Business

About Business News...

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.

Government, Business, Safety, Logistics

World’s Biggest Brands Adopt Checklist to Protect Seafarers

Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks.

K. Oanh Ha and Jack Wittels | Bloomberg News
May 6, 2021
Business, Autonomous

Plus Hires Former FMCSA Official Wiley Deck

Former FMCSA Deputy Administrator Wiley Deck has been tapped by autonomous truck technology firm Plus to head government affairs and public policy.

Eleanor Lamb | Staff Reporter
May 6, 2021
Government, Business

Jobless Claims Fall More Than Forecast to Pandemic Low

Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly.

May 6, 2021
Government, Business

Labor Department Drops Independent Contractor Rule

The U.S. Department of Labor has announced the withdrawal of a federal regulation for classification of independent contractors that the agency earlier said would “promote certainty” for the trucking industry’s use of contractors, but which it now maintains would introduce “substantial confusion and uncertainty on the topic.”

Eric Miller | Senior Reporter
May 6, 2021
Business, Top 100

February Weather Takes Toll on Yellow’s Q1 Earnings

Yellow Corp. reported a revenue gain for the first quarter of 2021, but said weather-related issues during the period took a toll on its bottom line.

Dan Ronan | Senior Reporter
May 5, 2021
Business, Technology, Fuel, Logistics, Top 100

XPO Begins Testing Electric Trucks

XPO Logistics is testing a Freightliner eCascadia in Oakland, Calif., the first step in what it expects is a lengthy transition from diesel-powered heavy-duty trucks.

Jerry Hirsch | Contributing Writer
May 5, 2021
Business, Technology, Equipment, Safety

VTNA Makes Lytx Video Telematics an Option

Volvo Trucks North America announced onboard technology from Lytx is available on all model-year 2022 or newer Volvo trucks as a factory-installed option.

May 5, 2021
Business, Technology

Uber Bookings Climb 24% on Strong Growth in Delivery

Uber Technologies Inc. reported a 24% increase in gross bookings in the first quarter, driven by continued growth in the delivery business.

Lizette Chapman | Bloomberg News
May 5, 2021
Government, Business, Equipment, Fuel, Logistics, TCA

Bill Would Create National EV Charging Network in Five Years

WASHINGTON — Rep. Andy Levin (D-Mich.) is reintroducing the EV Freedom Act, which seeks to build a nationwide electric vehicle charging network within five years.

Riley Beggin | The Detroit News
May 5, 2021
Government, Business, Technology, Safety

Delays Continue for Potential New FMCSA System to Score Carrier Safety

Nearly four years after it was first introduced, FMCSA has yet to make an official call on whether to incorporate the highly complex data method known as Item Response Theory — or IRT — into its Compliance, Safety, Accountability motor carrier safety rating program.

Eric Miller | Senior Reporter
May 5, 2021