinged for Coming Up Short on Carbon-Emission Actions
Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from the world’s leading watchdog of corporate climate goals.
Daimler Truck CEO Martin Daum to Be Interim CFO
Daimler Truck AG CEO Martin Daum will temporarily assume the role of chief financial officer at the original equipment manufacturer, the company said Aug. 14.
Nikola to Halt Sales, Recall Trucks After Battery Fires
All the Class 8 Tre battery-electric trucks Nikola Motor sold or sent to potential customers for testing are being recalled, the company said.
TuSimple Faces Report Deadline as Tucson Site Is Up for Sale
Self-driving truck developer TuSimple Holdings says it won’t be able to file its second-quarter 2023 financial report on time to meet a deadline imposed by the Nasdaq Stock Market.
FMCSA Will Accept Challenges to Meal-Rest Break Pre-emption Ruling
FMCSA announced it will accept petitions for waivers from its 2018 and 2020 decisions to pre-empt truck driver meal-and-rest-break law requirements in California and Washington state.
Yellow Looks to Finalize Bankruptcy Loan
Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.
Have Trucking Insurance Premiums Peaked?
There has been much concern about rising insurance premium costs. However, are we getting close to an environment in which those rates are leveling out or even reversing course?
Bolduc, Daly Lead Field at National Truck Driving Championships
Although they differ in style and personality, FedEx Express’ Roland Bolduc and XPO’s Ina Daly have plenty in common. Both are widely recognized as top competitors for this year's NTDC crown.
AI Helps Fleets Navigate Risk Management
Insurance companies and brokers are finding the benefits in artificial intelligence to better assist trucking companies with their risk management needs.