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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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