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.
Canada’s Lion Electric Lays Off 10% of Workforce
Canadian medium- and heavy-duty electric truck and bus maker Lion Electric laid off 150 employees, or 10% of its workforce, it said Nov. 27.
Survey Finds EVs Less Reliable, on Average, Than Gas-Powered
Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports.
Atlanta Joins Top Tier of Global Supply Chain Powers
Atlanta’s Hartsfield-Jackson International Airport plans a nearly $500 million expansion of its air cargo facilities to accommodate steady economic growth in the southeast U.S.
New UAW Unionizing Drive Targets 13 Nonunion Automakers
The United Auto Workers union is launching simultaneous, public organizing campaigns at more than a dozen automakers including Toyota Motor Corp., Volkswagen AG and Tesla Inc.
Transportation Leaders Urge Passage of Freight Rail Bill
Policymakers are calling on congressional leaders to consider freight safety legislation as the Biden administration enhanced its commitment to supply chain connectivity.
US Weighing Reprieve for Automakers on EV Tax Credits
The Biden administration has discussed giving automakers a temporary reprieve from rules aimed to limit a consumer tax credit for electric vehicles that contain certain foreign materials.
Output at Mack Trucks Plants Back to Capacity After Strike
Output at Mack Trucks’ production facilities reached full capacity in recent days after employees returned to work following a six-week strike.
Tesla Color Wraps May Help Broaden Cybertruck’s Appeal
When Tesla starts Cybertruck deliveries on Nov. 30, color wraps — decorative films applied to the truck's exterior — could soften the edges of a truck seen as too harsh for mainstream buyers.
Nikola CEO Girsky’s Duties Expand as CFO Departs
Nikola Corp. CEO Steve Girsky’s workload is set to increase further Dec. 4 with the departure of the truck maker's chief financial officer.
Toyota Sells Part of Denso Stake to Raise Cash for EVs
Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan’s top automaker said Nov. 29.