Business

About Business News...

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.

Government, Business, Safety

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.

Eric Miller | Senior Reporter
January 19, 2023
Government, Business

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.

Matt Ott | Associated Press
January 19, 2023
Government, Business

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.

Anne D'Innocenzio | Associated Press
January 18, 2023
Government, Business

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.

Eric Miller | Senior Reporter
January 18, 2023
Business, Technology, Autonomous

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.

Roger Gilroy | Senior Reporter
January 18, 2023
Business, Equipment

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.

Connor D. Wolf | Staff Reporter
January 18, 2023
Government, Business, Equipment

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.

Reade Pickert | Bloomberg News
January 18, 2023
Business, Technology

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.

Dan Ronan | Senior Reporter
January 18, 2023
Government, Business, Safety

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.

Eugene Mulero | Senior Reporter
January 17, 2023
Government, Business

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.

Michael Liedtke | Associated Press
January 17, 2023