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.
Love’s Travel Stops Founder Tom Love Dies at 85
Love’s Travel Stops & Country Stores founder Tom Love, who grew the company from a single service station to a chain of more than 600 truck stop locations nationwide, died March 7, the company announced. He was 85.
Su Nominated to Lead Labor Department
President Joe Biden recently nominated Julie Su to serve as the next secretary of the Department of Labor.
South Carolina to Help Revival of Scout Motors as EVs
COLUMBIA, S.C. — South Carolina’s governor said March 6 he is going to ask lawmakers to approve nearly $1.3 billion to bring to the state a new electric vehicle plant by Scout Motors Inc.
Technology, Nuclear Verdicts Among Hot Topics in Panel Discussion
ORLANDO, Fla. — The use of technology and ways to combat nuclear verdicts were among the topics discussed and debated during a roundtable session at the Truckload Carriers Association’s Truckload 2023 Orlando.
Founders of Defunct Argo AI Launch New Self-Driving Startup
The founders of Argo AI, the autonomous vehicle company that was shut down last year, are launching a new self-driving business that could specialize in trucking and ride-hailing, according to people familiar with the matter.
March 7, 2023FMCSA’s People Focus Is Helping Truck Drivers, Robin Hutcheson Says
ORLANDO, Fla. — The Federal Motor Carrier Safety Administration’s top executive explained to hundreds at a trucking industry gathering that the agency’s focus to invest in people dovetails with its efforts to improve the workplace for drivers.
Global Supply Chains Back to Normal, N.Y. Fed Says
Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after COVID-19 was declared a pandemic.
ArcBest Announces Sale of FleetNet to Cox Automotive
ArcBest Corp. announced that it has reached an agreement to sell the fleet maintenance and repair services business FleetNet America to Cox Automotive Mobility Solutions.
French Shipping Giant CMA CGM Warns Demand Is Falling
French shipping giant CMA CGM SA warned of a steep drop in demand so far this year, extending a slump that led to a more than halving of quarterly profit.
FMCSA’s Earl Adams Stresses Collaboration for Driverless Technology
ORLANDO, Fla. — Government and industry collaboration is vital in terms of deploying emerging technologies such as autonomous trucks. Earl Adams Jr., deputy administrator of the Federal Motor Carrier Safety Administration, offered that insight at the TMC's Annual Meeting and Transportation Technology Exhibition.
March 6, 2023