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.
Chinese Firms Eye Morocco to Cash In on US EV Subsidies
TANGIERS, Morocco — After the U.S. passed subsidies designed to boost domestic EV production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in Morocco.
US New Vehicle Sales Rise Year-Over-Year in Q2 — Barely
U.S. new-vehicle sales rose only slightly in the second quarter despite larger discounts and slightly lower prices.
Kentucky College Offering Evening CDL Classes to Meet Demand
Kentucky’s Gateway Community & Technical College is offering its first commercial driver license evening classes to help meet demand for new truck drivers in the state.
Biden Proposes Rule to Protect Workers From Extreme Heat
WASHINGTON — President Joe Biden proposed a new rule to address excessive heat in the workplace, warning that high temperatures are the country’s leading weather-related killer.
White House Seeks Funds for Baltimore Bridge Repairs
The leader of the Senate budget panel endorsed a recent emergency funding request from the White House specific to repairing a bridge that collapsed in Baltimore this year.
Stellantis Invests Additional $55M in Electric Air Taxi
Stellantis has invested an additional $55 million in the electric air taxi company Archer Aviation following a successful test flight and other major milestones.
C.H. Robinson COO Arun Rajan Becomes CSIO
In an atypical move, C.H. Robinson’s chief operating officer — its No. 2 — is becoming its chief strategy and innovation officer.
Polestar Plans Cuts as EV Tariffs Deepen Loss
Polestar Automotive Holding UK Plc is making more cost cuts after losses deepened in the first quarter as tariff barriers grow and price pressures increase for electric vehicle makers.
Northvolt Might Slow Battery Projects Due to EV Slump
Northvolt AB may slow its battery projects, the latest in a line of industry reassessments after the transition to electric cars cooled.
Biden Provides $504 Million to Support 12 Technology Hubs
WASHINGTON — The Biden administration said July 2 that it was providing $504 million in implementation grants for a dozen technology hubs nationwide.