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.
UPS Workers Approve New Union Contract
The 340,000 employees of UPS Inc. represented by the International Brotherhood of Teamsters have approved a new five-year labor pact with the company.
Volvo Offers Fleets a Leg Up on Charging Infrastructure
Volvo Trucks North America launched a program Aug. 22 it believes will smooth fleet owners’ road to the installation of electric truck charging infrastructure.
Truck Tonnage Dips 3% Year-Over-Year in July
Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.
Top Democrats, White House Celebrate CHIPS Act Anniversary
A 2022 law key to the Biden White House’s “Build Back Better” economic agenda is helping with freight supply chain connectivity, senior congressional Democrats said recently.
Kroger-Albertsons Merger Draws Protest From State Officials
The proposed merger of food retail giants Kroger and Albertsons has elicited criticism from seven secretaries of state.
Ina Daly Honored at NTDC for Career Accomplishments
XPO's Ina Daly's trip to NTDC in Columbus, Ohio, included winning the Neill Darmstadter Professional Excellence Award for best exemplifying the characteristics of a truck driver.
IRS Reminds Truckers of Aug. 31 Tax Payment Deadline
For truckers who first used their vehicles in July on a public highway, the IRS is reminding them of an Aug. 31 deadline to electronically file their heavy highway vehicle use tax return.
NHTSA Proposes New Rules for Seat Belt Usage
WASHINGTON — The Department of Transportation is proposing new rules designed to encourage seat belt use by car and truck passengers, including those sitting in the back seat.
August 21, 2023Storm Moves On but Floodwaters Remain in Southern California
PALM DESERT, Calif. — Tropical Storm Hilary swept people into swollen rivers, toppled trees onto homes and flooded roadways as the massive system marched northward Aug. 21.
August 21, 2023Diesel Price Increase Eases
The national average diesel price showed a modest gain after four straight weeks of accelerated increases, going up 1.1 cents to reach $4.389 a gallon.