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.
SAF-Holland Q2 Sales Soar on North American Demand
Sales at SAF-Holland jumped in the second quarter of 2023 on the back of North American trailer and truck markets plus increasing demand for disc-braked axle systems for trailers.
Global Oil Demand Hits Record and Prices May Climb, IEA Says
Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said.
San Francisco Approves Waymo, Cruise Operation 24/7
SAN FRANCISCO — California regulators on Aug. 10 approved an expansion that will allow robotaxi services Waymo and Cruise to operate throughout San Francisco at all hours.
July Class 8 Sales Up 2.5% Year-Over-Year
U.S. Class 8 retail sales in July increased 2.5% from a year ago but were down from the prior month, Wards Intelligence reported.
New Hurricane Outlook Sees Above-Average Number of Storms
After predicting a “near-normal” hurricane season in May, experts now expect an above-average number of storms, as record-high ocean temperatures create favorable hurricane conditions.
Iowa Champ Mindy Rathjens Eager for Debut at NTDC
For Mindy Rathjens, everything clicked once she got behind the wheel at the Iowa Truck Driving Championships. The 3-axle winner and state grand champion now sets her sights on nationals.
USPS Pressured to Provide Water for All Mail Carriers
WASHINGTON — Texas lawmakers prodded the U.S. Postal Service on Aug. 9 to provide bottled water to mail carriers in San Antonio, which workers say stopped last month despite extreme heat.
CVSA Inspectors Compiling Driver Personal Conveyance Data
A group of hand-picked certified inspectors nationwide are compiling inspection data on truck drivers who log conveyance time during the month of August.
5 strategies to increase driver retention
Program Airs: August 10, 2 p.m. ET Attrition is especially rampant in the T&L industry. In fact, more than half of all new drivers will leave their roles within the first six months. Learn strategies from experts at Hotel Engine and their partners on how to combat attrition through new and creative strategies.
August 10, 2023Natural Gas-Fueled Volvo Trucks Set for North American Tests
The first testing of natural gas-fueled European Volvo Group Class 8 trucks on North American roads is set to begin by the end of September, and more imports could be on the way.