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.
Manufacturing Growth Weakens to Two-Year Low as Orders Slump
A measure of U.S. manufacturing activity weakened in June to a two-year low as new orders contracted, restrained by lingering supply constraints and some softening in demand.
Agency Clears Way for Oakland Athletics Ballpark Plan at Port
SAN FRANCISCO — A California agency on June 30 cleared the way for the Oakland Athletics to continue planning a $12 billion waterfront ballpark project.
J.B. Hunt Expedites Overseas Delivery of New Containers
J.B. Hunt Transport Services Inc. has expedited overseas delivery of new containers as part of its commitment to grow intermodal capacity, the company announced June 30.
June 30, 2022Record Drivers for July 4th Weekend to Boost Gasoline Demand
Gasoline demand in the U.S. is set to get a bump this July 4th weekend as a record number of drivers are expected to hit the road with some relief at the pump.
Hydrogen’s Uniqueness Calls for Extra Safety Measures
Safety measures are being developed to deal with the special properties of hydrogen as the pace quickens to bring heavy-duty fuel-cell trucks to market.
Supreme Court Declines to Hear California AB 5 Contractor Law Appeal
The U.S. Supreme Court announced on June 30 it has declined to hear an appeal of a California state law aimed at reclassifying owner-operators as motor carrier employees.
Refueling Milestone to Bring Fuel-Cell Hydrogen Trucks Closer to Reality
Federal researchers hope in July to reach a key milestone to refuel heavy-duty fuel-cell hydrogen trucks in 10 minutes, paving the way to prototype hardware and protocols for fueling stations.
TIA Moves Headquarters to New Office Space
The Transportation Intermediaries Association, which represents the third-party logistics industry, moved into a new office June 27 in Alexandria, Va.
June 30, 2022Hyliion, Cummins Collaborate on Hypertruck ERX
Hyliion Inc. announced it is collaborating with Cummins Inc. to bring Hyliion’s natural gas extended range powertrain to North American trucking on schedule.
US Will Face High Gas Prices ‘as Long as It Takes,’ Biden Says
President Joe Biden said Americans will have to stomach high gas prices “as long as it takes” to beat back Russian President Vladimir Putin’s invasion of Ukraine.