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.
Truckstop Ramps Up Campaign to Combat Freight Fraud
Truckstop has ramped up a campaign aimed at combating trucking fraud through awareness and research.
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?
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.
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.
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.
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.
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.
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.
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.
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.