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.
With Pump Prices High, Buy an EV? ‘Lots of Luck’
Spiking gasoline prices have hiked Americans’ monthly bills to fuel popular pickups and SUVs by hundreds of dollars, which is leading more consumers to kick the tires on electric vehicles.
US Inflation Soared 7.9% in Past Year, a Fresh 40-Year High
WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of higher prices to come.
Yellow Reaches Settlement With DOJ
Yellow Corp. has reached a settlement with the Department of Justice over allegations dating back to 2005 that the company overcharged the federal government while shipping items for the Department of Defense.
Industry Leaders Recognized During TMC Annual Meeting
ORLANDO, Fla. — Several industry professionals were honored for their service to the council and the trucking industry during the Technology & Maintenance Council 2022 Annual Meeting & Transportation Technology Exhibition on March 8.
New Jersey, Other States Expand Online Services for Heavy Trucks
Registering heavy trucks just got easier in New Jersey thanks to the state’s motor vehicle commission adding 17 vehicle types to its expanded online services.
States Pitch Tax Cuts, Rebates to Ease Gas Price Surge
Governors from California to New York are proposing tax cuts, rebates and other forms of relief to drivers paying more than $4 a gallon to fill their gasoline tanks amid Russia’s war with Ukraine.
Ceva, Kodiak Launch Autonomous Deliveries to Oklahoma
Ceva Logistics announced it teamed up with autonomous commercial vehicle technology company Kodiak Robotics Inc. to deliver freight autonomously between Dallas-Fort Worth and Oklahoma City, expanding on an existing relationship.
March 9, 2022Gas Prices Prompt Newsom to Seek Rebate for California Drivers
SACRAMENTO, Calif. — California Gov. Gavin Newsom proposed sending money back to taxpayers to offset record-high gas prices but rejected calls to increase oil drilling, saying he wants to free the state “once and for all from the grasp of petro-dictators.”
XPO to Split LTL, Freight Brokerage Businesses
XPO Logistics is creating two new, stand-alone, publicly traded companies in the less-than-truckload and tech-enabled brokered transportation sector, the company announced March 8.
DTNA’s O’Leary Urges Fleets to Prepare Now for Electric, Automated Future
ORLANDO, Fla. — Daimler Truck North America CEO John O’Leary urged fleets and maintenance shops to begin planning for the emergence of electric-powered and increasingly automated trucks.