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.
Yokohama Executives Say Fleets Still Adjusting Post-Pandemic
WEST POINT, Miss. — Executives from Yokohama Tire Corp. said their motor carrier customers have adjusted well to the post-COVID economy, but it's not business as usual.
Freightliner eM2 Serial Production Begins at Portland Plant
Serial production of Freightliner’s eM2 medium-duty battery-electric truck began at Daimler Truck North America’s Portland, Ore., manufacturing plant in recent days, DTNA said Oct. 26.
Schumer Wants FTC to Examine Exxon, Chevron Acquisitions
Senate Majority Leader Chuck Schumer is urging the Federal Trade Commission to look into whether Exxon Mobil and Chevron’s proposed oil and gas acquisitions could violate antitrust laws.
Tevva, ElectricaMeccanica End Partnership
Plans to build a hybrid electric and hydrogen-powered Class 8 truck floundered in recent days as startup merger partners Tevva Motors Ltd. and ElectraMeccanica Vehicles Corp. parted ways.
USDOT Grants $82.6 Million for Road Safety in 46 States
The U.S. Department of Transportation announced it awarded $82.6 million in road safety planning grants to 46 states, including projects involving truck freight.
Toyota’s Profits Zoom on Cheap Yen, Strong Global Sales
TOKYO — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.
Business Group Estimates 403,000 Clean-Energy Jobs From IRA
A nonpartisan group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect.
Tesla Wins First Jury Trial Over Fatal Autopilot Crash
Tesla Inc. convinced a California jury that its Autopilot technology wasn’t responsible for a crash that killed a California driver four years ago, the jury announced on Oct. 31.
Georgia Port Expanding to Become Country’s Largest Auto Port
On Oct. 30, Georgia Ports Authority CEO Griff Lynch highlighted expansion projects that will allow the Port of Brunswick to surpass Baltimore as the nation’s top port for automobile shipping as early as 2026.
September Container Volume Shows Ports on Rebound
Two of the nation’s largest ports on the Pacific Coast bounced back in September with strong container volume numbers.
October 31, 2023