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.
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, 2020Diesel 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.
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, 2020Pelosi 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.
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.
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.
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.
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, 2020DeJoy 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.
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.