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.

GovernmentBusinessBreaking News

Department of Labor Issues Final Rule on Independent Contractor Status

The U.S. Department of Labor on Jan. 6 issued a final rule revising its interpretation of independent contractor status under the Fair Labor Standards Act that it said will “promote certainty for stakeholders, reduce litigation and encourage innovation in the economy.”

January 6, 2021
GovernmentBusinessFuel

For First Time in Five Years, US Gas Mileage Down, Emissions Up

A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years.

January 6, 2021
BusinessLogisticsTop 50

Amware CEO Outlines Moulton Logistics Acquisition

Amware Fulfillment CEO Harry Drajpuch detailed Jan. 5 how the recent acquisition of Moulton Logistics helps bolster ongoing growth strategies.

January 6, 2021
GovernmentBusinessFuelLogistics

US Imports No Saudi Crude Oil for First Time in 35 Years

The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.

January 6, 2021
GovernmentBusinessSafety

Maine Lawmakers Petition FMCSA Regarding Lobster Transport

In an effort to ease the commercial transport of lobster, a group of Maine lawmakers submitted a request to federal government officials asking to clarify the definition of “livestock” in a recently issued interim final rule.

January 6, 2021
BusinessTechnologyAutonomous

Autonomous Startup Used by Mining Trucks Raises $47 Million

Oxbotica, a U.K. company that makes software for running autonomous vehicles, has raised $47 million in a fresh funding round that will go toward developing and deploying its products.

January 6, 2021
BusinessLogisticsTop 50

Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet

A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.

January 6, 2021
GovernmentBusinessTechnologySafety

Industry Comments Support FHWA Proposal on Infrastructure Design Standards

Public comments submitted to the Federal Highway Administration regarding a recent proposal that would allow more flexibility with design standards when repairing highways and interstates reflect an overwhelming show of support from industry groups and transportation agencies.

January 6, 2021
BusinessTechnologyEquipmentSafety

Clarience Technologies Acquires Ecco Safety Group

Clarience Technologies announced it acquired Ecco Safety Group, which has nearly 50 years of experience in research, design, development, manufacturing and distribution of emergency lighting and audible warning equipment for commercial and emergency vehicles for global markets.

January 6, 2021
BusinessTop 100

Bison Transport Sold to Canada’s James Richardson & Sons

Bison Transport Inc., one of North America’s largest diversified fleets that has been in an expansion mode over the past few years, announced it was acquired by privately held James Richardson & Sons for an undisclosed amount, effective Jan. 1.

January 5, 2021