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.
Why Nearly Empty Auto Lots Make This Pump-Price Shock Different
Gasoline soaring above $4 a gallon this month has inspired comparisons to 2008, when pump prices sapped demand for fuel-guzzling SUVs and helped push Detroit’s automotive behemoths into bankruptcy.
Oil Traders Jump Into Action as Europe Screams for Diesel Supply
Traders are snapping up ships to haul millions of barrels of diesel westward from Asia and the Middle East as oil supply chains react to Russia’s invasion of Ukraine.
Class 8 Orders Remain Flat in February
Preliminary North American Class 8 orders in February came in at 21,000, or essentially even with January’s volume but less than half of what buyers ordered a year earlier, ACT Research reported, citing truck makers’ initial data.
ATA Urges Biden to Increase Oil, Natural Gas Production
American Trucking Associations, in a letter sent to the White House, is urging the Biden administration to expand domestic oil and natural gas production.
Alcoa Unveils Lighter Wheels, Covers
ORLANDO, Fla. — Alcoa Wheels introduced a new set of products designed to enhance performance and efficiency across the industry.
New Jersey Drivers Still Don’t Want to Pump Their Own Gas
Last week, for what seemed like the zillionth time, lawmakers introduced a bill to end New Jersey’s status as the only state that prohibits motorists statewide from filling their own tanks. A Rutgers-Eagleton poll found that 73% of residents prefer to have an attendant do it for them, while 22% said otherwise.
Pilot Flying J Plans $1 Billion Expansion, Renovation
Pilot Flying J announced March 9 that it plans to spend $1 billion to remodel nearly 500 of its oldest travel centers across the country.
Industry Experts Tell Fleet Managers to Be Proactive With Electrification
ORLANDO, Fla. — When implementing a charging station for a commercial fleet, managers should heed the simple phrase, “plan early.”
Clarience Partners With Wabash, Meritor on Connected Truck, Trailer Applications
ORLANDO, Fla. — Trucking technology and component provider Clarience Technologies has formed partnerships with trailer maker Wabash National Corp. and industry supplier Meritor Inc. on connected truck and trailer capabilities.
Infrastructure Team Outlines Efforts to Deploy Funds
The White House team leading President Joe Biden’s Infrastructure and Investment Jobs Act outlined its efforts to work through state and local governments to help them organize and access $1.2 trillion in federal funds.