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.
Loads Increasingly Shifting to Spot Market, DAT Data Shows
An increasing number of loads are shifting onto the spot market amid tight conditions in trucking, according to recent data by DAT Freight & Analytics.
US Shipping Rule Waived so Foreign Tanker Can Deliver Fuel
The Biden administration temporarily eased century-old U.S. shipping requirements so a single foreign tanker could transport gasoline and jet fuel to the East Coast, where the Colonial Pipeline outage caused tanks to run dry.
Forklift Driving Becomes Desk Job in Phantom-Mitsubishi Deal
Phantom Auto, a California-based startup focusing on remote vehicle operation, has struck a deal to provide logistics equipment heavyweight Mitsubishi Logisnext Co. with software that enables forklifts to be operated remotely from thousands of miles away.
US Jobless Claims Fall More Than Forecast in Week Ended May 8
Applications for U.S. state unemployment insurance fell to a fresh pandemic low last week as business confidence strengthens and employers seek to fill more positions left open by restrictions.
Texas Senate Committee Approves Legislation to Curb Lawsuit Abuse
The Texas Senate Transportation Committee has unanimously approved a House bill that would help curb the growing trend of lawsuit abuse targeting commercial vehicles in Texas.
Colonial Pipeline Restarts Operations, but Normalcy Days Away
Colonial Pipeline, the nation’s largest fuel pipeline, restarted operations May 12, days after it was forced to shut down by a gang of hackers.
May 12, 2021New TIA Chairman Michael Riccio Highlights Areas of Focus
Michael Riccio discussed his goals as the newest chairman of the Transportation Intermediaries Association during the 2021 TIA Capitol Ideas Conference on May 12.
Missouri Lawmakers Pass Fuel Tax Hike With Refund Option
JEFFERSON CITY, Mo. — Missouri drivers will likely pay more at the pump starting this fall after lawmakers passed a bill to raise the state’s fuel tax for the first time in more than two decades.
House Panel Ready for Transportation Bill, Rep. Peter DeFazio Says
WASHINGTON — Comprehensive, multiyear surface transportation legislation is likely to be considered by a U.S. House committee prior to Memorial Day, the chamber’s top transportation policymaker said May 12.
Repairs to I-40 Bridge Could Take Months
MEMPHIS, Tenn. — Repairs to the Interstate 40 bridge linking Arkansas and Tennessee could take months after a crack was found in the span, forcing thousands of trucks and cars to detour and shutting down shipping on a section of the Mississippi River, a transportation official said May 12.
May 12, 2021