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.
Appeals Court Upholds Trump’s 25% Steel Import Tariffs
President Donald Trump acted within his authority when he imposed a 25% tariff on certain steel imports effective March 2018, a U.S. appeals court ruled Feb. 28.
Deutsche Post Scraps Its Electric Delivery Van Built With Ford
Deutsche Post AG will stop producing its electric delivery vehicle called StreetScooter, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen AG and Daimler AG.
Geneva Auto Show Canceled as Switzerland Bans Large Events
GENEVA — The Geneva auto show was canceled after the Swiss government put an immediate ban Feb. 28 on all public and private events involving more than 1,000 people in order to halt the spread of the new coronavirus.
Consumer Spending Slowed in January While Incomes Jumped
WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.
Einride to Hire Autonomous Truck Operators in Sweden, US
Swedish technology company Einride on Feb. 27 announced plans to hire two autonomous truck operators over the next year.
Walmart Developing a Membership Program to Rival Amazon Prime
Walmart, the world’s largest retailer, is developing a paid membership program to challenge internet giant Amazon Prime's offering. It will be called Walmart+.
E-Smart Adds Features to Active Speed-Management System
ATLANTA — E-Smart is expanding the fleet-management capabilities available for its intelligent speed-management system as the business moves forward as a stand-alone company.
California OKs Passengers for GM’s Cruise Autonomous Vehicle Test
Cruise, the autonomous-vehicle unit of General Motors Co., has been cleared to carry passengers in California.
TMC Presents Awards to Industry Leaders at Annual Meeting
ATLANTA — The Technology & Maintenance Council of American Trucking Associations recognized several industry leaders and professionals with awards for their service on Feb. 26 during the council’s 2020 annual meeting.
Connected Vehicle Experts Discuss OEM Role, Safety
ATLANTA — Original equipment manufacturers have an important role to play in the adoption of connected vehicle technology, according to Chris Lee, vice president of engineering at Great Dane Trailers.