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.
ATA’s Chris Spear Touts Efforts to Address Parking, Training at Mid-Year Session
SCOTTSDALE, Ariz. — American Trucking Associations President Chris Spear said the group’s recently completed Mid-Year Management Session tackled key issues facing the industry, but stressed that much work remains to address the biggest challenges confronting motor carriers.
House Passes Fuel Price Gouging Bill
Legislation that aims to expand federal provisions against price gouging in the marketplace for gasoline and other fuels passed in the U.S. House of Representatives on May 19.
Spot Market Normalization Signals Uncertain Future
The spot market has been declining, but with rates and volumes still above historic norms it’s unclear where it will stabilize.
Gas Price Records Mount as Travel Nears Pre-COVID Norms
Gasoline prices in the U.S. have hit fresh peaks for the past 10 days, the longest run of consecutive records just as travel is expected to approach levels seen before the pandemic, according to auto club AAA.
House Panel Approves Water Bill
Legislation that would approve dozens of projects and studies under the purview of the Army Corps of Engineers was advanced by a committee in the U.S. House of Representatives on May 18.
Diesel’s Surge, Scarcity Creates Issues for Farmers
Farmers from Iowa to Ukraine are grappling with surging diesel prices and an unsteady supply, forcing them to spend unprecedented sums on fuel in a chaotic market and raising concerns about the autumn harvest.
Daimler to Deploy 800 eCascadias to Sysco
Food service distributor Sysco Corp. and Daimler Truck North America jointly announced Sysco’s letter of intent to deploy 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.
Aurora, FedEx Expand Texas Autonomous Routes
Aurora Innovation Inc. and FedEx have expanded their autonomous trucking partnership to include freight hauling between terminals in Fort Worth and El Paso, Texas.
California to Join $8 Billion Hydrogen Hub Race
California will seek some of the $8 billion President Joe Biden set aside for building hydrogen production hubs, joining a crowded race among states angling for the money.
Supply Chain Woes Threaten Electric Grid
A vast swath of North America from the Great Lakes to the West Coast is at risk of blackouts this summer as heat, drought, shuttered power plants and supply chain woes strain the electric grid, according to a report.
May 18, 2022