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.
Yellow Sues Teamsters, Alleging Breach of Contract
Yellow Corp. filed suit June 27 against the Teamsters union and certain affiliates alleging breach of contract and accusing the union of causing more than $137 million in damages.
ELFA Reports $9.5 Billion in New Business in May
A survey of companies in the equipment finance sector saw overall new business volume hit $9.5 billion in May, according to the Equipment Leasing and Finance Association.
Trans Mountain’s Rising Shipping Costs Draw Oil Producer Ire
Some of the largest oil producers in Canada are objecting to potentially rising costs and fees to ship their crude on the expanded Trans Mountain pipeline.
Trucking Interests Say EPA Is Moving Too Fast on GHG Rule
Many of the major players in the trucking industry say they generally are supporters of the goals of the EPA’s Phase 3 proposed rule, but they have concerns that the phase-in is moving too fast.
SAE International Plans to Standardize Tesla’s EV Chargers
A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all EVs.
FMCSA to Consider Broker-Shipper Transparency
Federal trucking regulators confirmed they plan to consider a request by the Owner-Operator Independent Drivers Association seeking a rulemaking on broker-shipper pricing transparency.
Kodiak to Equip 800 Loadsmith Trucks With Self-Driving Tech
Kodiak Robotics Inc. is set to equip 800 trucks with self-driving technology for Loadsmith, a third-party Capacity-as-a-Service logistics provider, the companies said.
June 27, 2023Lordstown Motors Files for Bankruptcy Protection
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.
PMTA Sues Pennsylvania Over California Emissions Regulations
The Pennsylvania Motor Truck Association and four trucking company members are suing two commonwealth agencies over adoption of California's heavy-truck emission standards.
Guangzhou Automobile Group Unveils Ammonia-Powered Engine
China’s Guangzhou Automobile Group Co. said it has developed the world’s first car engine that runs on ammonia, adding to new energy solutions that reduce carbon emissions.