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.
REPLAY: Secretary Pete’s Outlook on Infrastructure & Funding
Since the fall of 2021, the USDOT has overseen the implementation of a $1.2 trillion bipartisan infrastructure law, distributing billions of dollars for a variety of projects from state-to-state. What progress has been made in maintenance and construction projects funded by this law?
May 9, 2023Daimler Truck Q1 Sales Jump
A 15% year-over-year jump in sales at Daimler Truck powered a jump in revenue and profit in the first three months of 2023, and North American sales rose 12% compared with the year-ago period.
EPA Seeks Comment on Electric Truck Costs, Charging
Prior to moving forward with Inflation Reduction Act funding, the EPA says it is seeking comment on zero-emission technologies in the heavy-duty vehicle and port sectors.
New Georgia Laws Address EV Chargers, Max Truck Weight
Two new Georgia laws serve to accommodate the rising number of trucks and electric vehicles on the road, which is expected to increase exponentially in coming decades.
State Trucking Leaders Detail Tort Reform Efforts
HOLLYWOOD, Fla. — State association leaders discussed the strategies that led to legislative victories in Florida and Iowa, and looked ahead to efforts in Pennsylvania.
Daseke Reports Revenue, Earnings Drop in Q1
Daseke Inc. experienced a year-over-year drop in revenue and earnings during the first quarter of 2023, the company reported May 9.
ATA Leadership Touts Wins on Federal, State Levels
HOLLYWOOD, Fla. — The trucking industry is scoring wins on the national and state levels, said American Trucking Associations President Chris Spear at the Mid-Year Management Session.
Diesel Tumbles 9.6¢ to $3.922 a Gallon
The national average price for a gallon of diesel tumbled 9.6 cents — its largest drop of the year — to reach $3.922, according to Energy Information Administration data released May 8.
California’s Port Dominance Is Slipping as Cargo Shifts East
The pandemic’s cargo crush pushed the Los Angeles and Long Beach complex close to the breaking point, allowing ports from New York-New Jersey to Houston to grow their market share.
Volvo Road Tests Hydrogen-Powered Truck
Volvo Trucks has tested its fuel cell electric trucks on public roads for the first time, the company announced May 8.
May 8, 2023