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.
Mack, VTNA Extend Respective Uptime Services Support at No Cost
Volvo Group’s commercial truck brands Mack Trucks and Volvo Trucks North America separately announced they extended their uptime services support bundle at no cost through the end of the year, or a minimum of three months, whichever is longer.
July 10, 2020Chevron, Clean Energy Partner on Adopt-a-Port Initiative to Reduce Emissions
Chevron Corp. announced it is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with carbon-negative renewable natural gas to reduce emissions.
July 10, 2020EV Maker Rivian Raises $2.5 Billion in New Funding Round
Rivian Automotive Inc., the electric truck startup already backed by Amazon.com Inc. and Ford Motor Co., raised $2.5 billion in new funding from a group of investors led by T. Rowe Price Associates Inc.
Dana Introduces New Drive Technologies
Dana Inc. announced new drive technologies for material-handling vehicles, including a low-voltage, high-efficiency motor for electric-powered applications.
July 10, 2020Oil Refineries in Texas Grapple With COVID-19 Outbreaks
Oil refineries aren’t being spared as COVID-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily.
Volkswagen Risks Diesel Claims Across EU After Court Ruling
Volkswagen AG vehicle owners can sue the carmaker over diesel-emission manipulation anywhere in the European Union, the bloc’s top court said in its first ruling on the scandal.
Wisconsin Officials Announce $160M in Aid for Local Governments
More than $160 million in transportation aid will be directed to local government agencies in Wisconsin, state officials recently announced.
Consumer Brands Spearheads Contactless Delivery Task Force
A task force was launched to develop standards for reducing human contact when moving freight from Class 8 vehicles to last-mile drop-offs.
Amazon Aviation Fuel Deal Adds to Demand for Lower-Emissions Alternatives
Amazon.com Inc. will buy an aviation fuel blend made from used fats, oils and greases over the next 12 months as it searches for ways to reduce the greenhouse gas emissions of its growing air cargo operations.
FHWA Awards $15.1 Million for Alternative Funding Pilot Projects
The Federal Highway Administration awarded $15.1 million in Surface Transportation System Funding Alternatives grants July 9.