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.

BusinessTechnologySafetyLogistics

Amazon Deploys Social Distancing Software at US Warehouses

Amazon.com Inc. is deploying software in its warehouses to automatically warn employees when they are too close to colleagues, the latest effort by the retailer to adjust its facilities to life with the coronavirus.

June 16, 2020
GovernmentBusiness

Nation’s Ports Post Drop in May Cargo

Container volumes in May were down at most of the nation’s major seaports as the facilities struggled with the deepening U.S. recession and the slowdown of Asian and European economies at the start of the coronavirus outbreak earlier this year.

June 16, 2020
GovernmentBusinessEquipment

Volvo Announces Plan to Cut 4,100 From Workforce

Volvo Group will reduce its white-collar workforce by 4,100 starting in the second half of the year as it confronts lower demand during the novel coronavirus pandemic.

June 16, 2020
GovernmentBusinessFuel

OPEC Quota-Busters Start to Toe Line in June

Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one.

June 16, 2020
GovernmentBusiness

DOD Pulls Back $20 Billion Contract for Military Family Moves

Military officials have pulled back a sweeping multibillion-dollar contract intended to address military families’ long-standing problems with delays and damaged goods during their roughly 400,000 annual moves to assignments around the globe.

June 16, 2020
GovernmentBusinessSafety

Iowa Transportation Commission Approves Five-Year Plan

The Iowa Transportation Commission recently approved the state’s transportation improvement program.

June 16, 2020
BusinessSafetyPerspective

Perspective: Workers’ Comp in the COVID-19 Era

Trucking companies that were handling workers’ compensation claims before the coronavirus pandemic may find resolution of these claims stalled for reasons that have nothing to do with the worker’s injury, says Lori Ilgenfritz of Gallagher Bassett.

June 16, 2020
BusinessEquipment

PacLease Celebrates 40 Years in Business

PacLease, a full-service truck rental and leasing company, reached the milestones of 40 years in business and 40,000 trucks being used.

June 16, 2020
GovernmentBusiness

Powell Warns That Long Downturn Would Mean Severe Damage

Federal Reserve Chairman Jerome Powell said the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery.

June 16, 2020
BusinessEquipment

Northwest Equipment Sales Adds First Washington State Location

Northwest Equipment Sales has opened a dealership in Burbank, Wash., that offers brands from Mack Trucks and Volvo Trucks North America.

June 16, 2020