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.
FHWA Announces Proposal to Improve Bridge Inspection Program
The Federal Highway Administration has issued a proposed rule to improve oversight of U.S. bridge inspections by incorporating a risk-based approach and encouraging the use of such technological advancements as unmanned aerial systems and sonar.
Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30
The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.
November 13, 2019California Trucking Association Challenges New State Labor Law
The California Trucking Association has amended its 2018 independent contractor federal lawsuit to challenge a new state labor law that the association claims would prevent thousands of motor carriers from contracting with owner-operators.
Rail Advocates Push for Pacific Northwest Bullet Train
Last week’s vote in Washington state to roll back car registration fees has scrambled transportation budgets. But Pacific Northwest rail advocates are undeterred in pursuing their vision of a bullet train connection among Portland, Seattle and Vancouver, Canada.
Volkswagen Breaks Ground on Chattanooga, Tenn., Electric Vehicle Facility
Marking construction of an electric vehicle facility in Chattanooga, Volkswagen of America today broke ground on an $800 million expansion that will add more than 700,000 square feet of new space to its plant.
Dean Foods Files for Chapter 11 Bankruptcy Reorganization
Top U.S. milk processor Dean Foods Co. filed for Chapter 11 bankruptcy and is in advanced talks with Dairy Farmers of America Inc. about a potential sale.
Hyliion Makes Gains With Hybrid Electrification
Hyliion CEO and founder Thomas Healy said the company anticipates receiving more investment funds soon. It built an 80,000-square-foot plant, and trucks with its e-axle have accumulated more than 1 million miles of real-world travel as fleets begin to see hybrid-electric powertrains as a timely choice for improved fuel efficiency. And yet, he sometimes feels as if he is on the industry sidelines.
Jacobs Prepares for Tougher Emissions Standards
Jacobs Vehicle Systems is taking to the road to demonstrate its latest technologies directly to fleets and others as the company retools how it wants to be viewed — as a provider of emissions technology, not just the place for engine brakes.
Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts
WASHINGTON — Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.
Tesla to Build Factory in Germany After Subsidies Announced
BERLIN — Germany on Nov. 13 hailed Tesla’s decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electric cars.
November 13, 2019