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.
ZF Develops EV Motor That Cuts Out Rare Earth Materials
MUNICH — Automotive supplier ZF Group announced it has developed an electric vehicle motor that eliminates the need for rare earth materials without sacrificing performance.
Montana Seeks Longer Canadian Border Hours for Trucks
Montana’s Wild Horse border crossing into Canada must remain open 24 hours to handle higher truck traffic, declared a letter to President Joe Biden and Prime Minister Justin Trudeau.
Commerce Grant to Help Fund CDL Training at Georgia College
The U.S. Department of Commerce has awarded $742,180 to help a Georgia technical college pay for a concrete practice driving area for commercial driver license candidates.
Saudi Arabia, Russia Plan to Extend Oil Cut Through Year-End
DUBAI, United Arab Emirates — Saudi Arabia and Russia agreed Sept. 5 to extend their voluntary oil production cuts through the end of this year.
UAW Shows Confrontational Style as Strike Deadline Looms
The demands that a more combative United Auto Workers union has pressed on General Motors, Stellantis and Ford are edging it closer to a strike when its contract ends Sept. 14.
Chevron Buys Land for Possible New Facility Outside Houston
Chevron Corp. bought a plot of land the size of almost 60 football fields just outside of Houston in preparation for what could become a new research-and-development campus.
Trimac Acquires Two More Carriers, Continues to Shop
Trimac Transportation Ltd. has purchased two North American bulk haulage carriers in the past few weeks, and has plans to accelerate its ongoing buying spree.
Think Tank Urges DOT to Begin National VMT Fee Pilot
A Washington think tank is encouraging the federal government to proceed with a legislatively mandated national pilot program to explore the viability of a vehicle-miles-traveled fee.
Driverless Trucks Face Regulatory Opposition in California
If California's Assembly Bill 316 becomes law, driverless trucks won’t be able to drive down state highways without a human driver present until at least 2031.
Hyundai, LG Invest $2 Billion More Into Georgia Battery Plant
Hyundai Motor Group and LG Energy Solution say they will spend an additional $2 billion and hire an extra 400 workers to make batteries at the automaker’s Georgia EV plant under construction.