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.
Diesel Drops to $2.387 for Fifth Consecutive Decline
The average price of diesel dropped seven-tenths of a cent to $2.387 a gallon, declining for the fifth consecutive week, the Energy Information Administration reported Oct 5.
DTNA Recalls Trucks Over Brake Light Issue
Daimler Trucks North America announced it is recalling certain 2017-2021 Class 8 Cascadia P4 vehicles due to possible brake light issues.
October 5, 2020Hino Trucks, Toyota Group to Develop Class 8 Fuel Cell Truck
Hino Trucks and Toyota Motor North America agreed to develop a zero-emission Class 8 fuel cell electric truck for the North American market.
October 5, 2020Extension Shoves Hot Infrastructure Issue to Back Burner
Infrastructure policy discussions are not front and center at the White House, and the recent enactment of a yearlong extension of the country’s premier highway policy law assures that there won't be substantial talks about transportation anytime soon. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
Stimulus Talks Grind On; No Deal Yet Despite Trump Urging
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin engaged in another round of stimulus talks Oct. 5 with no sign they are close to deal, despite the urging of President Donald Trump to get it done.
Port of Rotterdam Pilot Uses AI Microgrid to Trade Renewables
The Port of Rotterdam is testing technology to manage and trade renewable energy consumption, finding the effort has already made a significant cost savings.
Most US Oil Job Losses in Pandemic to Remain, Report Says
Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte.
Q and A With Hyliion CEO Thomas Healy: ‘We Were Fortunate on Timing’
Thomas Healy was secretly arranging a deal to turn his Texas-based truck electrification startup into a publicly traded company when the coronavirus pandemic struck.
September Class 8 Orders Clear 31,000 for Best Showing Since October 2018
North American Class 8 orders in September rocketed to the highest point since late 2018, surpassing 31,000 and climbing well beyond replacement levels, ACT Research reported, citing preliminary OEM data.
Tropical Storm Delta Forecast to Become Hurricane, Hit Louisiana
Tropical Storm Delta is forecast to become a hurricane in the Gulf of Mexico later in the week of Oct. 5, clipping western Cuba and becoming the record 10th storm to hit the U.S. when it makes landfall between Louisiana and Florida by Oct. 9.