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.
Ohio Battery Plant Employees First to Join UAW
Workers at a General Motors joint venture electric vehicle battery factory in Ohio have voted to join the United Auto Workers union.
Fewer Homes Being Built With ‘Challenging’ 2023 Ahead
Homebuilders have pumped the brakes on new single-family home construction this year, a trend that’s likely to extend into 2023, according to several forecasts.
Biden Announces $36 Billion for Central States Pension Fund
President Joe Biden’s administration on Dec. 8 announced the infusion of nearly $36 billion to shore up a financially troubled union pension plan, preventing severe cuts to the retirement incomes of about 350,000 Teamsters workers and retirees across the United States.
Shifting Freight Market Compels Change in Driver Recruitment
A softening freight market has led to a slowdown in recruitment spending across the transportation industry, but experts urge carriers to remain focused on retention efforts and continue working to keep a steady pipeline of drivers flowing in.
Trade Panel’s Resolution on Car Content Rules in Favor of Mexico, Canada Over US
A trade dispute resolution panel sided with Mexico and Canada over the U.S. on rules for cars shipped across regional borders, potentially giving more incentive to make auto parts in those nations.
December 8, 2022Bhatt Confirmed to Lead Federal Highway Administration
Shailen Bhatt was confirmed as the 21st administrator of the Federal Highway Administration by the U.S. Senate, the Department of Transportation announced Dec. 8.
Keystone Pipeline Is Shut Down After Oil Spills Into Creek
The Keystone oil pipeline system, a major conduit linking Canada to the U.S. Gulf Coast, was shut down after crude leaked into a creek in Kansas.
Last-Mile Focuses on Sustainable Shipping
The trucking industry has increased its focus on sustainability this year, mostly geared toward last-mile operations.
December 8, 2022ATA, Others Oppose Bill That Would Drop Renewable Diesel Labeling
American Trucking Associations and the Truckload Carriers Association have asked U.S. Senate leaders to block legislation that aims to eliminate fuel pump labeling requirements for renewable diesel fuel, a move the groups contend would cause confusion for motor carriers regarding what’s being pumped into their trucks’ tanks.
US Transport Sidesteps China’s COVID Spike Impacts for Now
China’s experience with another outbreak of the coronavirus and related protests could have a downstream impact on domestic transportation.