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.
House Committee Approves Truck Parking Bill
Legislation designed to increase parking access for truck drivers nationwide was easily approved by the House Transportation and Infrastructure panel on July 20.
Low Rates, Rising Fuel Costs Threaten Independent Drivers
The high-demand environment over the past two years was met with a rise in independent truckers, but increased headwinds threaten that trend
AB 5 Trucker Protest Leads Oakland Port to Close Terminals
California’s third-busiest port, the Port of Oakland, shut down some of its gates and marine terminals for a third day July 20 as truckers protesting the AB 5 gig-work law that could take 70,000 drivers off the road blocked access to the operation.
ZF Outlines Path Ahead for CV Business
ZF Friedrichshafen AG, a global supplier to commercial vehicles and passenger cars, recently showcased its efforts with automation, steer-by-wire, a modular electric driveline and AI-based transport-as-a-service (TaaS) and reported its new commercial vehicle solutions division is up and running, with orders for technology coming in.
Gas Demand Stalls at Height of Summer Driving Season
U.S. gasoline demand remains below where it was this time two years ago as historically high prices keep more drivers off the road than COVID-19 did in the summer of 2020.
Secretary Pete Buttigieg Highlights Younger Drivers Workforce Program
Efforts to boost the number of younger drivers in the trucking workforce are underway, Transportation Secretary Pete Buttigieg told a congressional committee on July 19.
Pacific, Atlantic Ports Post Strong June Volumes
The Port of Los Angeles reported its highest container volume ever for the month of June in its 115-year history.
Perspective: The Power of Cloud-Based Technology
Over the past few years, we have learned that the more we can do remotely, the more we can potentially mitigate disruptions to business. Across supply chains, a cloud-based transportation management system can help companies facilitate remote operations, allowing businesses — even small ones — to make smarter choices, reduce costs and be more competitive.
Sky-High Diesel Prices Squeeze Truckers, Farmers, Consumers
NEW YORK — When longhaul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize “deadheading” — driving an empty truck in between deliveries.
J.B. Hunt Reports Q2 Revenue Jump to $3.84 Billion
J.B. Hunt Transport Services Inc. on July 19 posted earnings and revenue growth for the second quarter that was driven by strong segment results.