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.

GovernmentBusiness

Stakeholders to White House: Extend ‘Buy America’ Rules Waiver

Nearly 50 transportation groups are asking the Biden administration to extend a waiver for certain requirements for products and materials associated with infrastructure construction projects.

July 6, 2022
GovernmentBusinessTechnologySafetyAutonomous

The Next Frontier for Drones: Out of Sight

REMINGTON, Va. — For years, there’s been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it’s a good idea — it’s also the law.

July 6, 2022
BusinessFuelLogistics

ATA’s Costello Puts Chances of a Recession in 2023 at 50-50

Economic conditions in the country and in trucking remain relatively strong, but American Trucking Associations Chief Economist Bob Costello said he has concerns about early 2023 and puts the chance of a recession in the first quarter of the year at 50-50.

July 6, 2022
GovernmentBusinessLogistics

West Coast Dockworkers Still Talking After Contract Expired

LOS ANGELES — A contract between shipping companies and 22,000 West Coast dockworkers expired over the weekend. But both sides continued to talk and said they want to avoid a strike that could savage an economy already stressed by soaring inflation and supply chain woes.

July 6, 2022
GovernmentBusinessTechnologySafety

States Adopt Digital License Plates for CMVs

Digital license plates are a reality for heavy trucks in California and Arizona as Texas becomes the latest to adopt this innovative technology, but only for some commercial vehicle fleets.

July 6, 2022
BusinessTechnologyLogisticsPrivate

Amazon Will Take Stake in Grubhub, Offer Prime Users Membership

Just Eat Takeaway.com NV’s shares jumped the most in almost four years after Amazon.com Inc. agreed to take a stake in its Grubhub business.

July 6, 2022
BusinessLogisticsPrivate

Walmart Announces New Charges for Suppliers

Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs.

July 6, 2022
GovernmentBusinessTechnologyEquipmentSafety

NHTSA Announces Canadian Rear Underride Guard Standard for US

The National Highway Traffic Safety Administration has finalized a rulemaking that updates two truck rear underride guard standards it said will improve protection for drivers and passengers in light vehicles in the event of a rear underride crash.

July 6, 2022
GovernmentBusinessTechnologyEquipment

US Wants Dutch Supplier to Stop Selling Chipmaking Gear to China

The U.S. is pushing the Netherlands to ban ASML Holding NV from selling to China mainstream technology essential in making a large chunk of the world’s chips, expanding its campaign to curb the country’s rise, according to people familiar with the matter.

July 5, 2022
GovernmentBusinessFuel

WTI Oil Drops Below $100 as Recession Fears Overwhelm Markets

West Texas Intermediate crude futures dropped below $100 a barrel for the first time since May 11 as concerns grow that a global economic slowdown will ultimately hobble demand.

July 5, 2022