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.
EV Battery Swapping Could Help Solve the US Charging Problem
Over the past two years, San Francisco startup Ample Inc. has quietly deployed more than a dozen robotic battery-swap stations around the Bay Area and in Europe.
Winning EV Battery Race Called 21st Century ‘Moonshot’
The U.S. needs to dominate the next generation of the technology, a bipartisan group of lawmakers said after meeting the chief executives of Ford Motor Co. and General Motors Co. in Detroit.
Company Can’t Guarantee Air Bag Inflators Won’t Explode
DETROIT — A company that makes air bag inflators that have exploded in eight incidents argued that it can’t say for sure whether its inflators might cause further such incidents.
Temporary Fix for I-95 in Philadelphia Set for June 24-25
PHILADELPHIA — Temporary lanes on Interstate 95 will be open sometime this weekend, with permanent repairs to follow, Gov. Josh Shapiro said June 20.
June 20, 2023Bernie Sanders Launches Probe Into Amazon Workplace Safety
Sen. Bernie Sanders (I-Vt.) launched an investigation into charges of unsafe working conditions at Amazon.com Inc. warehouses across the U.S.
FedEx Forecasts Profit Below Estimates as Demand Weakens
FedEx Corp. finished its 2023 fiscal year with mixed quarterly results as the freight carrier is in the midst of a deep cost-cutting and restructuring effort.
Germany’s Deutsche Post DHL Group Changes Name to DHL Group
BONN, Germany — German multinational package delivery and logistics company Deutsche Post DHL Group said June 19 that it is changing its name to DHL Group as of the beginning of July.
West Coast Ports Begin Effort to Win Back Business
The tentative labor agreement between the International Longshore and Warehouse Union and the Pacific Maritime Association is a step in addressing a shift of cargo volumes to East Coast ports.
Nikola Cuts 270 Jobs to Slash Costs
Nikola Corp. will cut 270 jobs, including 120 in the United States, as the beleaguered truck maker seeks to slash cash outflows, the Phoenix-based company said.
Peterbilt Announces New Paccar TX-18 Features
Peterbilt Motors Co. introduced an off-road calibration and rock-free mode for the Paccar TX-18 PRO transmission, the company announced June 14.