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.
FedEx Hires Aircraft Leasing Executive John Dietrich as CFO
FedEx Corp. hired John Dietrich, the former head of an aircraft leasing company, as its new chief financial officer amid a sweeping plan to restructure the package delivery giant.
Massachusetts to Fund CDL Training for Workforce Re-Entry
A program to train formerly incarcerated individuals to obtain commercial driver licenses is part of $2.59 million in grants awarded in Massachusetts across 14 organizations.
Nikola Inks Hydrogen Fuel Supply Deal for FCEV Trucks
Nikola Corp. has reached a deal to buy hydrogen from BayoTech to fuel the truck manufacturer’s Class 8 Tre fuel cell electric vehicles, it said.
Michigan School Finds Success Training Student Truckers
A Michigan community college says the demand for more truck drivers and the popularity of its training program are the main reasons why the Trainco Inc.-sponsored course is expanding.
Love’s Musket Corp. Opens First DEF Terminal in Alabama
Love’s Family of Companies announced July 12 that its trading and logistics arm, Musket Corp., has opened its first diesel exhaust fluid terminal in Alabama.
No Hazards Reported as Freight Train Derails in Pennsylvania
WHITEMARSH TOWNSHIP, Pa. — A freight train derailment in Pennsylvania early July 17 spurred precautionary evacuations, but officials said there was no known hazard to the public.
July 17, 2023Ford Cuts Price on F-150 Lightning by Up to 17%
Ford Motor Co. is slashing prices on the electric version of its best-selling F-150 pickup by as much as 17%, reversing price hikes implemented last year on its debut battery-powered truck.
Tesla Starts Cybertruck Production Two Years Behind Schedule
Almost four years after Elon Musk first unveiled Tesla Inc.’s debut pickup, the automaker has built its first Cybertruck.
EPA Denies Oil Refineries Seeking Biofuel-Blending Exemption
The Biden administration on July 14 rejected more than two dozen oil refinery requests for exemptions from U.S. biofuel-blending requirements.
King of Kentucky Truckers: Willinger Bound for NTDC Again
FedEx Freight driver John Willinger’s overwhelming memory of his reign at the Kentucky Truck Driving Championships is of focus and persistence.