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.
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.
Efficient Use of Space Is Key in Weak Freight Market: Study
Over-the-road carriers waiting for an upturn in the freight cycle must make the most efficient use of their trucks’ space to best ride out ongoing market weakness, according to CSCMP.
House Panel Takes Up Water Resources Development Act
This month, the transportation panel in the U.S. House of Representatives plans to vote on a policy update to the country’s commercial waterways.
Lawmakers Seek to Limit Chinese Influence on Chipmaking
U.S. lawmakers want to prevent companies that win federal chipmaking funds from using Chinese-made equipment at government-backed factories.
A Waste-Oil Crunch Is Coming for Renewable Fuel
The world’s renewable fuelmakers are about to face a crunch in one of the most basic building blocks they need to be profitable: sufficient supply of waste oil.
Judge Orders BNSF to Pay Washington Tribe Nearly $400 Million
SEATTLE — BNSF Railway must pay nearly $400 million to a Native American tribe in Washington state, a federal judge ordered after finding that the company trespassed across the tribe’s reservation.
Fisker Files for Bankruptcy Protection
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.
Waabi Raises $200M as It Eyes Fully Driverless Trucks in '25
Autonomous technology developer Waabi raised $200 million that will help carry it through the commercial launch of fully self-driving trucks in 2025, the Toronto-based company said.
Werner CEO Says Freight Market Is Returning to Normal
Werner Enterprises CEO Derek Leathers said patterns emerging in the cargo marketplace point to a long-awaited adjustment that could help lift trucking out of its persistent freight recession.
Eaton, BAE Systems Partner on E-Powertrain Offerings
MARSHALL, Mich. — Eaton and BAE Systems, through an expanded partnership, provided a demonstration of their powertrains and charging solutions for medium-duty electric vehicles.