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.
Ex-Pilot Flying J President Hazelwood, Two Others, to Be Retried
There is no question now that former Pilot Flying J President Mark Hazelwood and two former company executives, already convicted of cheating truckers out of diesel fuel rebates, will be retried on federal criminal charges. What remains unknown, though, is when?
UK Supreme Court Gives Uber Drivers Benefits in Landmark Ruling
LONDON — Uber drivers in Britain should be classed as “workers” and not self-employed, the U.K. Supreme Court ruled Feb. 19, in a decision that threatens the company’s business model and holds broader implications for the so-called gig economy.
2021 Farm Exports to China Will Approach Record
The value of U.S. farm exports to China will touch $31.5 billion in the federal fiscal year ending Sept. 30, the highest ever, the U.S. Agriculture Department said Feb. 18 in a report.
Daimler Posts Income Increase, Revenue Dip in Q4
Daimler AG reported a dip in revenue and a gain in net income in the fourth quarter compared with a net loss a year earlier.
Reliance Partners Adds Borderless Coverage to Portfolio
Trucking insurance company Reliance Partners has acquired Borderless Coverage, a North American cross-border supply chain insurance provider.
February 18, 2021Democrats Put Biden Stimulus on 10-Day Fast Track for House Vote
The House is aiming to vote Feb. 26 on President Joe Biden’s $1.9 trillion stimulus plan, as Democrats pivot quickly to their top priorities after Donald Trump’s impeachment trial ended in acquittal.
DTNA’s Outgoing CEO Roger Nielsen Reflects on Industry’s Transformation
Roger Nielsen’s four years as CEO of Daimler Trucks North America coincided with a time of rapid change in the commercial vehicle industry, highlighted by the introduction of electric-powered trucks and the continued advance of automated driving and connected vehicle technologies.
Allison, Dana Both Find Room for Optimism in Q4 Results
Allison Transmission Holdings Inc. reported lower net income and revenue while Dana Inc. posted lower net income and slightly increased revenue.
EPA Steps Up Efforts to Catch Emissions Tampering
The U.S. Environmental Protection Agency is in its second year of a four-year enforcement effort to catch truckers who are installing emissions defeat devices or otherwise tampering with emissions systems.
Pandemic Forces Cancellation of NTDC for Second Consecutive Year
For the second summer in a row, the National Truck Driving Championships & National Step Van Driving Championships are being canceled due to the COVID-19 pandemic.