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, 2020Trucking 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.
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, 2020Safety 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, 2020ASCE Report: COVID-19 Compounds Infrastructure Woes
The COVID-19 pandemic is negatively impacting the nation’s already blighted infrastructure sectors, according to a recent status report from the American Society of Civil Engineers.
July 1, 2020Report: Boeing Fell Short in Disclosing Key Changes to Max
A government report says Boeing did not give regulators documents about changes it made in a key system blamed in two deadly crashes of its 737 Max jet, and that officials responsible for approving the plane did not know how powerfully the system could push the plane’s nose down.
July 1, 2020Tesla China Plant Might Have Come to the Rescue Last Quarter
Tesla Inc. endured a roughly seven-week shutdown of its most important car plant in the world last quarter, but its brand-new backup factory may have saved the day.
July 1, 2020Samsara Unveils AI Products to Predict, Prevent Accidents
Samsara, a fleet management software company, unveiled a suite of safety features that uses artificial intelligence to help prevent accidents, the company announced July 1.
July 1, 2020TuSimple Partners With Major Fleets to Launch Autonomous Freight Network
Self-driving truck developer TuSimple has partnered with four major transportation companies to launch a logistics network for its highly automated trucks, marking a new phase in its push to bring its technology to market in the coming years.
July 1, 2020Waymo Targets Southwest Freight Corridor for Autonomous Truck Tests
As it moves forward with autonomous truck development, Waymo plans to focus its 2020 testing efforts on the southwest shipping corridor that includes Texas, New Mexico, Arizona and California.
June 30, 2020