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.
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.
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.
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.
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, 2023Challenger 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.
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 — President Joe Biden’s choice to run the Federal Aviation Administration, Phillip Washington, has withdrawn his nomination, a setback for the administration.
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.
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.
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.
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.