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, Logistics

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.

Olivia Rockeman | Bloomberg News
June 15, 2022
Business, Technology, Logistics, For-Hire

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.

Seth Clevenger | Managing Editor, Features and Multimedia
June 15, 2022
Government, Business, Technology, Fuel

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.

Jack Wittels | Bloomberg News
June 15, 2022
Government, Business, Safety, Logistics

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.

Thomas Black | Bloomberg News
June 15, 2022
Government, Business, Technology, Safety

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.

Eric Miller | Senior Reporter
June 15, 2022
Business, Equipment

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.

Roger Gilroy | Senior Reporter
June 14, 2022
Government, Business, Technology, Safety, Autonomous

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.

Tom Krisher | Associated Press
June 14, 2022
Government, Business, Technology, Equipment, Fuel

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.

Noël Fletcher | Staff Reporter
June 14, 2022
Government, Business, Logistics

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.

Dan Ronan | Senior Reporter
June 14, 2022
Government, Business, Technology, Safety

Emerging Standards Shield Trucks From Cyberattacks

WASHINGTON — The trucking industry is exploring numerous cybersecurity standards as advances in technologies increase the risk of attack.

Connor D. Wolf | Staff Reporter
June 14, 2022