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 Removes Canada Aluminum Tariffs Amid Retaliation Threat
The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.
September 15, 2020Nikola Photo Gallery
Nikola Corp. is showcasing its innovations and detailing how it plans to get its clean-powered trucks to market. Here are photos of Nikola trucks.
September 15, 2020WTO: US Tariffs on China Are Illegal
A World Trade Organization panel ruled Sept. 15 that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO’s ability to hand down a final, binding verdict.
Amazon Looks to Use More Contractors for Grocery Delivery
Amazon .com Inc. is experimenting with a new program that pays independent contractors to fetch groceries from shelves in Whole Foods stores and deliver them in their own vehicles.
Industrial Production Growth Slows, Up 0.4% in August
U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounceback recorded in previous months when factories were coming back to life.
COVID-19 Pandemic Stalls Replacement Cycles
Motor carriers paused their replacement cycles during the early days of the COVID-19 pandemic, but most dealers, fleets and analysts said the industry merely delayed making purchases for a few months, and they don’t expect long-term changes.
National Average Price of Diesel Sheds 1.3¢ in Second Consecutive Decline
The national average price of diesel dropped 1.3 cents a gallon to $2.422, the Energy Information Administration reported Sept. 14. Diesel costs 56.5 cents a gallon less than it did a year ago after the second straight weekly drop.
Daimler AG to Pay $1.5 Billion to Settle Emissions Cheating Probes
Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Sept. 14.
House Aims to Pass Stopgap Government-Funding Bill Week of Sept. 21
The House is aiming to vote the week of Sept. 21 on a stopgap spending bill to keep the government open when the fiscal year ends Oct. 1, Majority Leader Steny Hoyer said.
Nikola Issues Fuller Denial of Short Seller Hindenburg’s Claims
Nikola Corp. made a fuller-throated denial of a report last week that claimed the electric-truck maker had deceived investors, accusing a short seller of mischaracterizations and distortions.