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.
Construction on Keystone XL Pipeline Set to Start in 2019
LINCOLN, Neb. — The developer of the Keystone XL oil pipeline plans to start construction next year, after a U.S. State Department review ordered by a federal judge concluded that major environmental damage from a leak is unlikely and could quickly be mitigated, a company spokesman said Sept. 24.
Wabco Announces Partnerships, New Technology
Wabco Holdings Inc. announced partnerships with truck makers and technology companies as well as new safety systems, among others.
Allison to Market 9-Speed Transmission Globally
Allison Transmission announced it will offer its new medium-duty, fully automatic 9-speed transmission globally and that it also developed an electric hybrid system with an extended range up to 9 miles.
TuSimple Says Cameras in Its Autonomous Trucks Interpret Objects at Record Distance
TuSimple, a provider of autonomous driving technology for heavy-duty trucks, announced its advanced camera-based solution can interpret objects up to 3,280 feet away, an industry first.
September 25, 2018Google Parent Alphabet Backs Trucking Technology Startup Convoy
Convoy Inc., a trucking technology developer backed by Bill Gates and Jeff Bezos, added another prominent backer through a funding round that values the startup at more than $1 billion.
House to Take Up FAA Bill as Early as Sept. 26
A five-year bill that would authorize federal aviation programs set to expire at the end of the month could be called up for a vote in the U.S. House as early as Sept. 26.
Meritor Announces European Debut of Blue Horizon Advanced Technologies Brand
HANOVER, Germany — Commercial vehicle supplier Meritor Inc. announced the European debut of Blue Horizon, its new brand representing the company’s emerging platform of advanced technologies centered on electrification, efficiency and connectivity solutions for heavy- and medium-duty commercial vehicles. The North American version was introduced earlier this year.
Cummins Introduces Diesel, Hybrid-Electric Innovations
Independent engine maker Cummins Inc. introduced innovations for the diesel engine intended to achieve a low nitrogen oxide-emissions future, a reduction in the carbon footprint and improve fuel mileage. It also presented a hybrid-electric powertrain.
China Official Says Talks Impossible With ‘US Holding Knife’
BEIJING — China cannot hold talks with Washington on ending their escalating trade dispute while the United States “holds a knife” to Beijing’s neck by imposing tariff hikes, a Chinese official said Sept. 25.
Shipping Lobby Proposes Phased Start to Historic Fuel Change
The shipping industry is pressing for a phased start when new rules governing vessel fuel take effect in less than 16 months’ time.
September 25, 2018