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.
Ohio Law Bans State Adoption of California Emission Rules
In a slap to California, Ohio has a law taking effect in March banning agencies from adopting that state's emissions regulations and protecting the sale and use of diesel and gas vehicles.
Energy, Housing, Food Drive Slight Uptick in US Inflation
WASHINGTON — Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target may remain a bumpy one.
DOD Announces Delay in $17.9B Military Moving Contract
U.S. Transcom announced that an IT systems glitch is delaying implementation of a contract designed to improve the quality of moves for military members and their families.
Autonomous Trucks Show Progress at CES
LAS VEGAS — The pathway toward large-scale commercialization of self-driving trucks became clearer at CES 2024 as tech startups unveiled upgrades to their autonomous driving systems.
Kenco Buys The Shippers Group
Chattanooga, Tenn.-based third-party logistics group Kenco is to buy The Shippers Group, a Dallas-based third-party warehousing company, it said.
Ships Advertise Chinese Links to Avoid Houthi Attacks
At least five vessels transiting the Red Sea are using their signals to say they have links to China — the latest unusual measure taken to try to avoid attack by Houthi militants in the Red Sea.
Hertz to Sell 20,000 EVs in Shift Back to Gas-Powered Cars
Hertz Global Holdings Inc. plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.
Tesla Boosts Pay for US Factory Workers
Tesla Inc. notified workers at its California car plant of pay increases across its U.S. factories, the latest bump by a nonunion automaker the United Auto Workers is trying to organize.
Biden Awards $623 Million to Build EV Charging Network
WASHINGTON — The Biden administration is awarding $623 million in grants to help build an electric vehicle charging network across the nation.
Werner Appoints Meisgeier as Its Next President
Company veteran Nathan Meisgeier joined Omaha, Neb.-based Werner Enterprises Inc. in 2005 and was promoted to the carrier's general counsel in 2016.