Trucking Business News

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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.

Business

Henri Targets Long Island, New England

Tropical Storm Henri is set to grow into a hurricane before slamming the Northeast anywhere from Long Island to Massachusetts, bringing heavy rain, a flooding storm surge and thrashing winds to the region starting Aug. 22.

August 20, 2021
GovernmentBusinessTechnologyEquipmentSafetyAutonomous

NTSB’s Jennifer °®¶¹´«Ã½ndy Says Automated Driving Claims Erode Public Trust

The nation’s new chief accident investigator wants to send a message: growing public confusion over automated driving systems in the U.S. is threatening to undermine the potential safety benefits of the technology.

August 20, 2021
GovernmentBusinessSafety

As Nuclear Verdicts Drive Up Costs, Focus Is on Safety, Data

Escalating insurance costs have become a severe financial headwind for trucking companies in an industry already known for tight profit margins.

August 20, 2021
BusinessLogistics

Amazon Became Hedge Fund Favorite Just Before Shares Tumbled

Hedge funds piled into Amazon.com Inc. in the second quarter, putting themselves on the front line of losses as the stay-at-home trade began to unravel.

August 20, 2021
BusinessLogistics

The Search for Drivers and the Fight to Keep Them

Although career opportunities in trucking are abundant, the driver shortage has been a thorn in the industry’s side for years, and it has only become more severe as freight demand has surged amid the recovery from the COVID-19 pandemic.

August 20, 2021
BusinessTechnologyAutonomous

Tesla Swaps Year-Away Robotaxis for Year-Away Humanoid Robot

More than two years after touting plans to turn Tesla Inc. vehicles into robotaxis that have yet to materialize, Elon Musk held another highly technical event about autonomous driving development.

August 20, 2021
GovernmentBusinessSafety

Transportation Panels Pursue Climate, Clean Energy Priorities in $3.5 Trillion Budget

House Speaker Nancy Pelosi is urging Democrats to unify in support of a $3.5 trillion budget proposal that would help advance President Joe Biden’s domestic agenda, including social aid programs and climate change policies.

August 19, 2021
GovernmentBusiness

Workers at Mexico GM Plant Oust Union

MEXICO CITY — Workers at a General Motors plant in Mexico have voted to end a collective bargaining contract negotiated by an old-guard union accused of intimidation tactics in earlier votes. It was an early display of the effectiveness of labor mechanisms negotiated under the U.S.-Mexico-Canada Trade Agreement.

August 19, 2021
BusinessLogistics

Supply Chain Challenges Likely to Remain Well Into 2022

As retailers ramp up inventory for a fast-approaching holiday shopping season, experts worry that an already overextended domestic supply chain will be further tested amid overseas ports’ struggles with the COVID-19 delta variant, rising shipping prices and trucking’s persistent and growing driver shortage.

August 19, 2021
BusinessEquipmentBreaking News

July Class 8 Sales Are Second-Lowest of 2021

Class 8 retail sales in July neared 17,000 and improved 16.3% compared with a year earlier, but landed at the year’s second-lowest level, WardsAuto .com reported.

August 19, 2021