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.
Electric-Vehicle Charging Startup Amply Power Secures $13.2 Million
Startup Amply Power has raised $13.2 million from investors including Soros Fund Management to advance the company’s electric-vehicle charging service for commercial fleets.
Yokohama, Continental Resume Tire Production
Two tire manufacturers that had suspended production due to the COVID-19 crisis have restarted their factories.
Oil Swings After Major Index Bails Out of June Contract
Oil resumed losses after a brief bounce higher amid the aftershocks of a major index tracked by billions of dollars in funds exiting near-term contracts for fear prices may turn negative again.
China Merchants Group Explores Taking $4 Billion Port Unit Private
China Merchants Group Ltd. is exploring taking China Merchants Port Holdings Co. private after shares of the state-owned conglomerate’s unit slid in Hong Kong this year, according to people with knowledge of the matter.
April 28, 2020CARB Approves Amendments to Reduce NOx Emissions in B20 Biofuels
The California Air Resources Board has conditionally approved a slate of regulatory amendments intended to more closely monitor the additives blended into B20 biodiesel that so far have not been deemed effective at mitigating oxides of nitrogen in the alternative diesel fuel.
Caterpillar Sees Virus Pain Intensifying After Profit Trails
The world’s biggest maker of mining and construction equipment is predicting that the pain from the coronavirus crisis is far from over.
Efforts to Prevent Clogged Diesel Particulate Filters Include Low-Ash Engine Oil, Ensuring Fuel Quality
As engine oil suppliers develop new formulations to protect diesel engines and enhance their efficiency, some are paying particularly close attention to the performance of exhaust aftertreatment systems.
Average Diesel Price Falls 4.3¢ to $2.437 a Gallon
The nationwide average price of diesel fuel continued its fall this past week, declining 4.3 cents per gallon.
Tesla Rolls Out Feature Designed to Detect Stop Signs, Traffic Lights
After testing on public roads, Tesla is rolling out a new feature of its partially automated driving system designed to spot stop signs and traffic signals.
FMCSA Proposes to Plug ‘Information Gap’ in Drug and Alcohol Clearinghouse Rule
The Federal Motor Carrier Safety Administration has issued a proposed rule that would plug an existing “information gap” to ensure that state driver licensing agencies are prohibited from issuing, renewing, upgrading or transferring a commercial driver license or learner permit to truck drivers with drug and alcohol violations.