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.
NHTSA Warned Tesla Months Before Self-Driving Probe
In a May 15 email sent to Tesla representatives, an NHTSA official flagged seven social media posts that gave the agency pause.
FRA Awards $96.5M to Hydrogen Rail Projects in Three States
Under terms of the grant program, FRA will pay no more than 80% of a project’s cost, with a minimum 20% match that can include in-kind contributions.
Toyota Criticizes US Push for Rapid EV Adoption
“The whole EV ecosystem is ahead of the consumer,” Toyota North America COO Jack Hollis said, pointing to tailpipe emission rules from the EPA and California.
Trump’s Win Sets Off Race to Complete Chip Subsidy Deals
The Biden administration is racing to complete CHIPS Act agreements, aiming to shore up one of its signature initiatives before President-elect Donald Trump enters the White House.
Pair Charged With Smuggling Truck Emission Override Systems
A father and son have been accused of conspiring to smuggle illegal devices to override emission controls on trucks into Central Washington and selling them online for $74 million.
TxDOT Campaign to End Traffic Deaths Focuses on Permian Basin
ODESSA — The Texas Department of Transportation announced a statewide public campaign to end fatalities on Texas roadways.
Port of Houston Gets $3M EPA Grant for Climate Planning
The Port of Houston Authority received a $3 million grant through the EPA’s Clean Ports program as part of President Joe Biden and Vice President Kamala Harris’ Investing in America agenda.
Tesla Cybertruck Leases Start at $999 a Month
Tesla Inc. is now offering the option to lease its polarizing Cybertruck, with prices starting at $999 a month.
Geely Seeks 2 Billion-Euro Loan to Refinance Volvo Truck Deal
Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related to its acquisition of a stake in Volvo AB in 2018, according to people familiar with the matter.
Public-Private Partnerships Propel Hydrogen Infrastructure
With help from the U.S. Department of Energy, the hydrogen industry and truck makers are working to develop a hydrogen refueling infrastructure that can support fleet operations.