Before the August recess, congressional leaders intend to finalize supply chain-centric legislation as senators prepare to vote on nominees for senior roles at the U.S. Department of Transportation.
July 7, 2022Trucking 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.
California’s AB 5 Goes Into Effect, Leaves Questions for Carriers, Owner-Operators
Now that the U.S. Supreme Court has declined to review a challenge to a controversial California law aimed at reclassifying owner-operators as motor carrier employees, carriers and independent contractors could soon be thrust into an uncertain business environment.
July 7, 2022Spot Market Decline Accelerates as Demand Softens
Trucking’s spot market is experiencing an accelerating decline as pre-pandemic conditions re-emerge.
July 7, 2022Louisiana Starts Pilot With Two-Container Trucks at Ports
Louisiana is working out details in a new experiment enabling trucks to carry two 20-foot containers in tandem to and from its ports to alleviate supply chain issues exacerbated by congestion and driver shortages.
July 7, 2022Shell Sees $1 Billion Gain in Refining on Record Fuel Prices
Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries.
July 7, 2022Trade Gap in Goods, Services Narrows to Smallest This Year
The U.S. trade deficit shrunk in May to the lowest level of the year, reflecting a pickup in exports of goods and services.
July 7, 2022Clarience Technologies Acquires P.S.I.
The deal for the provider of automatic tire inflation systems extends Clarience's string of recent acquisitions.
July 6, 2022Stakeholders 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, 2022The 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, 2022ATA’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, 2022Trending
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