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.
May Retail Sales Post Drop as Auto Purchases Plunge
U.S. retail sales fell in May for the first time in five months, restrained by a plunge in vehicle purchases and other big-ticket items, suggesting moderating demand for goods amid decades-high inflation.
Firms Leverage Innovations to Manage Supply Chain Disruptions
CHICAGO — Trucking and logistics leaders said their companies’ investments in technology and more flexible service offerings have paid dividends during the supply chain turbulence of the past few years.
Diesel Crisis Likely to Stay Unfixed by Oil Refining Revival
A wave of new oil refining capacity that’s coming on stream won’t be enough to solve a global shortage of diesel, jet fuel and similar petroleum products.
Railroad, Union Labor Fight Moves Toward Biden Intervention
Major railroads, including Union Pacific Corp. and BNSF Railway Co., and their unions remain at an impasse after a government board ended efforts to mediate a settlement, a move that will likely force President Joe Biden’s administration to intervene and prevent a strike that could cripple an already-strained U.S. supply chain.
CVSA Asks FMCSA to Require Documents for Hemp Transports
The Commercial Vehicle Safety Alliance has petitioned the Federal Motor Carrier Safety Administration to amend agency regulations to require that interstate transporters of hemp carry a variety of shipping documents to avoid law enforcement uncertainties.
May Trailer Orders at Year’s Low, but Double That of 2021 Period
U.S. trailer orders in May fell to the lowest point this year as they just cleared 18,000.
NHTSA Says 273 Teslas With Automated Driving Systems Have Crashed
DETROIT — Tesla reported 273 crashes involving partially automated driver-assist systems, according to statistics about the industry released by U.S. safety regulators on June 15.
Oregon Alerts Portland-Area Truckers About Diesel Retrofit Law
Oregon officials are reminding some owners of medium- and heavy-duty trucks using engines made in 1996 or older to get a diesel retrofit by Jan. 1.
Biden Signs Ocean Shipping Reform Act
President Joe Biden on June 16 signed the Ocean Shipping Reform Act, a legislative package designed to bolster the domestic shipping industry, and which drew praise from transportation and business leaders.
Emerging Standards Shield Trucks From Cyberattacks
WASHINGTON — The trucking industry is exploring numerous cybersecurity standards as advances in technologies increase the risk of attack.