Business

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.

Government, Business

Idaho Transportation Department Collects Comments on Truck-Weight Issue

The Idaho Transportation Department is accepting public comments on applications to allow trucks weighing up to 129,000 pounds to travel on segments of three routes.

Eleanor Lamb | Staff Reporter
October 19, 2020
Government, Business

Pelosi, Mnuchin to Talk Fiscal Stimulus Again

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will hold a call the afternoon of Oct. 19 on a fiscal-stimulus package, a day before Pelosi’s deadline for a pre-election package expires.

Billy House | Bloomberg News
October 19, 2020
Government, Business, Technology, Equipment, Fuel

VTNA Awarded $21.7 Million in Grants to Deploy Electric Trucks

VTNA said it was awarded $21.7 million in federal and state grants to deploy 70 VNR Electric trucks in Southern California for regional freight distribution and drayage.

October 19, 2020
Government, Business, Safety

American to Debut 737 Max on Miami-NYC Flight in December

American Airlines Group Inc. plans to make Boeing Co. 737 Max passenger flights at the end of this year for the first time since the aircraft’s grounding in March 2019.

Mary Schlangenstein | Bloomberg News
October 19, 2020
Business, Fuel

World’s Biggest Fracker Halliburton Sees Signs of Rebirth as Slump Ebbs

Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers.

David Wethe | Bloomberg News
October 19, 2020
Business, Technology, Fuel, Autonomous

Tesla to Start Exporting China-Made Model 3 Cars to Europe

Tesla Inc. will start exporting Model 3 cars made at its gigafactory on the outskirts of Shanghai to Europe later this month, the automaker said in a statement sent via WeChat.

October 19, 2020
Government, Business, Safety

FMCSA Denies ELD Exemption for Drivers Traveling With Pets

Can truck drivers use paper logs if Fido rides shotgun? No way, federal trucking regulators say.

Eric Miller | Senior Reporter
October 19, 2020
Business, Technology, Fuel

Lightning Systems to Supply Fluid Truck With Electric Rental Trucks

Lightning Systems, a provider of complete electrification solutions for urban commercial fleets, announced that Fluid Truck placed an order for 600 Lightning electric vehicles that will be made available starting in the fourth quarter.

October 16, 2020
Business, Technology

Proterra Gets $200 Million From Private Equity Firms

Proterra, whose focus is on heavy-duty electric transportation especially for buses, announced a $200 million investment led by Cowen Sustainable Advisors along with supporting investments from Soros Fund Management, Generation Investment Management and Broadscale Group.

October 16, 2020
Business, Logistics

KC Southern Reports Mixed Earnings Amid COVID-19, Gulf Hurricanes

The leadership of Kansas City Southern Railroad said on Oct. 16 the Class I railroad saw a 5.3% increase in third-quarter net income to $189.7 million, or $2.01 a diluted share, compared with $180.1 million, or $1.81, in the same period a year ago.

Dan Ronan | Senior Reporter
October 16, 2020