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.

Government, Business, Logistics, For-Hire

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.

Dan Ronan | Senior Reporter
July 13, 2023
Government, Business, Equipment, Safety

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.

Dan Ronan | Senior Reporter
July 13, 2023
Government, Business, Logistics

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.

James Pollard | Associated Press
July 13, 2023
Government, Business, Technology, Fuel

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.

Noël Fletcher | Staff Reporter
July 13, 2023
Business, Equipment

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.

Connor D. Wolf | Staff Reporter
July 12, 2023
Government, Business, Fuel

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.

Noël Fletcher | Staff Reporter
July 12, 2023
Government, Business, Equipment

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.

Eric Miller | Senior Reporter
July 12, 2023
Government, Business, Technology, Fuel, TCA

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.

Nina Wu | The Honolulu Star-Advertiser
July 12, 2023
Business, Private

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.

Matt Day | Bloomberg News
July 12, 2023
Government, Business, Technology

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.

David R. Baker | Bloomberg News
July 12, 2023