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.
Panel at Motive Summit Tells Women to Be Persistent
NASHVILLE, Tenn. —Women who have achieved success in trucking have advice for women wanting to break into and move up the ladder in the industry: Be determined, persist and stay the course.
E-Smart Introduces Backing Speed Management System
The speed management provider E-Smart is adding a backing speed limiter feature for facilities to its services, the company announced April 22.
Kroger, Albertsons Agree to Divest More Stores
Kroger Co. and Albertsons Cos. agreed to divest more stores to C&S Wholesale Grocers, seeking to make their planned $24.6 billion merger more appealing to antitrust authorities.
Georgia Demands Rivian Secure, Maintain Factory Site
Electric vehicle maker Rivian said it is working to secure and maintain the site of its planned Georgia factory, as well as preparing the land for vertical construction as soon as it can move forward with the $5 billion project.
Tesla Cuts the Price of Its ‘Full Self Driving’ System
NEW YORK — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself — to $8,000 from $12,000, according to the company website.
April 22, 2024Focus Shifts to Removing Debris From Dali’s Deck
BALTIMORE — Salvage crews at the site of a collapsed bridge are turning their focus to the tons of debris sitting atop the Dali, a massive cargo ship that caused a deadly catastrophe in March.
Rivian Cuts 1% of Workforce in Second Round of Layoffs
Electric vehicle upstart Rivian, which recently put on pause plans to build a Georgia factory, said in mid-April it is laying off more workers as it cuts costs to buttress its balance sheet.
Transportation Index Falls, Signaling Risks for Stock Market
Transportation companies that serve as a bellwether for the American economy sent up a smoke signal last week.
EPA Allows Summer Sales of Higher-Ethanol E15 Gasoline
The Biden administration is using emergency powers to authorize widespread sales of higher-ethanol E15 gasoline this summer, following a strategy it employed the previous two years.
Tesla Co-Founder J.B. Straubel Built an EV Battery Colossus
Redwood Materials, started by Tesla co-founder J.B. Straubel, is attempting to create a domestic loop using recycled critical metals for lithium-ion batteries.