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.
Torc Robotics, C.R. England Team on Autonomous Pilot
Self-driving-trucks technology firm Torc Robotics and refrigerated carrier C.R. England are teaming up on a pilot program.
Air Bag Manufacturer Refusing NHTSA’s Request to Recall
ARC Manufacturing could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled.
Regulators Announce Members of Truck Leasing Task Force
Federal regulators have appointed nine individuals to serve on a truck-leasing task force that is charged with evaluating lease agreements in the trucking industry.
Study Urges Excise Tax Repeal for Electric Trucking Takeoff
Repeal of the federal excise tax on heavy-duty commercial vehicles should be a key tool in the push to reduce trucking’s greenhouse gas emissions through electrification, a study says.
U.S. Xpress Cuts Corporate Staff Ahead of Knight-Swift Deal
After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.
Chicago Suburbs Appeal Federal Approval of CPKC Rail Merger
A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.
Commerce Department to Award Grants to Fund Tech Hubs
WASHINGTON — The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs.
Consumer Long-Term Inflation Expectations Hit 12-Year High
U.S. long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting growing concerns about the economic outlook.
San Antonio Water Utility Is Electrifying Its Fleet
San Antonio Water System is doing its part to help the environment by cutting down on greenhouse gas emissions by adding 13 fully electric vehicles to its fleet.
April Class 8 Sales Up 19.4% Year-Over-Year
U.S. Class 8 retail sales in April increased 19.4% from a year ago but declined on a month-to-month basis, Wards Intelligence reported.