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, Safety

US Lawmakers Propose Tighter Rules for New Airplanes

Lawmakers who criticized regulators over the way they approved the Boeing 737 Max will propose changing the way that the Federal Aviation Administration certifies new plane designs and uses private-sector employees to perform safety analysis.

September 29, 2020
Government, Business, Fuel

Diesel Falls 1¢ to $2.394 in Fourth Consecutive Decline

The nationwide average price of diesel fuel fell by 1 cent, according to the U.S. Energy Information Administration’s report released Sept. 28.

Connor D. Wolf | Staff Reporter
September 28, 2020
Business, Technology, Autonomous

Uber Weighs Purchase of BMW-Daimler Ride-Hailing Venture

Uber Technologies Inc. is considering a purchase of Daimler AG and BMW AG’s ride-hailing joint venture Free Now, a deal that could boost its market share in Europe and Latin America, people with knowledge of the matter said.

September 28, 2020
Government, Business

Pelosi Says White House Has to Offer More on Stimulus

House Speaker Nancy Pelosi said the White House will have to agree to “much more” spending for a fresh round of stimulus if there is any hope of striking a deal before the election.

Billy House | Bloomberg News
September 28, 2020
Government, Business, Technology, Equipment, Fuel, TCA

Trump Shows Off Lordstown Motors’ Endurance Electric Pickup Truck

WASHINGTON — The day before traveling to Cleveland for his first presidential debate with Democratic nominee Joe Biden, President Donald Trump inspected the new Endurance electric pickup truck from Ohio’s Lordstown Motors outside the White House, claiming success for boosting the region’s economy after General Motors shuttered its plant that made the Chevrolet Cruze.

Sabrina Eaton | cleveland.com
September 28, 2020
Government, Business, Logistics

US Judge Orders Stop to USPS Cuts, Echoing Others

A federal judge in Philadelphia joined others Sept. 28 in ordering a halt to recent Postal Service cuts that critics say are causing mail delays and threatening the integrity of the presidential election.

Maryclaire Dale | Associated Press
September 28, 2020
Government, Business, Technology, Autonomous

Rep. Bob Latta Introduces Self-Driving Vehicle Legislation

The introduction of the Safely Ensuring Lives Future Deployment and Research in Vehicle Evolution, or SELF DRIVE, Act, by Rep. Bob Latta (R-Ohio), aims to enhance the National Highway Traffic Safety Administration’s overview of autonomous vehicles.

Eugene Mulero | Senior Reporter
September 28, 2020
Government, Business, Technology, Fuel

Electrifying California Cars Could Crush the Grid, or Save It

Electrifying all new cars in California could be an immense burden on the state’s struggling power grid — or a whole new line of defense against blackouts.

September 28, 2020
Government, Business, Logistics

DeJoy Says Postal Workers Could Abuse Election Overtime Order

Postmaster General Louis DeJoy told a judge that a court order directing the U.S. Postal Service to reinstate overtime to ensure speedy delivery of mail-in ballots for the Nov. 3 election could be abused by workers.

Erik Larson | Bloomberg News
September 28, 2020
Government, Business

Nevada DOT Awards $25.8 Million Contract for Las Vegas Road Project

The Nevada Department of Transportation has awarded a $25.8 million contract to Las Vegas Paving Corp. to rehabilitate an aging portion of state Route 612.

Eleanor Lamb | Staff Reporter
September 28, 2020