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.
Trade Gap in Goods, Services Narrows to Smallest This Year
The U.S. trade deficit shrunk in May to the lowest level of the year, reflecting a pickup in exports of goods and services.
Clarience Technologies Acquires P.S.I.
The deal for the provider of automatic tire inflation systems extends Clarience's string of recent acquisitions.
Stakeholders to White House: Extend ‘Buy America’ Rules Waiver
Nearly 50 transportation groups are asking the Biden administration to extend a waiver for certain requirements for products and materials associated with infrastructure construction projects.
The Next Frontier for Drones: Out of Sight
REMINGTON, Va. — For years, there’s been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it’s a good idea — it’s also the law.
ATA’s Costello Puts Chances of a Recession in 2023 at 50-50
Economic conditions in the country and in trucking remain relatively strong, but American Trucking Associations Chief Economist Bob Costello said he has concerns about early 2023 and puts the chance of a recession in the first quarter of the year at 50-50.
July 6, 2022West Coast Dockworkers Still Talking After Contract Expired
LOS ANGELES — A contract between shipping companies and 22,000 West Coast dockworkers expired over the weekend. But both sides continued to talk and said they want to avoid a strike that could savage an economy already stressed by soaring inflation and supply chain woes.
States Adopt Digital License Plates for CMVs
Digital license plates are a reality for heavy trucks in California and Arizona as Texas becomes the latest to adopt this innovative technology, but only for some commercial vehicle fleets.
Amazon Will Take Stake in Grubhub, Offer Prime Users Membership
Just Eat Takeaway.com NV’s shares jumped the most in almost four years after Amazon.com Inc. agreed to take a stake in its Grubhub business.
Walmart Announces New Charges for Suppliers
Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs.
NHTSA Announces Canadian Rear Underride Guard Standard for US
The National Highway Traffic Safety Administration has finalized a rulemaking that updates two truck rear underride guard standards it said will improve protection for drivers and passengers in light vehicles in the event of a rear underride crash.