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.
Marten Reports Record-Breaking Results for Q2
Marten Transport on July 18 reported the highest operating revenue and operating income in its history for the second quarter.
Truck Tonnage in June Soars 7.9% Year-Over-Year
Truck tonnage in June soared 7.9% above the same month last year, American Trucking Associations' For-Hire-Truck Tonnage Index released July 19 showed.
Yellen Touts ‘Friend-Shoring’ as Global Supply Chain Fix
U.S. Treasury Secretary Janet Yellen called on “trusted” U.S. allies to strengthen trade relationships to shore up global supply chains disrupted by the pandemic, worsened by Russia’s war in Ukraine and threatened longer term by a reliance on China.
July 19, 2022UPS Expands Cargo Services in India to Seize Airfreight Boom
UPS Inc. opened a second airport cargo-handling facility in India to capture soaring pandemic-driven demand for airfreight.
Volvo Q2 Prosperity Tied to Record Quarterly Truck Sale Revenue
Volvo Group reported higher second-quarter net income as revenue from truck sales rose 51% to set a quarterly record.
Chips Bill Gains Steam in Senate Despite Last-Minute Lobbying
A drive in the Senate to quickly pass $52 billion in grants and incentives for U.S. semiconductor manufacturing picked up steam in Congress despite last-minute lobbying for changes.
Trade Groups Ask Newsom to Delay Enforcement of AB 5
More than 70 trade associations representing wide-ranging supply chain interests have sent a letter to California Gov. Gavin Newsom asking him to issue an executive order to temporarily pause enforcement of the state’s AB 5 contractor law.
J.B. Hunt Launches Southern California Transload Service
J.B. Hunt Transport Services Inc. will open its first transload service facility on the West Coast, the company announced July 13.
July 18, 2022The Smartest Strategy for Highway Safety
Understanding trends in highway inspection violations can help you better form your safety strategy. What safety technology trends are the most relevant to those operating commercial vehicles? Register to watch the replay of our interview with CVSA Executive Director Collin Mooney.
July 18, 2022Trucking Faces Pressure to Prepare for Holidays Early
Supply chain pressures are forcing trucking to get an early start to the holiday shipping season despite a shift of underlying conditions within the industry.