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.
Coalition for Independent Truckers to Defend Contractor Model
A trade group representing independent contractors has begun a program to recruit independent drivers to serve as “ambassadors” to educate lawmakers about their importance.
Werner Appeal of $89.7 Million Verdict Denied
A Texas state court has denied an appeal by Werner Enterprises Inc. of an $89.7 million jury verdict in a case involving a 2014 fatal crash.
Nearshoring Trend Escalates for US Companies
The turn toward nearshoring escalated this year, a trend that saw renewed interest during the coronavirus pandemic.
TuSimple to Cut 151 Jobs at San Diego Headquarters
Self-driving truck company TuSimple Holdings has disclosed more details about plans to reduce its workforce by 30% — including that it will eliminate 151 jobs in San Diego.
Snider Fleet Solutions Relocating to South Carolina
South Carolina officials are welcoming Snider Fleet Solutions’ corporate relocation from a neighboring state in a $6.9 million investment that will create 167 jobs.
Economic Growth for Last Quarter Is Revised Up to 1.3%
WASHINGTON — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said.
The EV Squeeze: How the US and Europe Compare
MILAN — European governments have historically been more aggressive than the United States in regulating fuel consumption. That is about to change.
North Carolina to Replace Key Alligator River Bridge
Design work is progressing on a project to convert the Alligator River Bridge from a two-lane swing to a fixed span bridge in a critical freight corridor on U.S. Route 64 in North Carolina.
Union Pacific Reaches Agreement on Engineers’ Work Schedule
OMAHA, Neb. — Engineers who operate trains for Union Pacific will soon have much more predictable schedules allowing them to plan when they are going to be off.
Veto Expected After Congress Rescinds EPA Emissions Rule
A proposal to roll back federal emission standards associated with heavy-duty commercial vehicles advanced to President Joe Biden, who has vowed to veto the legislation.