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 Talks to Resume Today
Negotiations were set to resume June 5 between UPS and members of the International Brotherhood of Teamsters, which represents an estimated 360,000 UPS drivers and other workers.
NLRB Counsel to Seek Legal Action Over Noncompete Clauses
National Labor Relations Board General Counsel Jennifer Abruzzo pledged to pursue legal action against employers who require nonsupervisory employees to sign noncompete agreements.
Rivian May Lose Nasdaq Spot After 90% Selloff
Rivian Automotive Inc. may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from its record high, according to JP Morgan Securities.
NHTSA’s Advisory Panel on Underride Protection Raises Topics
A committee launched by the National Highway Traffic Safety Administration to study side underride protection during its inaugural meeting raised a variety of topic areas to address.
April Used Class 8 Sales Down 20% Year-Over-Year
Used Class 8 truck sales in April decreased 20% year-over-year to 17,600 units from 22,100 units, ACT Research reported.
Self-Driving Trucks Need Human Operator Under California Bill
California lawmakers are moving forward with plans to restrict the deployment of self-driving trucks — a move that industry representatives say is misguided.
Kentucky Lands Kroger E-Commerce Center
Northern Kentucky is getting a new $550,000 distribution center from a unit of The Kroger Co. to give the grocery store giant a larger e-commerce foothold in the state and Ohio.
Exxon Works to Improve Fracking Methods
Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields.
NHTSA Turns Up Pressure on Air Bag Inflator Company
DETROIT — The U.S. government is turning up the pressure on ARC Automotive to recall 67 million potentially dangerous air bag inflators.
Jaguar Recalls I-Pace EVs Due to Fire Risk in Batteries
DETROIT — Jaguar is recalling more than 6,000 I-Pace electric SUVs in the U.S. due to the risk of the high-voltage battery catching fire, and it’s telling owners to park them outdoors.
June 1, 2023