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.
Penske Forms EV Infrastructure Advisory JV With Mitsui Unit
LAS VEGAS — Penske Transportation Solutions and ForeFront Power are teaming up for an electric vehicle infrastructure advisory joint venture to be known as Penske Energy, the partners said May 21.
Clarience Tech and ZF Forge Data-Sharing Alliance
Clarience Technologies and ZF launched a strategic alliance to share telematics data to improve the performance of fleet customers, the company announced May 20.
Energy Transfer to Buy Permian Operator WTG for $3.3 Billion
U.S. pipeline giant Energy Transfer LP has reached a deal to buy WTG Midstream through a deal valued at about $3.25 billion.
Trade Strains Boost Ocean Shipping Cargo Rates
Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply chain managers flashbacks to the demand spike three years ago.
Toyota Shows ‘Engine Reborn’ With Green Fuel
Toyota announced that it would offer lean compact engines that also run on so-called green fuels like hydrogen and bioethanol, or get paired with zero-emission electric motors in hybrids.
Administration to Offer Carbon Credits for Scope 3 Emissions
The Biden administration is unveiling a framework for using carbon offsets to drive climate progress.
ATA Reports More Tonnage Declines for April
Truck tonnage continued to experience year-over-year declines in April, American Trucking Associations reported May 21.
ZM to Bring Zero-Emission Work Trucks to North America
LAS VEGAS — ZM Trucks outlined its plans to enter the North American commercial vehicle market with a portfolio of battery-electric and hydrogen fuel cell electric trucks.
Pilot’s Wright: Companies Must Lead Sustainability Movement
LAS VEGAS — To provide a better understanding of the drive for innovation of alternative fuels and electrification, Pilot CEO Adam Wright told a story of his family vacation at a water park.
Roadside Inspection Station Opens on Long Island Expressway
Truckers driving in New York on Interstate 495 along the Long Island Expressway will encounter a new commercial vehicle roadside inspection station in Suffolk County that opened in May.