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.
Electric Vehicle Sales Hit Critical Mark
Electric cars are smashing all kinds of records in the U.S. Their share of new cars exceeded 7% for the first half of the year, speeding past a critical tipping point for mass adoption.
August Class 8 Sales Down 1%
U.S. Class 8 retail sales in August stayed about the same from the year-ago period but increased from the prior month, Wards Intelligence reported.
Volvo Charts Customer-Focused Path for Zero-Emission Goals
GOTHENBURG, Sweden — Leaders from Volvo Trucks said they’re taking a customer-focused approach to achieving corporate goals for reduction of carbon emissions.
Startup Merger Partners Eye Class 8 Truck Launch by 2027
Proposed merger partners ElectraMeccanica and Tevva plan to launch a Class 8 hybrid electric and hydrogen-powered truck in the United States in 2027, ElectraMeccanica CEO Susan Docherty said.
ATA Leader Chris Spear Presses Congress for AV Framework
WASHINGTON — Automated vehicles would gain greater adoption with a nationwide policy framework, Chris Spear, president of American Trucking Associations, told members of Congress on Sept. 13.
Nearshoring Boom Faces Growing Pains
The escalation of nearshoring this year has brought an increased need to bolster infrastructure investments and supply chain operations, according to experts.
Commerce Department Touts Indo-Pacific Pact
The U.S. Commerce Department is pitching its landmark multinational pact to strengthen supply chains with 13 Indo-Pacific nations.
Updated Ford F-150 Gets New Grille, Other Features
The top-selling vehicle in America will get a bit of a face-lift next year, one of just a few new or updated vehicles that will be shown off this week at Detroit’s big auto show.
FHWA Offers $100 Million in Grants to Fix Broken EV Chargers
Up to $100 million in government grants is available for states and local governments to repair and replace broken electric vehicle charging infrastructure.
Appeals Court Hears Arguments on Rhode Island Tolling Plan
Attorneys for American Trucking Associations and the Rhode Island Department of Transportation sparred before a federal appeals court over the state’s trucks-only tolling plan.