COLUMBUS, Ohio — The Biden administration continues to prioritize efforts to expand access to parking for the nation’s truck drivers, the head of FMCSA said Aug. 16.
August 23, 2023Trucking 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.
FMCSA Highlights Truck Parking, Safety at NTDC
Mullen Launches Production of Class 3 EV Truck
Mullen Automotive says its first Mullen Three, a Class 3 commercial electric truck, has rolled off the assembly line at the company’s plant in Tunica, Miss.
August 23, 2023Biden’s Visit to Hawaii Coincides With More Federal Relief
President Joe Biden’s visit Aug. 21 to Maui was bolstered by a $3 million Federal Highway Administration emergency grant and tax relief for people and businesses impacted by the wildfires.
August 23, 2023Private Equity Firm H.I.G. Buys 3PL Ascent Global Logistics
A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22.
August 23, 2023Werner Appeals Crash Verdict to Texas Supreme Court
Werner Enterprises has filed an appeal with the Texas Supreme Court of a $100 million jury lower court verdict in a 2014 fatal crash that was upheld by a state appeals court earlier this year.
August 23, 2023Advance Auto Names New CEO Shane O’Kelly
Advance Auto Parts Inc. named a new CEO and started a strategic review of the business as it struggles to keep up with inflation.
August 23, 2023Two Tankers Collide in Egypt’s Suez Canal
CAIRO — Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, briefly disrupting traffic through the global waterway, Egyptian authorities said Aug. 23.
August 23, 2023UPS Workers Approve New Union Contract
The 340,000 employees of UPS Inc. represented by the International Brotherhood of Teamsters have approved a new five-year labor pact with the company.
August 22, 2023Volvo Offers Fleets a Leg Up on Charging Infrastructure
Volvo Trucks North America launched a program Aug. 22 it believes will smooth fleet owners’ road to the installation of electric truck charging infrastructure.
August 22, 2023Truck Tonnage Dips 3% Year-Over-Year in July
Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.
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