Business

About Business News...

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.

Government, Business, Technology, Equipment, Safety, Autonomous

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.

Keith Laing | Bloomberg News
November 8, 2024
Business, Technology, Equipment, Fuel, Logistics

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.

Noël Fletcher | Staff Reporter
November 8, 2024
Government, Business, Technology, Equipment, Fuel

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.

Chester Dawson | Bloomberg News
November 8, 2024
Government, Business, Technology

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.

Mackenzie Hawkins | Bloomberg News
November 8, 2024
Government, Business, Technology, Equipment, TCA

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.

Annette Cary | Tri-City Herald (Kennewick, Wash.)
November 8, 2024
Government, Business, Safety, Fuel, TCA

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.

B. Kay Richter | Midland Reporter-Telegram, Texas
November 8, 2024
Government, Business, Logistics, TCA

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.

Tanya Babbar | Houston Chronicle
November 8, 2024
Business, Technology

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.

Craig Trudell | Bloomberg News
November 8, 2024
Business, Technology, Equipment

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.

Apple Ka Ying Li | Bloomberg News
November 8, 2024
Government, Business, Technology, Fuel

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.

Stephen Bennett | Special to Transport Topics
November 8, 2024