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.

Government, Business

Campaign Seeks New Hires for Minnesota Trucking Industry

To attract potential job seekers, the Minnesota Trucking Association Foundation has launched a  website and social media campaign showcasing many types of trucking industry careers.

Noël Fletcher | Staff Reporter
April 3, 2023
Government, Business, Safety, Logistics

Distraction, Speeding, Alcohol Drive Up 2021 Traffic Deaths

DETROIT — Nearly 43,000 people died in U.S. traffic crashes in 2021, the highest number in 16 years, with deaths due to speeding and impaired or distracted driving on the rise.

Tom Krisher | Associated Press
April 3, 2023
Government, Business, Equipment, Fuel

EV Tax Credit Rules Leave Carmakers in the Dark — Again

Automakers who are waiting for the U.S. Treasury Department to help them figure out which of their cars are eligible for lucrative electric-vehicle tax credits will have to keep waiting.

April 3, 2023
Government, Business, Safety

New Mexico Adopts Clearinghouse Screen for CDLs

New Mexico lawmakers recently enacted legislation requiring federal Drug and Alcohol Clearinghouse results be used before granting commercial driver licenses.

Noël Fletcher | Staff Reporter
April 3, 2023
Government, Business, Fuel

Oil Surges After OPEC+’s Shocking Production Cut

Oil rallied the most in more than a year after OPEC+ unexpectedly announced output cuts that threaten to tighten the market and deliver a fresh inflationary jolt to the world economy.

Julia Fanzeres | Bloomberg News
April 3, 2023
Business, Technology

Transportation Stakeholders Highlight Safety, Technology

Stakeholders representing transportation agencies and the private sector reminded federal lawmakers of concerns related to safety and the advancement of emerging technologies.

Eugene Mulero | Senior Reporter
April 3, 2023
Business, Logistics, For-Hire

Penske Announces Kris-Way Truck Leasing Acquisition

Penske Truck Leasing announced March 30 that it has reached an agreement to acquire Kris-Way Truck Leasing Inc.

April 3, 2023
Government, Business, Equipment, Logistics

FMC: Terminals Can't Issue Detention Fees if Ports Closed

What began as a $510 small claims case brought by a trucking company has evolved into what some are calling a precedent-setting case.

Dan Ronan | Senior Reporter
April 3, 2023
Business, Technology, Autonomous

Aurora Driver Enters Final Stage of Development Process

Aurora Innovation Inc. has entered the final phase of development for a new version of its integrated hardware and autonomous truck system, the company announced April 3.

Connor D. Wolf | Staff Reporter
April 3, 2023
Business, Technology, Equipment, Logistics

Walmart Launches New Online Look

Walmart Inc. has been pouring investment into its e-commerce operation for years in an effort to catch up with Amazon .com Inc. Now it’s trying to boost its appeal with a new online look.

Brendan Case | Bloomberg News
April 3, 2023