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.
Federal Officials Plan to Add Fentanyl to Drug Tests
Federal drug regulators could soon announce plans to add fentanyl to a drug testing panel that would detect use of the dangerous drug among safety-sensitive federal employees — ultimately including truck drivers — after adoption by the Department of Transportation.
Jobless Claims Fall to Lowest Since September
WASHINGTON — The number of people seeking unemployment benefits in the U.S. reached a four-month low for the week of Jan. 8-14.
Retail Sales Fall 1.1% in December as Inflation Takes a Toll
NEW YORK — Americans cut back on spending in December, the second consecutive month they’ve done so.
California Trucking Group Rekindles Legal Battle to Block AB 5
The California Trucking Association has asked a federal judge to issue a new preliminary injunction in an attempt to continue its legal battle to block enforcement of California’s AB 5 law that CTA maintains will force owner-operators to become motor carrier employees.
Nikola Develops Hydrogen Mobile Fueler to Use in 2023
Nikola Corp. announced it developed a heavy-duty, 700-bar hydrogen mobile fueler capable of direct fueling hydrogen fuel cell electric vehicles.
December Classes 4-7 Retail Sales Stumble
U.S. retail sales for medium-duty trucks experienced a 6.2% year-over-year decline in December, Wards Intelligence reported.
Producer Price Index Sees Biggest Decline Since April 2020
U.S. producer prices dropped in December by the most since the start of the pandemic, extending a monthslong pullback in inflationary pressures and giving the Federal Reserve room to slow the pace of interest-rate hikes.
Volvo Group Venture Capital Invests in Autonomous Tech Firm Waabi
Volvo Group Venture Capital AB on Jan. 18 said it is investing in Canadian autonomous trucking technology company Waabi Innovation Inc.
DOT Unveils Strategic Safety Plan
Evaluating existing technologies and supporting emerging technologies will facilitate the adoption of safety programs for the country’s mobility corridors, a new strategic plan from the Department of Transportation determined.
Jury Selection Begins for Musk’s Tesla Tweets Trial
A Silicon Valley judge began questioning potential jurors Jan. 17 to hear allegations that Elon Musk cheated Tesla investors by claiming in a 2018 tweet that he had lined up financing to take the electric automaker private.