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.
Labor Nominee Su Faces Doubts in Senate
WASHINGTON — Labor secretary nominee Julie Su won praise at her Senate hearing April 20 as “a champion of the working class” even as some key Democrats were unwilling to voice support.
Ports on West and East Coasts Show Sharp Decline in March
A steep, across-the-board decline in imported cargo, exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 pandemic.
West Coast Dockworkers Have a Tentative Deal on Some Issues
The labor union representing 22,000 U.S. West Coast dockworkers in contract renewal talks said it has reached a tentative agreement with their employers on “certain key issues.”
Preparing for the Arrival of Electronic Truck Inspections
Program Aired: April 20, 2023 2 p.m. ET/11 a.m. PST The world of truck inspections is likely to change greatly over the coming years. Federal trucking regulators and commercial vehicle enforcement agencies are pushing for wireless roadside inspections, including a mandate that motor carriers equip their trucks with devices that would transmit the identity and condition of trucks and drivers to roadside enforcement. Learn how this could affect your motor carrier operation, what information you and your drivers may be required to transmit to inspectors, and what it means for the development of autonomous trucks.
April 20, 2023Court Rules Insurer Can't Sue Broker in Fraudulent Carrier Case
A federal appeals court has ruled that an insurance company may not pursue a claim against a transportation broker after that broker unknowingly hired a fraudulent motor carrier.
Rebalanced Supply Chain Still Leaves Empty-Mile Problem
The underlying issues causing empty miles and unfilled trucks persist even as a balancing supply chain has softened them, experts warned.
Canada Matches US Subsidies to Win VW EV Battery Plant
Canada agreed to subsidies that may top C$13 billion ($9.7 billion) over a decade to land an electric vehicle battery plant by Volkswagen AG, the company’s first gigafactory outside Europe.
Iowa Tort Reform Bill Goes to Governor
A landmark law in Iowa limiting jury awards to $5 million in accident lawsuits against commercial vehicles was sent to the desk of Gov. Kim Reynolds for enactment.
Pete Buttigieg Talks Safety, Supply Chain on 2024 Budget
President Joe Biden’s fiscal 2024 budget request paves the way for improvements to the safety and connectivity of the nation’s mobility system, Secretary Pete Buttigieg said April 20.
XPO Names Dave Bates New COO
Dave Bates is joining XPO as chief operating officer after 12 years in an executive role at Old Dominion Freight Line.