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, Logistics

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.

Eugene Mulero | Senior Reporter
July 20, 2022
Business

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

Connor D. Wolf | Staff Reporter
July 20, 2022
Government, Business

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.

Augusta Saraiva | Bloomberg News
July 20, 2022
Business, Technology, Equipment, Safety

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.

Roger Gilroy | Senior Reporter
July 20, 2022
Business, Fuel

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.

Chunzi Xu | Bloomberg News
July 20, 2022
Government, Business, Safety

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.

Eugene Mulero | Senior Reporter
July 20, 2022
Business, Equipment, Logistics

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.

Dan Ronan | Senior Reporter
July 20, 2022
Business, Technology, Equipment, Logistics, Perspective

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.

Glenn Riggs | Chief Strategy Officer, Odyssey Logistics & Technology
July 20, 2022
Government, Business, Technology, Fuel

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.

Cathy Bussewitz | Associated Press
July 20, 2022
Business, Logistics, For-Hire

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.

Connor D. Wolf | Staff Reporter
July 20, 2022