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.
Wisconsin DOT Announces $75 Million for Multimodal Grant Program
The Wisconsin Department of Transportation announced it is making $75 million available through its Multimodal Local Supplement grant program, which is designed to address critical transportation needs.
Daimler, Torc Begin Testing Self-Driving Trucks in Virginia
Daimler Trucks has begun testing highly automated heavy-duty trucks on Virginia highways in partnership with its subsidiary, Torc Robotics, the companies said.
Bendix Spicer Foundation Brake Expands Kentucky Plant
Bendix Spicer Foundation Brake broke ground on a 130,000-square-foot expansion of its wheel-end manufacturing facility in Bowling Green, Ky., according to a company news release Sept. 5.
September 6, 2019Plus.ai Enters Joint Venture With Chinese Truck Maker FAW Jiefang
Plus.ai, a startup providing self-driving technology, announced a joint venture to develop autonomous trucks with FAW Jiefang, China’s oldest and largest truck manufacturer.
September 6, 2019Congressional Committees to Examine Transportation Funding, Security
Congress’ first week back from its August recess will feature hearings examining funding options for highway projects and security conditions across the aviation landscape.
White House Weighs Biofuel Quota Boost Amid Appeals From Iowa
Top administration officials have developed plans to give a 5% boost to U.S. renewable fuel-blending quotas in 2020, as President Donald Trump seeks to temper farm-state criticism he has undermined U.S. mandates compelling the use of corn-based ethanol and soybean-based biodiesel.
Bridgestone Launches Firestone FT492 Trailer Tire
Bridgestone Americas Inc. launched a new Firestone FT492 trailer tire.
September 6, 2019Michelin Upgrades Advantage Program
Michelin North America has announced application and billing enhancements to its Michelin Advantage program, introduced in 2007 to help support the needs of owner-operators and fleets.
September 6, 2019Dana Amends Credit Agreement
Dana Inc. announced an amendment to its existing senior secured credit facility that increases the aggregate amount available to $1 billion from $750 million and extends the maturity by two years to 2024.
September 6, 2019Washington Supreme Court Rules Current Piece-Rate Pay Practices Are OK
The Supreme Court of Washington filed a decision upholding minimum-wage compensation practices employers use to pay commercial truck drivers.