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.
Maximizing Compliance: A Guide for Fleet Safety & Success
Program Aired: June 8, 2023 2 p.m. ET There is no shortage of compliance measures required of today's fleets – from Driver Fitness and ELD’s to Controlled Substances and Alcohol Use and Testing – these measures are designed to keep our roadways safe. Minimum compliance is a requirement to remain in good standing, and the inability to meet standards can result in poor roadside safety performance, hefty civil penalties, and increased risk for civil litigation, to name a few.
June 8, 2023FMCSA Advisory Committee Offers Safety Suggestions
Officials with the Federal Motor Carrier Safety Administration asked members of the agency’s motor carrier advisory committee for some ideas on how the agency could improve truck safety.
Nikola Adjourns Annual Meeting, Seeks More Votes on Shares
Nikola’s bid to issue more shares and obtain enough funding needed for its Class 8 hydrogen fuel cell truck ambitions is on hold for another month, it said June 7.
Strike Unlikely at ABF Freight After Deal With Teamsters
The ArcBest Corp. subsidiary ABF Freight System has reached a tentative agreement with the Teamsters National Freight Industry Negotiating Committee, the company announced June 7.
May Class 8 Orders Show Year-Over-Year Rebound
North American Class 8 orders in May reversed the trend of year-over-year declines by increasing to 15,500 units, ACT Research reported.
Nearshoring Raises Cargo Theft Concerns
The increasing interest in nearshoring poses unique security considerations, including a higher likelihood of cargo thefts.
EV Sales Are Soaring as Oil Use Is About to Peak
The share of electric vehicles in sales of new passenger vehicles is set to more than double globally in the next few years — to 30% in 2026.
Dismal Sales Undercut Carmakers Pushing Hydrogen Fuel Cells
Toyota Motor Corp. and Hyundai Motor Co. have put their weight behind hydrogen fuel-cell vehicles, but dismal sales in 2022 suggest customers remain extremely wary.
Congressional Funding Leaders Eye Fiscal 2024 Bills
Moving on from monthslong negotiations over the nation’s debt ceiling, congressional leaders are turning their attention to the annual budget process on Capitol Hill.
West Coast Ports See Disruption as Labor Talks Drag On
Tensions between the Pacific Maritime Association and the International Longshore and Warehouse Union are heating up as periodic, unannounced work stoppages occur at several ports.