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.
ATA Expresses Concern Over Labor Secretary Nominee Julie Su
In a letter to Senate leaders, American Trucking Associations President Chris Spear expressed concern about the track record that Labor Secretary nominee Julie Su would bring to the job.
California Regulators Could Decide Oil Profits Penalty
California Gov. Gavin Newsom said March 15 he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging.
Kansas City Southern’s Sale to Canadian Pacific Approved
The Surface Transportation Board approved the merger of Canadian Pacific Railway and Kansas City Southern Railroad in the nation’s first major rail merger since 1998.
Honda Recalls 500,000 Vehicles Over Seat Belt Issue
DETROIT — Honda is recalling a half-million vehicles, including some Accord, Odyssey and Insight models, in the U.S. and Canada because the front seat belts may not latch properly.
March 15, 2023Business Continuity Experts Urge Vigilance, Planning
Two business continuity experts say keeping the supply chain moving is why fleet owners and managers need to have in place plans to keep operating in the event of an emergency.
Driver Recruitment Swings Toward Social Media
Truck driver recruiting efforts swung significantly toward social media last year, according to experts.
March 15, 2023Tesla Owners Sue Company Over Monopolizing Parts and Repairs
Tesla was sued by customers who claim they’ve had to pay exorbitant prices and endure long waits for repairs due to Tesla’s monopolization of replacement parts and maintenance services.
Purolator Plans Largest Investment to Electrify Network
Purolator Inc. will make its largest investment at $1 billion to electrify its Canadian network over the next seven years, the company announced March 9.
March 15, 2023Budget Request Includes $951 Million for FMCSA
Federal commercial transportation operations would receive nearly $1 billion under a fiscal 2024 budget request the White House unveiled this month.
Retail Sales Slip 0.4% in February After January’s Burst
America’s consumers trimmed their spending in February after a buying burst in January, as retail sales slipped 0.4% with declines across multiple industries.