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.
J.B. Hunt Posts Lower Earnings, Revenue in Q1
J.B. Hunt Transport Services President Shelley Simpson noted the trucking industry has entered a freight recession while discussing first-quarter results April 17.
April 18, 2023CMA CGM Offers to Buy Bolloré Logistics for $5.5 Billion
Maritime transport giant CMA CGM SA has entered exclusive talks to buy Bolloré SE’s logistics arm for an enterprise value of 5 billion euros ($5.5 billion).
House GOP Points to Transportation Record
An update to Federal Highway Administration guidance related to a $1.2 trillion infrastructure law is among key achievements House Republicans are touting.
Norfolk Southern Near Ready to Reopen Some Tracks in Ohio
Norfolk Southern says it has completed excavation of the impacted soil underneath the south track at the site of the East Palestine train derailment and will finish restoration of the track in the coming days.
Tesla Reports Another Fatality Involving Automated Driving
Tesla Inc. disclosed to U.S. regulators another fatal crash involving automated driver-assist systems, bringing its total to 17 since June 2021.
Only 10 EVs Qualify for Full $7,500 US Tax Credit
Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits after stricter battery-sourcing rules take effect and render most plug-in models ineligible.
ZF’s CeTrax Lite Begins Series Production
The CeTrax lite electric central drive adapts what the company learned from developing passenger car drives for use in light commercial vehicles.
April 17, 2023US Tax Breaks Lure European Clean Tech
LONDON — Norwegian startup Freyr will first build batteries to power electric vehicles and store clean energy in a remote town near the Arctic Circle. Up next? An Atlanta suburb.
Drop in Diesel Demand Heightens Recession Concerns
“Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning,” said one expert.
April 17, 2023Inward-Facing Cameras Rate Low With Drivers
With an approval rating of 2.2 on a 10-point scale in an American Transportation Research Institute study, it’s clear that truck drivers do not hold driver-facing cameras in high regard.