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.
Kenworth Touts New W990 at Las Vegas Media Event
Kenworth Truck Co. introduced the W990, a new long-hood conventional Class 8 tractor.
Volvo to Sell Electric Trucks in North America in 2020
Volvo Trucks announced it would commercialize all-electric trucks in North America in 2020 after introducing them in California next year, a move made in conjunction with a partnership that includes Volvo Group, California’s South Coast Air Quality Management District and industry leaders in transportation and electrical charging infrastructure.
Oil Industry Money Pours Into Fight Over Washington Carbon Fee
A campaign bankrolled by the oil industry has raised $20.46 million to defeat a carbon-pollution fee on the ballot in Washington state aiming at tackling climate change.
Tesla Tumbles Most Since 2015 on Worry About a Musk-Free Future
It is nearly impossible to imagine Tesla Inc. without Elon Musk, its chairman, CEO, largest shareholder and public face. But a U.S. Securities and Exchange Commission lawsuit has raised questions about the executive’s future at the clean-energy company, sending shares spiraling.
Editorial: Rush for the Holiday Rush
It’s beginning to look a lot like ... shippers are getting nervous. Please forgive the riff on a familiar holiday classic tune, but reports of shippers rushing to get goods to the United States in advance of more tariffs taking effect — and, thus, potentially affecting the pricing for holiday gifts — have been dominating the news.
September 27, 2018SEC Sues Tesla CEO Elon Musk, Accusing Him of Misleading Investors
Tesla Inc. CEO Elon Musk was accused by the Securities and Exchange Commission of misleading investors when he tweeted that he had funding lined up to take the company private.
Used Truck Prices Jump 16% in August
Strong demand for used trucks continued in August as the average price of a Class 8 vehicle jumped 16% year-over-year in the midst of a historically strong freight market, ACT Research reported.
House Passes FAA Bill; Senate Action Up Next
A five-year bill that would authorize federal aviation safety and infrastructure programs set to expire passed the U.S. House on Sept. 26 by a vote of 398-23.
Tariffs Start to Drag on US Economy as Trade Deficit Widens
Fresh data on the U.S. economy show President Donald Trump’s escalating trade war is shaping up as a clear drag on growth this quarter.
Durable Goods Orders in August Jump 4.5%
WASHINGTON — Orders for long-lasting U.S. factory goods rose at a healthy pace last month, though the increase was mostly driven by a surge in aircraft demand.