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.
February Used Class 8 Sales Down 20% Year-Over-Year
Used Class 8 truck sales in February decreased 19.6% year-over-year to 17,600 units from 21,900 units, ACT Research reported.
How a Georgia Plant Helps Solve a Huge EV Supply Chain Kink
COVINGTON, Ga. — Ascend Elements takes spent lithium-ion batteries and scrap from EV battery makers and grinds them to dust, salvaging minerals for reuse in new EV power sources.
Congressional Policymakers Introduce Truck Parking Bill
Legislation designed to expand access to parking for truck drivers around the country was recently introduced on Capitol Hill.
House GOP OKs Broad Bill to ‘Unleash’ American Energy
WASHINGTON — House Republicans on March 30 approved a sprawling energy package that seeks to undo virtually all of President Joe Biden’s agenda to address climate change.
Port Leaders Look to Future
WASHINGTON — White House Supply Chain Envoy Stephen Lyons told attendees at the AAPA Legislative Summit that the nation’s transportation system was severely tested during recent years.
US Revises Down Last Quarter’s Economic Growth to 2.6% Rate
WASHINGTON — The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace.
The World’s Most Important Oil Price Is About to Change
The world’s most important oil price is about to be transformed, allowing crude supplies from West Texas to help determine the price of millions of barrels a day of petroleum transactions.
March 30, 2023BNSF Train Derailment in Minnesota Prompts Evacuations
A train hauling ethanol and corn syrup derailed and caught fire in Minnesota early March 30, and nearby residents were ordered to evacuate their homes, authorities said.
March 30, 2023How Government Incentives Drive Electric Truck Adoption
President Joe Biden has made proliferation of electric vehicles a focus of his administration, with the commercial transportation industry playing a key role.
DOT Focuses on Strategic Investments in Supply Chain
WASHINGTON — Department of Transportation leaders want to make strategic federal investments in infrastructure projects to increase supply chain resiliency and enhance the economy.