Business

About Business News...

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, Technology, Equipment

Rivian Beats Analysts’ Q1 EV Production Estimates

Rivian Automotive Inc. built 9,395 battery-electric vehicles in the first three months of the year as the company aims to ramp up production.

Ed Ludlow | Bloomberg News
April 3, 2023
Government, Business, Safety

Ohio Turnpike to Start $226 Million in Construction Projects

Drivers are being reminded to travel with care through work zones on the Ohio Turnpike as $226 million in construction projects begin this month along the 241-mile toll road.

Noël Fletcher | Staff Reporter
April 3, 2023
Business, Technology, Equipment

Tesla Deliveries Rise to Record After Slashing EV Prices

Tesla increased vehicle deliveries by a slim margin despite slashing prices across its lineup, casting doubt on the staying power of the increase in demand that Elon Musk has described.

Dana Hull | Bloomberg News
April 3, 2023
Business, Logistics

Fuel Tanker Demand Booming as More Oil Is Refined

The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s spurring a boom in the business of building ships to haul fuel around the globe.

Chunzi Xu and Alex Longley | Bloomberg News
March 31, 2023
Business, Technology, Autonomous

Nikola Announces Secondary Stock Offering

Nikola Corp. plans to raise $100 million from a secondary stock offering to the public at $1.12 per share, the company announced March 30.

Connor D. Wolf | Staff Reporter
March 31, 2023
Business, Technology, Equipment, Safety

Iowa Gov. Kim Reynolds Signs Law Expanding CDL Testing

Iowa is making it easier for people to enter trucking careers with a new law expanding third-party testers for commercial driver licenses.

Noël Fletcher | Staff Reporter
March 31, 2023
Government, Business, Equipment, Fuel, Breaking News

EPA OKs California Rules Phasing Out New Diesel Trucks

The U.S. Environmental Protection Agency has granted California environmental regulators waivers to officially move forward with the agency’s aggressive plans to transition diesel trucks to electric vehicles and expand the length of truck warranties.

Eric Miller | Senior Reporter
March 31, 2023
Government, Business, Safety

Justice Department Sues Norfolk Southern Over Derailment

The federal government filed a lawsuit against railroad Norfolk Southern over environmental damage caused by a train derailment that spilled hazardous chemicals into creeks and rivers.

John Seewer | Associated Press
March 31, 2023
Government, Business, Technology

Many Electric Vehicles to Lose Big Tax Credit With New Rules

WASHINGTON — Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year under rules proposed March 31 by the U.S. Treasury Department.

Tom Krisher and Fatima Hussein | Associated Press
March 31, 2023
Government, Business, Technology, Equipment, Fuel

Tesla Pursues US Battery Plant With China’s CATL

Tesla Inc. is looking to build a battery plant in the U.S., according to people familiar with the matter, in what would likely be a controversial arrangement with China’s dominant electric vehicle battery manufacturer.

March 30, 2023