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.
Decisiv Report Shows Maintenance Cost Increases Are Slowing
ORLANDO, Fla. — Trucking continues to face rising maintenance and repair costs, but the degree to which they are increasing has slowed, a Decisiv executive said Feb 26.
Heavy-Duty Repair Revenue Recovers to Pre-COVID Norms
ORLANDO, Fla. — The heavy-duty repair shop industry has seen business levels return to where they were before the coronavirus pandemic, a new report determined.
J.B. Hunt Driver Andrew Waits Named Goodyear Highway Hero
ORLANDO, Fla. — J.B. Hunt driver Andrew Waits of Tacoma, Wash., who helped save the life of an unconscious motorcyclist, was named the 38th winner of the Highway Hero Award presented by The Goodyear Tire & Rubber Co.
Michelin Launches Sustainability-Focused Fleet Management Brand
ORLANDO, Fla. — Michelin launched a fleet management brand focused on improving sustainability in commercial trucking, the company announced Feb. 26. The Michelin Connected Fleet brand brings a portfolio of data-driven solutions to the industry.
Work Proposals Sought in Brent Spence Bridge Corridor Project
Kentucky and Ohio issued a call for construction and design proposals to fast-track the Brent Spence Bridge Corridor project.
Autonomous Truck Startup Locomation Laying Off Employees
Driverless truck startup company Locomation has laid off most of its staff as it winds down operations, the second autonomous vehicle outfit in the Pittsburgh, Pa., area to encounter financial difficulties in four months.
South Dakota Has New Law for Alternative Fuels Taxes, Credits
Truckers driving through South Dakota using biodiesel and other alternative fuels will no longer be incorrectly taxed due to a new law enacted recently by Gov. Kristi Noem.
Ford Extends Shutdown of Electric F-150 Plant
Ford Motor Co. is extending the shutdown of its F-150 Lightning pickup plant for a fourth week as it works to resolve a problem that caused a battery fire in one of the electric trucks.
Key Inflation Measure Surges Most Since June
WASHINGTON — The Federal Reserve’s preferred inflation gauge rose in January at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.
Ohio Derailment Prompts Congressional Panels’ Review of Freight Rail
Transportation committees on Capitol Hill are planning in-depth examinations of the circumstances surrounding the derailment this month of a freight train in Ohio.