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.
Feds Move to Require AEBs for Heavy Trucks
Two federal agencies announced a joint proposed rule requiring automatic emergency braking systems on heavy trucks, aiming to mitigate the frequency and severity of rear-end crashes.
NHTSA to Evaluate AEB System Errors on Certain Cascadias
NHTSA has launched a preliminary evaluation into complaints involving automatic emergency braking system errors on certain Freightliner Cascadia trucks.
GOP Senators Press for Labor Nominee Julie Su’s Withdrawal
Nearly three dozen Republican senators called on President Joe Biden to withdraw from consideration his nominee to lead the Department of Labor.
ATRI: Cost of Operating a Truck Soared in 2022
Rising wages for drivers is a key factor that helped drive up the cost of operating a truck by 21.3% in 2022, according to a study by the American Transportation Research Institute.
Teamsters, UPS Shift Focus to Pay Raises
In contract negotiations between UPS Inc. and the Teamsters, the two sides have come to agreement on dozens of matters to clear the way for talks on pay and other major issues.
Senate Committee Advances PRO Act on Worker Classifications
A Senate panel on June 21 approved legislation that would seek to update federal classifications for workers.
EPA Final Biofuel Volume Rule Slammed by Ag Interests
Iowa Gov. Kim Reynolds and others said the Environmental Protection Agency's final rule establishing biofuel volumes in its Renewable Fuel Standard program fail to reflect reality.
Warehouse Robots Help Deliver the Goods
As labor shortages persist, a French robotics company called Exotec, with North American headquarters in Atlanta, is seeing strong demand for its autonomous warehouse robots.
Former Longistics Transportation Chairman Duane Long Dies
Duane Long, former president and chairman of Raleigh, N.C.-based logistics provider Longistics Transportation Inc., died June 12 after a long battle with lung disease. He was 70.
Parts, Labor Expenses Up More Than 8% Year-Over-Year in Q1
Maintenance parts and labor expenses for trucking companies across North America rose more than 8% year-over-year in the first quarter of 2023, according to a recently released study.