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.
Key EV Battery Material Can Come From Methane
Graphite is key to manufacturing the lithium-ion batteries that power electric cars, and there has been a push to grow a U.S. supply chain.
California Lawmaker Pulls Bill on Autonomous Vehicles
The tech sector has declared victory after California state Sen. Dave Cortese withdrew SB 915, which would change how self-driving cars are regulated, from consideration this week.
Joby Says FAA OKs In-House Software for Air Taxi Service
Joby Aviation said it received regulatory clearance to use software products that the electric aviation startup has developed in-house since acquiring Uber’s air taxi division in 2021.
Road to NTDC Spotlight: Andrew Lewis
When Andrew Lewis, 22, competed in Maine's state truck driving championship May 18, he kicked off the fourth generation of “roadeo” competitors for the Lewis family.
Amazon Is Shifting to Recycled Paper Filling for Packages
Amazon is shifting from the plastic air pillows used for packaging in North America to recycled paper because it’s more environmentally sound, and it says paper just works better.
Chipmaker Nvidia Becomes Most Valuable Company in S&P 500
Nvidia’s startling ascent in the stock market reached another milestone June 18 as the chipmaker rose to become the most valuable company in the S&P 500.
June 18, 2024Private Equity Firms Invest in RPM Freight Systems
RPM Freight Systems is to receive backing from private equity firms Trive Capital and Bluejay Capital Partners, the investors said in a news release.
What's That? Less-Than-Truckload (LTL)
Less-than-truckload shipping is used to transport freight that doesn’t require a full truckload trailer. In general, most LTL shipments weigh between 500 and 15,000 pounds, and are shipped on pallets and only require a portion of a trailer. Since LTL shipments don’t use an entire truck, free space on the truck is often shared by other shipments from other shippers or carriers.
June 18, 2024Artur Express to Run 100 Kodiak Self-Driving Sleeper Trucks
Artur Express plans to operate 100 sleeper trucks with Kodiak Robotics’ self-driving truck technology installed in a partnership between the companies, they said.
May Medium-Duty Sales Decline 6% Year-Over-Year
U.S. retail sales for medium-duty trucks declined year-over-year in May after six consecutive months of gains, according to data from Wards Intelligence.