Trucking Business News

About Business News...

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.

GovernmentBusinessTechnology

House OKs $1.5 Trillion Infrastructure Plan That Impacts HOS, Insurance

WASHINGTON — The Democratic-controlled House approved a $1.5 trillion plan July 1 to rebuild the nation’s crumbling infrastructure, pouring hundreds of billions of dollars into projects to fix roads and bridges, while also delaying implementation of hours-of-service revisions and increasing liability insurance minimums.

July 1, 2020
GovernmentBusinessSafety

Is Density Related to COVID-19 Infection Rates? These Experts Say No

Density is not related to confirmed COVID-19 infection rates, according to a study from a team of public health and planning experts.

July 1, 2020
BusinessEquipmentSafety

Cargo Theft Likely to Increase Over July Fourth Holiday, Report Says

Though cargo theft is a year-round problem for trucking, it is more of a concern around the July Fourth holiday, according to a report by CargoNet.

July 1, 2020
Business

Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring

Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic.

July 1, 2020
BusinessEquipmentLogistics

Manufacturing Bounces Back in June on Reopenings

U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic.

July 1, 2020
GovernmentBusinessTechnologyFuel

Will CARB, EPA ‘Harmonize’ Their NOx Standards?

California regulators already have issued a proposal aimed at lowering oxides of nitrogen and particulate matter emissions for new trucks built beginning in 2024, but federal regulators are still working to craft a separate nationwide low-NOx and PM proposal scheduled to take effect in 2027.

July 1, 2020
GovernmentBusinessEquipmentSafetyFuel

House Climate Change Plan Tackles Heavy-Duty Equipment at Ports

House Democrats say Congress should increase funding for programs at EPA and the Department of Energy to reduce emissions from equipment at ports.

July 1, 2020
BusinessLogistics

Commodity Freighters Are Shrugging Off COVID-19 — For Now

The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question.

July 1, 2020
GovernmentBusinessFuelLogistics

OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand

OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again.

July 1, 2020
GovernmentBusiness

Safety Groups, Teamsters Petition FMCSA to Reconsider HOS Final Rule

A group of safety organizations and the International Brotherhood of Teamsters have filed a petition for the Federal Motor Carrier Safety Administration to reconsider the final rule on changes to hours-of-service regulations soon to take effect.

July 1, 2020