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.
TMC Announces Changes to Meetings, Exhibition
American Trucking Associations announced the Technology & Maintenance Council showcase exhibition will be an in-person event as part of TMC’s fall meeting.
Scanning Every Vehicle Could Cause Border Backups
A new U.S. law signed Jan. 5 requires every vehicle, truck and freight train that crosses into the United States from Mexico or Canada to be scanned and inspected at ports of entry with X-ray or similar technology.
Trucking Bankruptcies Surged in 2020 as Pandemic Hit Small Carriers
The COVID-19 pandemic forced more than 3,000 trucking companies out of business in 2020 — a significant leap from about 1,000 the year prior — as the early months of the global health crisis proved too difficult for some in the industry to withstand.
John O’Leary to Succeed Roger Nielsen as CEO of DTNA
Daimler Truck AG announced it appointed John O’Leary as the next president and CEO of Daimler Trucks North America, the leading truck maker in North America, effective April 1.
February 16, 2021Snow, Ice May Stall Vaccine Shipments
The U.S. vaccine supply is increasing to 13.5 million doses per week, up from 11 million, but harsh winter weather may slow the pace temporarily.
Lawmaker Revisits Truck Parking Concerns at US House Hearing
A measure designed to improve access to truck parking around the country is expected to come up for consideration later this year when congressional policymakers debate comprehensive transportation legislation.
Arctic Blast Cuts US Oil Output by 2 Million Barrels a Day
U.S. oil production has plunged by more than 2 million barrels a day as the coldest weather in 30 years brings havoc to key producing states that rarely have to deal with frigid Arctic blasts.
January Classes 4-7 Sales Align With Expectations
Classes 4-7 U.S. retail sales in January climbed 14.3% compared with a year earlier, led by a surge in the Class 6 segment, WardsAuto .com reported.
Electric Aircraft Demand Seen Growing for Deliveries
Electric aircraft such as drones could account for 30% of same-day package deliveries by 2040 as network scale dramatically brings down costs, according to L.E.K. Consulting.
February 16, 2021FMCSA Extends Emergency Declaration Through May 31
The Federal Motor Carrier Safety Administration has again extended its emergency declaration offering regulatory relief to truckers involved in coronavirus-related assistance efforts.