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.
Samsara Unveils AI Products to Predict, Prevent Accidents
Samsara, a fleet management software company, unveiled a suite of safety features that uses artificial intelligence to help prevent accidents, the company announced July 1.
TuSimple Partners With Major Fleets to Launch Autonomous Freight Network
Self-driving truck developer TuSimple has partnered with four major transportation companies to launch a logistics network for its highly automated trucks, marking a new phase in its push to bring its technology to market in the coming years.
Waymo Targets Southwest Freight Corridor for Autonomous Truck Tests
As it moves forward with autonomous truck development, Waymo plans to focus its 2020 testing efforts on the southwest shipping corridor that includes Texas, New Mexico, Arizona and California.
Workhorse Valued at $1 Billion
Shares of Workhorse Group Inc., a maker of electric delivery vehicles, are surging as investors bet the Trump administration will want the company and a fellow Ohio-based affiliate to succeed.
Hyliion Electrified Powertrain Underscores Larger Transition in Industry
Hyliion Inc.’s Class 8 long-range electric powertrain underscores the transition period of multiple alternative powertrains is at hand. And the powertrain, whose batteries are charged by an undersized natural gas engine, could prove to be an important step toward carbon-free over-the-road transportation, experts said.
Tests Show Cylinder Deactivation Improves Next-Gen Engines, Jacobs Says
Jacobs Vehicle Systems’ cylinder deactivation technology delivered a “host of performance-enhancing benefits” in a recent independent validation, the company announced, including raising exhaust temperature and improving fuel consumption.
June 30, 2020Mark-It Express Acquires Sava Transportation
Mark-It Express Logistics took another step in its expansion plans by acquiring the operating assets of Sava Transportation, the company announced June 30. Terms were not disclosed.
EPW Chairman John Barrasso: Dems’ Infrastructure Bill a ‘Road to Nowhere’
House Democrats’ $1.5 trillion infrastructure proposal that has reached the floor of the chamber drew criticism from the top Republican on the Senate’s highway policy panel.
Saudi Oil Cuts Take Seven Supertankers a Day Off the Market
Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.
US Consumer Confidence Posts Biggest Increase Since Late 2011
U.S. consumer confidence rose in June by more than forecast as optimism increased amid business reopenings, though sentiment remained well below pre-pandemic levels.