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.
Carriers Face August Deadline to Identify Specific Chinese Tech
American Trucking Associations and a U.S. Chamber of Commerce-led coalition are sounding the alarm over a provision tucked into the more than 700-page 2019 Defense Authorization Act that requires federal government contractors to by mid-August rid their companies of prohibited components manufactured by five Chinese companies.
VTNA Deploys First Electric Class 8 at SoCal Dealership
Volvo Trucks North America has deployed its first pilot VNR Electric Class 8 vehicle in Southern California at its TEC Equipment dealership in Fontana.
US Borders With Mexico, Canada to Stay Closed, Except for Essential Traffic
Officials in Washington, Ottawa and Mexico City say the border closings to nonessential travel between the U.S. and its northern and southern neighbors will remain in place for at least another month. The borders have been closed to slow the spread of the coronavirus.
More Federal Funds Needed for Agencies, Experts Say
More funds are needed to help transportation groups and transit agencies navigate COVID-19 pandemic recovery, according to experts.
Hertz Halts Plan to Sell ‘Worthless’ Stock on SEC Scrutiny
Hertz suspended plans to raise cash by selling new shares that the bankrupt car renter described as potentially “worthless” after its proposal failed to pass muster with regulators.
TT Wins Five ASBPE Regional Awards
Transport Topics has won five “Azbee” awards from the American Society of Business Publication Editors in the Mid-Atlantic region, including gold awards in three categories.
June 17, 2020China’s Meat Testing Threatens to Derail US Pork Exports
China’s move to test imported meat for the novel coronavirus is threatening to derail trade with the world’s largest pork consumer, hurting American farmers who had seen shipments boom.
Volkswagen, Battery Firm Eye Pilot Plant for Electric SUV Production
Volkswagen has boosted its stake by $200 million in a San Jose, Calif., company that targets solid state battery technology, and the two partners are looking at setting up a pilot plant.
Senator Slams FAA’s ‘Deliberate’ Attempt to Stymie 737 Max Probe
A Senate committee chairman sharply criticized the Federal Aviation Administration on June 17 for what he alleged were repeated failures to respond to a committee’s investigation into two crashes of Boeing Co.’s 737 Max.
Uber to Sell Software, Starting With Four-Van Transit Service
Uber Technologies Inc. is getting into software. The company is making the technology that powers its ride-hailing business available to others, starting with public transit agencies.