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.
Peterbilt Displays All-Electric Class 8 Truck
LONG BEACH, Calif. — Peterbilt Motors Co. displayed its all-electric Model 579 day cab tractor at the Advanced Clean Transportation Expo, which was held April 30-May 4.
May 8, 2018Boulder City Braces for New Interstate to Offset Tourist, Truck Traffic
The Boulder City, Nev., area will soon be home to a new interstate highway, according to Federal Highway Administration.
Dana, Workhorse Focus on E-Drive Axle
LONG BEACH, Calif. — Dana Inc. and Workhorse Group Inc. showed a concept model medium-duty truck designed for city delivery featuring Dana’s Spicer Electrified, an integrated e-drive axle whose lighter weight allows for higher payloads.
May 8, 2018Diesel Up for Seventh Straight Week, Adds 1.4¢ to $3.171 a Gallon
The U.S. average retail price of diesel fuel rose 1.4 cents to $3.171 a gallon, the seventh straight week the trucking industry’s main fuel has increased in price, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration.
Peloton to Launch Platooning by End of 2018
LONG BEACH, Calif. — Platooning developer Peloton Technology will have its two-truck platooning system in day-to-day commercial operation by the end of the year, a company executive said.
US Consumer Borrowing Up $11.6 Billion in March
WASHINGTON — Americans increased their borrowing by $11.6 billion in March as a big increase in the category that covers auto and student loans offset the largest monthly drop in credit card borrowing in more than five years.
Uber Hires Former NTSB Chairman Christopher Hart as Adviser in Midst of Crash Inquiry
Uber Technologies Inc., whose self-driving car program is reeling from a fatal collision with a pedestrian, has hired former National Transportation Safety Board Chairman Christopher Hart to advise the company.
May 7, 2018Intermodal Volumes See Solid Gains in First Quarter
Intermodal volumes rose 7.2% in the first quarter compared with the same period a year ago, the best gain since the second quarter of 2014, according to the Intermodal Association of North America.
Convoy Adds Instant Bidding Feature to Mobile App
Digital freight broker Convoy announced instant bidding, a new feature that lets carriers name their price for the load they want to haul.
May 7, 2018Port of New Orleans Looks Ahead to a Decade of Growth in Cargo, Cruise Businesses
As it charts a course for at least the next decade, the Port of New Orleans is weighing nearly $2 billion worth of potential projects to support its growing cargo, rail, cruise ship and industrial real estate businesses.