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.
Germany, France Team Up on Battery Plant to Rival Tesla, China
Germany and France set out a blueprint for a giant battery factory, advancing Europe’s bid to rival the capacity of Tesla Inc. China to supply the key part for electric vehicles.
Natso, ChargePoint Team to Expand Charging Station Network
Truck stop trade group Natso on Feb. 6 entered into a partnership with ChargePoint to expand its network of charging stations.
February 7, 2020Daimler, Volvo Win Dismissal of $950 Million Cartel Suit
Daimler AG, Volvo AB and other truck makers won dismissal of a 867 million-euro ($950 million) lawsuit claiming customers were overcharged in a price-fixing cartel.
Maine Republicans Target Vehicle Sales Tax to Fund Transportation
Republicans in the Maine Legislature on Feb. 6 revived the idea of diverting a large portion of vehicle sales tax revenue to roads and bridges in a move that could further complicate negotiations centering on solving a similarly sized transportation shortfall.
Toyota, Honda Extend China Shutdowns as Virus Gathers Pace
Toyota Motor Corp. and Honda Motor Co. were among carmakers extending shutdowns at their China plants as the country steps up measures to fight the deadly coronavirus.
Battery-Electric Nikola Tre to Be Made at Iveco Plant in Germany
Nikola Corp. and joint venture partners Iveco and FPT Industrial announced they will manufacture the battery-electric Nikola Tre model at Iveco’s plant in Ulm, Germany, beginning in 2021, after the facility undergoes a $43.9 million upgrade.
February 7, 2020DHS Prohibits N.Y. Residents From Signing Up for Trusted Traveler Programs
The Department of Homeland Security said New York residents will be prevented from enrolling in certain Trusted Traveler Programs, including the Free and Secure Trade (FAST) program geared toward commercial truck drivers.
House Lawmakers Agree on Infrastructure Investments, but Lack Funding Proposals
Democrats and Republicans on the tax-writing Ways and Means Committee in the House demonstrated a rare show of bipartisanship Feb. 6 by endorsing stakeholders’ consistent calls for investing in multimodal connectivity.
CSA Turns 10, but Is It Making Trucking Safer?
It’s been a decade since the Federal Motor Carrier Safety Administration kicked off its Compliance, Safety, Accountability program aimed at assessing the safety of the nation’s motor carriers. Yet there are still some concerns about its benefits.
Werner Q4 Profits Dip
Werner Enterprises posted declines in fourth-quarter and full-year profits but came in ahead of Wall Street expectations for its Q4 profit.