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.
KAG Announces Retirement of CEO Bruce Blaise
The Kenan Advantage Group announced management changes following the retirement of president and CEO Bruce Blaise.
May 24, 2021Tesla Tests Lidar, Which Musk Once Scorned
Tesla Inc., whose boss Elon Musk says he can develop a fully self-driving car without using laser-sensor technology, has a contract to use such lidar sensors from Luminar Technologies Inc. for testing and development, according to people familiar with the matter.
May 24, 2021Out-of-Network Repairs Help Dealerships Nurture New Relationships With Fleets
For trucking companies, securing timely repairs at their partnered truck dealerships is typically simple, straightforward and an expectation that came with the purchase. But what about when the truck is on a long haul and must be serviced by another dealer? In those likely events, truck dealers say that building rapport is the road map to a successful business partnership.
Suez Canal’s Claim Over Once-Stuck Ship Referred by Court
CAIRO — An Egyptian appeals court said May 23 it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the seizure of the cargo ship that blocked the waterway in March.
Senate Panel Reaches Bipartisan Deal on Highway Funding Package
A group of senators said it reached a bipartisan agreement on highway funding a day after Republicans rejected the Biden administration’s trimmed-down $1.7 trillion infrastructure proposal.
Cummins to Build Hydrogen Equipment Factory in Spain
American industrial giant Cummins Inc. plans to build in Spain one of the world’s largest manufacturing facilities for machines that produce hydrogen from electricity.
Change of Venue Requested in Pilot Flying J Retrial
Former Pilot Flying J President Mark Hazelwood and two former company executives have asked a federal judge for a change of venue in their upcoming retrial early next year on federal charges of cheating truckers out of diesel fuel rebates.
Biden, GOP Senators Continue Negotiations on Infrastructure
President Joe Biden’s infrastructure funding agenda was scaled down to about $1.7 trillion amid ongoing pushback from the Republican leadership in the Senate, which on May 27 outlined a $928 billion counterproposal.
Looking Ahead to Autonomous Trucking
Although autonomous trucks are still in their infancy, the continued development and eventual deployment of these vehicles represents a new frontier for the freight transportation business. As this technology advances in the coming years and decades, fleet operators that adopt self-driving trucks will encounter a new management challenge: finding the best ways to combine automation with human labor.
When Will Trucks Drive Themselves?
The road to autonomous trucking is long and littered with obstacles, but developers of self-driving systems for commercial vehicles are making clear and tangible progress in their mission to bring this technology to market.