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.
California Appeals Court Rules Motor Carriers Not Exempt From AB 5
The California Court of Appeals has issued an opinion declaring motor carriers are not exempt from a state law aimed at reclassifying owner-operators as employees.
Manufacturing Sector Improves Despite Persisting COVID Issues
Manufacturing has improved greatly since the onset of the coronavirus pandemic, but a lot of work remains, experts said during a panel discussion.
Hyliion Names Jose Oxholm Chief Compliance Officer
Hyliion Holdings Corp., a supplier of electrified powertrain solutions for Class 8 vehicles, has appointed Jose Oxholm chief compliance officer and general counsel.
November 20, 2020How a Texas ‘Fender Bender’ Truck Accident Turned Into a $32 Million Nuclear Jury Verdict
A civil action against FTS International Services remains one of dozens of so-called “nuclear” verdicts against motor carriers, defined as awards in excess of $10 million, that in recent years have been on a steep rise.
Biden Unlikely to Quickly Unwind China Tariffs, Democrat Ally Says
President-elect Joe Biden isn’t likely to quickly unwind the tariffs President Donald Trump has imposed on Chinese imports, said Delaware Senator Chris Coons, a close ally of the incoming leader.
Trucking Offered Measure of Stability in Diesel Revenue as Pandemic Caused Gas Tax Revenue to Tank
In addition to essential supplies, truck drivers during the pandemic provided a service that is less tangible but no less important: boosting revenue for state transportation departments.
States Take Action as COVID-19 Chokes Revenue Streams
Many state transportation agencies continue to develop revenue forecasts to determine how much money they can expect to lose in fuel tax revenue, tolls and transit fares in the wake of the pandemic.
Prestolite LoadHandler Starters, Alternators Now at Love’s Travel Stops
Prestolite Electric Inc. announced its LoadHandler Power Products brand of starters and alternators are available at Love’s Travel Stops’ nationwide network of Love’s Truck Care and Speedco locations.
November 20, 2020Oil Poised for Weekly Increase on COVID-19 Vaccine Optimism
Oil is poised for a third weekly gain with positive COVID-19 vaccine developments paving the way for a more sustained recovery in oil demand.
Aperia Chooses Fontaine Modification as Preferred Installer
Aperia Technologies Inc., a supplier of tire management technologies, announced it designated Fontaine Modification as a preferred installer of its Halo Tire Inflator and Halo Connect technology.
November 20, 2020