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.
Fisker Files for Bankruptcy Protection
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.
Waabi Raises $200M as It Eyes Fully Driverless Trucks in '25
Autonomous technology developer Waabi raised $200 million that will help carry it through the commercial launch of fully self-driving trucks in 2025, the Toronto-based company said.
Werner CEO Says Freight Market Is Returning to Normal
Werner Enterprises CEO Derek Leathers said patterns emerging in the cargo marketplace point to a long-awaited adjustment that could help lift trucking out of its persistent freight recession.
Eaton, BAE Systems Partner on E-Powertrain Offerings
MARSHALL, Mich. — Eaton and BAE Systems, through an expanded partnership, provided a demonstration of their powertrains and charging solutions for medium-duty electric vehicles.
Perspective: How Refrigerated Trucking Delivers for Summer
During the summer, consumers purchase more produce and fresh blooms. Behind the scenes, the logistics industry takes certain steps for transporting these goods safely and efficiently.
CSX Plans Infrastructure Work at Maryland Yard
CUMBERLAND, Md. — Infrastructure improvements at CSX’s Cumberland yard will increase capacity and allow railcars that previously couldn’t move through the yard to do so, the company said.
June 17, 2024The $25,000 Electric Car Is Coming to US Soon
With signs of slowing growth in the premium EV market, manufacturers have been working on a pivot from luxury to practicality. The $25,000 economy electric car is the industry’s new target.
Tesla Cybertruck Deliveries Delayed Over Wipers
Tesla Inc. has halted Cybertruck deliveries because of a problem with its windshield wiper, Electrek reported.
IEA: China’s Binge on US Fuel Is Biggest Oil Demand Driver
Chinese purchases of a relatively niche type of fuel from the U.S. have been the single biggest contributor to global oil demand growth in recent years, the International Energy Agency said.
NTSB to Approve East Palestine Report June 25
WASHINGTON — This month, the National Transportation Safety Board is scheduled to approve its investigative findings about a freight train derailment last year in East Palestine, Ohio.