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, Fuel

Eighth-Straight Weekly Drop Brings Diesel to $4.128 a Gallon

The national average price for diesel marked its eighth consecutive weekly drop, shedding another 5.7 cents to dip to $4.128 a gallon, the Energy Information Administration reported.

Dan Ronan | Senior Reporter
March 27, 2023
Business, Technology, Equipment

Technology Helps Minimize Tractor-Trailer Pairing Errors

Some carriers are using technology designed to help prevent drivers from picking up the wrong trailer, and some telematics vendors are developing tractor-trailer pairing capability.

Stephen Bennett | Special to Transport Topics
March 27, 2023
Government, Business, Safety

Truck Parking a Priority for Administration, Buttigieg Says

Improving access to parking for the country’s truck drivers remains a priority for the Biden administration, Transportation Secretary Pete Buttigieg said recently.

Eugene Mulero | Senior Reporter
March 27, 2023
Business, Technology, Equipment, Fuel

Velocity Buys 200 Battery-Electric Trucks for Rental Fleet

Velocity Truck Rental & Leasing is adding 200 battery-electric trucks to its commercial truck rental and full-service truck leasing business, the company announced March 22.

March 27, 2023
Government, Business, Equipment

Challenger Wins Close Race to Lead United Auto Workers Union

DETROIT — Challenger Shawn Fain defeated Ray Curry, president of the United Auto Workers, in a close election and vowed to take a more confrontational stance in negotiating with automakers.

Tom Krisher | Associated Press
March 27, 2023
Government, Business, Safety

Biden’s Pick to Lead FAA Withdraws

WILMINGTON, Del. — President Joe Biden’s choice to run the Federal Aviation Administration, Phillip Washington,  has withdrawn his nomination, a setback for the administration.

David Koenig and Seung Min Kim | Associated Press
March 27, 2023
Government, Business, Technology, Safety

Union Pacific to Drop Push for One-Person Crews

OMAHA, Neb. — Union Pacific has become the second major freight railroad in the past week to back away from the industry’s long-standing push to cut train crews down to one person.

Josh Funk | Associated Press
March 27, 2023
Government, Business, Logistics

Trade Groups Urge Biden on West Coast Port Talks

A coalition of 238 national, state and local trade associations — including American Trucking Associations — wrote to President Joe Biden on March 24, urging the administration to take a more active role in the West Coast port labor negotiations.

Dan Ronan | Senior Reporter
March 27, 2023
Business, Equipment, Safety

Road to NTDC Spotlight: Roland Bolduc

Roland Bolduc, the reigning National Truck Driving Championships grand champion, is training around the clock with a goal of returning to the winner’s circle this summer.

Eugene Mulero | Senior Reporter
March 24, 2023
Government, Business, Safety

Florida Truckers Celebrate New Law Targeting Lawsuit Abuse

Florida Trucking Association and truckers are celebrating a law signed March 24 by Gov. Ron DeSantis that ends frivolous lawsuits filed by unscrupulous attorneys. 

Noël Fletcher | Staff Reporter
March 24, 2023