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.
Maryland Senator Presses for Baltimore Aid
WASHINGTON — Sen. Ben Cardin of Maryland renewed calls for colleagues to endorse emergency aid for rebuilding the Port of Baltimore area and the collapsed Francis Scott Key Bridge.
Trucking Fleets Urged to Be Proactive in Litigation
INDIANAPOLIS — When a trucking company anticipates or is involved in serious accident litigation, C-suite executives might want to remember one thing: Your company lives in a glass house.
Truckers Urged to Get Vocal on Regulatory Challenges
INDIANAPOLIS — Motor carriers are making strides in influencing the regulatory future of the industry, but must remain vocal to address challenges they face, according to TCA's David Heller.
Class 8 Truck Orders Increased 50% Year-Over-Year During May
North American Class 8 truck orders continued the trend of year-over-year gains in May, according to ACT Research.
ABB Considers Sale of Some Electric Mobility Assets
ABB Ltd. is considering selling part of its e-mobility business, which includes electric vehicle charging stations worldwide, including the U.S.
EV Taxi Startup Revel to Lay Off Drivers for Gig Model
Revel Transit, the New York-based electric vehicle ride-hailing startup, plans to lay off its driver employees and operate a gig-work model more akin to rivals Uber and Lyft.
Used Truck Sales in April Jump 30% From Last Year
Used Class 8 truck sales in April increased 29.6% compared with the same period the prior year, ACT Research reported.
UN Chief Wants Tax on Profits of Fossil Fuel Companies
GENEVA — U.N. Secretary-General António Guterres called June 5 for a “windfall” tax on profits of fossil fuel companies to help pay for the fight against global warming.
19 States Challenge California on Emissions Legal Activism
Alabama is leading a 19-state coalition suing California and four other states in the U.S. Supreme Court over state legal fights against energy companies.
Correctional Program in Nebraska Celebrates First CDL Grads
Holding new CDLs, five men incarcerated in a work-release corrections center are the first such aspiring truck drivers in a program focused on their re-entry into society.