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.
May Class 8 Sales Up 16.4% Year-Over-Year
U.S. Class 8 retail sales in May rose 16.4% from a year ago and also saw a month-to-month gain, Wards Intelligence reported.
Reopening I-95 in Philadelphia Will Take Months
PHILADELPHIA — Pennsylvania Gov. Josh Shapiro said a complete rebuild of a damaged section of I-95 would take “some number of months,” but officials are looking at interim solutions.
June 12, 2023South Dakota, Nebraska Pause HOS Mandates
Diesel and gasoline shortages prompted the governors of Nebraska and South Dakota to issue emergency executive orders temporarily waiving federal HOS mandates for fuel haulers.
GXO Launches Multiyear Expansion in Germany
GXO Logistics launched a multiyear plan to expand operations in Germany, the company announced June 8.
June 12, 2023More Charging Companies Plan to Be Compatible With Tesla
Tesla Inc.’s charging technology won more backers as a handful of players in the electric vehicle power industry said they would offer compatible equipment.
Ship and Sip? Bill Would Let USPS Mail Alcohol
Wine- and brewing-industry officials are supporting the USPS Shipping Equity Act, legislation that would allow alcohol to be shipped via the U.S. Postal Service.
Medium-Duty Segment Offers Entrée to Fleet Electrification
With its potential use and broader recharging capabilities, the medium-duty truck market will adopt battery-electric vehicles faster than the heavy-duty one will, experts say.
New York City to Test Microhub Final Dropoffs
New York City officials will experiment this summer on a new system using delivery trucks to drop goods at special off-street or curbside microhubs.
Port Management Claims Unrest Has Shut Down Port of Seattle
The Pacific Maritime Associations claims that significant labor unrest by the International Longshore and Warehouse Union has shut down the Port of Seattle.
Section of I-95 in Philadelphia Collapses From Fire
PHILADELPHIA — An elevated section of Interstate 95 collapsed early June 11 after a tanker truck carrying flammable cargo caught fire, closing the segment indefinitely, authorities said.