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.
Business Equipment Orders Increase Again in May
Orders placed with U.S. factories for business equipment rose in May for a second month, indicating companies continue to make longer-term investments despite high borrowing costs.
Iowa Farmers Among Winners in $2.94 Million Grants
Iowa is helping some 1,600 people obtain their CDLs for driving trucks and school buses through in-house training or with third-party providers via $2.49 million in farm-based grants.
Diesel Price Resumes Decline
Diesel prices slipped 1.4 cents a gallon after a one-week interruption to settle at a national average of $3.801, according to Energy Information Administration data released June 26.
New York City Congestion Pricing Gets Final Approval
A plan to charge motorists driving into New York City’s midtown Manhattan received final federal approval, according to a notice to congressional members.
Maine Motor Vehicle Taxes Are New Highway Fund Source
Maine Gov. Janet Mills has signed a two-year, $829 million highway budget law creating a reliable revenue stream to fund highway repairs using portions of state motor vehicle taxes.
Amazon Pays Small Businesses for Last-Mile Deliveries
Amazon.com Inc. launched a program it has been piloting since 2020 that pays small business owners to deliver packages during the “last mile” of delivery to customers’ doorsteps.
GM Announces EV Supply Chain Deal
General Motors Co. and Australia-based Element 25 Limited have signed an agreement for Element 25 to supply up to 32,500 metric tons of manganese sulfate annually to the Detroit automaker.
AI Provides Vital Assistance to TMS Companies
Incorporating artificial intelligence in transportation management systems is changing how trucking companies and their partners use them to enhance efficiency and reduce costs.
Construction Starts on I-270 Bridge Over Mississippi River
Construction started on a project with Missouri to replace the aging Chain of Rocks Bridge over the Mississippi River on I-270 with twin bridges to help improve freight transportation.
Pepsi Leads Calls for EU to Roll Out Green Trucks Faster
Companies including PepsiCo Inc. and Nike Inc. are calling for the European Union to implement stricter emissions targets for trucks, which the firms say will lower costs in the long run.