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.
Trailer GHG Ruling Muted by California Rules, Industry's Direction
A D.C. court of appeals ruling exempts trailers from federal greenhouse gas and fuel-efficiency rules, but California mandates will create the same technology standards for many fleets, while others are adopting the technology because of the economic case for it.
DOT Announces Strategy to Address Increases in Roadway Deaths
The U.S. Department of Transportation on Jan. 27 released a multibillion-dollar plan that calls for actions to address what it called “a national crisis in roadway fatalities and serious injuries.”
Used Class 8 Retail Average Price in December Sets Record
The average retail price for a used Class 8 vehicle in December forged ahead to another monthly record as it cleared $82,000. That was 66% higher compared with a year earlier, ACT Research reported.
Biometric Privacy Law in Illinois Posing Legal Challenge for Truckers
Legal experts are warning that trucking companies and their technology providers could be unintentionally dragged into state and federal class-action civil lawsuits over compliance with the notification requirements of an Illinois biometric privacy law.
Congressional Republicans Press White House for Infrastructure Policy Insight
The top Republican on the U.S. House Transportation and Infrastructure Committee called on the White House to brief his colleagues on the Biden administration’s strategy for implementing a $1 trillion infrastructure law.
Renault, Nissan to Invest $26 Billion in Future EVs
The French-Japanese auto alliance of Renault and Nissan plans to invest $26 billion in electric vehicle technology over the next five years, the companies said Jan. 27.
The Diesel Market Looks at Risk of Price Spikes
A slump in global diesel stockpiles has left the market vulnerable to price spikes.
Norfolk Southern Posts Record Results for Q4, Full Year
Norfolk Southern Corp. reported record fourth-quarter and full-year net income from railway operations and operating ratio when the Class I railroad released its results Jan. 26.
Cardboard Box Shortage Is Latest Disruption to Global Shipping
The latest hurdle to shipping goods in a world gripped by pandemic-driven supply chain disruptions is a shortage of cardboard boxes, according to one of the world’s biggest makers of the material.
Jobless Claims Decline for First Time in Four Weeks
Applications for U.S. state unemployment insurance fell for the first time in four weeks, partially unwinding a recent spike in claims due to the omicron variant.