Business
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.
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.
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.
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, 2020American 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.
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.
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, 2020FMCSA Denies ELD Exemption for Drivers Traveling With Pets
Can truck drivers use paper logs if Fido rides shotgun? No way, federal trucking regulators say.
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, 2020Proterra 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, 2020KC 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.