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.
Ford CEO Says Next Electric Pickup Truck Will Drive Itself
Ford Motor Co. plans to make driver-assistance features central to the next electric F-Series pickup — so much so that you might be able to take a snooze at 60 mph.
Georgia Senate Backs Higher Truck Weights
The Georgia state Senate on March 23 approved a measure that would temporarily allow vehicles carrying forestry and agricultural products to weigh up to 88,000 pounds on Georgia roads.
Geely’s Farizon Auto to Seek Cash Before IPO
Farizon Auto, Zhejiang Geely Holding Group Co.’s new energy commercial vehicle brand, is considering raising as much as $300 million in fresh funds ahead of a potential U.S. initial public offering, according to people familiar with the matter.
Ford: Tennessee EV Plant Could Make 500,000 Trucks a Year
Ford Motor Co. projects its electric F-Series pickup factory under construction in Tennessee will ultimately produce half a million trucks a year, about 40% more than the company forecast in November.
Walmart Cuts Staffing Levels at Some E-Commerce Warehouses
Walmart Inc. is cutting staffing levels at some e-commerce fulfillment centers in the U.S. as the nation’s largest private-sector employer steps up investment in automation.
Buttigieg Defends FY24 Budget on Capitol Hill
The safety and connectivity of the transportation system would improve with adoption of President Joe Biden’s fiscal 2024 budget request, Secretary Pete Buttigieg told senators March 23.
US Transborder Truck Freight Jumps 13% in January
North American transborder truck freight in January jumped nearly 13% year-over-year, according to Bureau of Transportation Statistics figures released March 22.
Congressional Democrats Push Back on GOP’s Energy Agenda
As House Republicans prepare to consider a comprehensive energy proposal, the leader of the U.S. Senate insisted that the legislative package would not advance to the president’s desk.
Canada, IBM to Announce Chips Pact Amid Biden-Trudeau Visit
Canada and International Business Machines Corp. will announce a high-level agreement on expanding semiconductor cooperation on March 24, during President Joe Biden’s visit to Ottawa.
New Trucking Coalition Focuses on Clean Energy
A broad-based group representing motor carriers, truck manufacturers and truck dealers has launched a coalition intended to serve as a voice for key trucking industry stakeholders.