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.
Hyliion to Exit Class 8 Electric Truck Powertrain Business
Hyliion Holdings Corp. plans to exit the Class 8 electric powertrain business, the company said Nov. 8, less than a month after beginning a strategic review of its options for the unit.
Biden Visits Stellantis Autoworkers, Celebrates Labor Deal
BELVIDERE, Ill. — President Joe Biden put on a red United Auto Workers shirt on Nov. 9 as he celebrated a labor deal that will prevent Belvidere’s Stellantis plant from closing.
Hyzon Eyes Q1 Testing for More Powerful FCEV Class 8 Truck
Hyzon Motors plans to begin testing the next generation of its Class 8 hydrogen fuel cell electric trucks with U.S. customers in the first quarter of 2024.
Landrieu Ties Infrastructure Future to Presidential Race
WASHINGTON — The Biden administration is seeking to make the case that continued infrastructure progress could depend on keeping Joe Biden in the White House after 2024.
Trucking Enters Strong but Uncertain Holiday Season
The trucking industry is heading into a strong but somewhat uncertain peak shipping season with consumer spending expected to remain high even amid a softer economy, according to a survey.
White House, Lawmakers Evaluate IIJA on Second Anniversary
President Joe Biden has kicked off a national conversation about infrastructure policy ahead of the two-year anniversary of the Infrastructure Investment and Jobs Act.
Class 8 Order Season Continues Below Year-Ago Surge
North American Class 8 truck orders for October fell precipitously from their year-ago surge, taking a steep but unsurprising drop, according to ACT Research.
Canada Mandates New Dangerous Goods Transport Database
Canada is implementing a new database requiring registration by next year for people and companies transporting dangerous goods at a domestic site they own or operate.
Container Shipping Set for Downturn, Hapag-Lloyd Chief Says
The container shipping industry faces a few years of headwinds as low freight rates and widening geopolitical turmoil cloud the outlook, according to Hapag-Lloyd AG CEO Rolf Habben Jansen.
Amazon to Expand Grocery Delivery
Amazon.com Inc. is rolling out grocery delivery service for non-Prime members to the wider U.S. as it prepares to open more supermarkets next year.