Business

About Business News...

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.

Business, Equipment, Safety

Truckstop Ramps Up Campaign to Combat Freight Fraud

Truckstop has ramped up a campaign aimed at combating trucking fraud through awareness and research.

Connor D. Wolf | Staff Reporter
May 24, 2023
Government, Business, Technology, Safety, For-Hire

Hair Drug-Testing Rule Could Be Finalized by Midsummer

Can the long wait be coming to an end for the Department of Health and Human Services to adopt a drug testing rule allowing the use of hair samples to drug-test drivers?

Eric Miller | Senior Reporter
May 24, 2023
Government, Business, Safety

House Panel Advances Truck Parking Bill

Legislation designed to expand parking facilities for truck drivers was easily advanced by the transportation panel in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
May 24, 2023
Business, Technology, Equipment, Logistics, For-Hire

Cummins Invests in Jamestown Plant for Fuel-Agnostic Engine

LAKEWOOD, N.Y. — Cummins Inc. is readying a $452 million investment in its 1 million-square-foot Jamestown Engine Plant to produce a fuel-agnostic internal combustion engine platform.

Michael Freeze | Features Editor
May 24, 2023
Business, Technology, Equipment, Fuel

Lytx: Idling Time Dropped by 16% in 2022

Fleets around the world experienced a 16% year-over-year decline in idling time in 2022, according to customer data from video telematics company Lytx.

Connor D. Wolf | Staff Reporter
May 24, 2023
Government, Business, Technology

Energy Department Rejects $200 Million Grant to Microvast

WASHINGTON — The Biden administration has canceled plans to award a $200 million grant to a U.S. battery manufacturer amid criticism from Republican lawmakers over the company’s alleged ties to China.

Matthew Daly | Associated Press
May 24, 2023
Business, Technology

Company Earnings Guidance Is Wrong About 70% of the Time

The pandemic may have upended businesses, but surprisingly it did little to dent managers’ misplaced confidence in their earnings forecasts, new research shows.

Matthew Boyle | Bloomberg News
May 23, 2023
Government, Business, Safety

Rep. Rick Crawford Highlights Truck Parking, Highway Safety

Rep. Rick Crawford, the chairman of a House transportation subcommittee, wants lawmakers to put as much focus on truck parking as they have on expanding the scope of electric vehicles.

Eugene Mulero and Dan Ronan | Staff Reporters
May 23, 2023
Business, Equipment, Fuel

Boeing CEO Warns of Prolonged Supply Chain Constraints

Boeing Co. cautioned that the aerospace industry could suffer from supply disruptions for more than half a decade, delaying deliveries to airlines and hampering the rebound from COVID-19.

May 23, 2023
Government, Business, Technology, Safety, Logistics, Private

NLRB Accuses Amazon of Illegal Anti-Union Actions

Amazon.com Inc. violated federal labor law by unilaterally changing policies and terminating union supporters at its sole unionized warehouse, U.S. labor board prosecutors allege.

Josh Eidelson | Bloomberg News
May 23, 2023