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.
UPS-Teamsters Negotiations Remain Stalled
UPS on July 11 pushed to Aug. 8 the release date for its second-quarter financial report, a week after its labor contract with the International Brotherhood of Teamsters is set to expire.
Company Targets Old Drive-In Theaters for Truck Parking
Frank Sonzala’s company is developing plans to convert abandoned drive-in movie locations and other similar sites into truck parking places.
Dockworkers Take On South Carolina’s Governor in Labor Fight
Dockworkers and the governor in South Carolina, the state with the lowest percentage of unionized workers, are digging in their heels over a labor dispute.
Trucking Interests Ask Biden to Reduce Emission Rule
Florida and Pennsylvania truckers joined with over 100 groups nationwide that asked President Joe Biden to reverse his administration’s federal tailpipe emissions regulations.
June Class 8 Orders Continue Rebound
North American Class 8 truck orders experienced a year-over-year increase for the second month in a row during June, ACT Research reported.
West Coast Swapping Diesel for Biofuels
The West Coast’s growing demand for renewable diesel and biodiesel fuel will drive petroleum diesel usage there next year to the lowest level in more than a decade, according to the U.S. EIA.
FMCSA Leasing Task Force Begins Work
Members of a federal truck-leasing task force began outlining plans for discussions on how to evaluate potential predatory commercial and motor carrier lease agreements.
Hawaii Ahead of the Pack in Contracting for EV Fast Chargers
Hawaii says it is the first out of the gate to award a contract for federally funded fast chargers to be deployed across the state.
Amazon Prime Day Pushes Online Sales Up 6% in First 24 Hours
U.S. consumers spent $6.4 billion online in the first 24 hours of Amazon's Prime Day, according to Adobe Inc., up 6% from a year ago but short of estimates for even stronger growth.
California Sees Huge Battery Storage Spike Over Three Years
California has, in just three years, seen a tenfold increase in batteries plugged into its grid as solar and wind installations take the place of aging gas-burning power plants.