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.
AutoNation Expects Used-Car Price Drop as Volumes Recover
AutoNation Inc., one of the biggest car dealership chains in the U.S., expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers.
Ford Halts Production of Electric F-150 After Battery Fire
DEARBORN, Mich. — Ford Motor Co. has suspended production and halted shipments of the F-150 Lightning electric pickup after a battery caught fire during a pre-delivery quality check.
February 16, 2023Tesla Recalls More Than 362,000 Cars Due to Self-Driving Crash Risk
Tesla Inc. is recalling 362,758 vehicles due to a crash risk associated with its so-called Full Self-Driving Beta software, according to U.S. authorities.
GOP Senators Target EPA Heavy-Duty Truck Rule
Senior Republicans are proposing to overturn federal emissions standards targeting heavy-duty commercial vehicles.
Oil Giant BP Acquires TravelCenters of America
TravelCenters of America is being acquired by BP Products North America in a $1.3 billion deal announced Feb. 16.
DOE Funds Plans for EV Charging, Hydrogen Fueling on Freight Corridors
Projects that aim to accelerate adoption of electric and fuel cell-powered medium- and heavy-duty trucks along freight corridors in 23 states are earmarked to receive $7.4 million in funding from the U.S. Department of Energy.
Pitt Ohio Makes Minority Investment in Aria Logistics
Pitt Ohio Transportation Group has made a minority investment in residential delivery provider Aria Logistics, the company announced Feb. 13.
February 16, 2023Port of Baltimore Readies for More Freight From ZIM
Trucking efficiency improvements are underway at the Port of Baltimore as ZIM Integrated Shipping Services Ltd. prepares to soon double its e-commerce service there with larger container vessels.
ATA’s Chris Spear Presses Excise Tax Repeal at Senate Hearing
WASHINGTON — Federal policymakers seeking to modernize freight industry vehicles should revisit efforts to repeal a long-standing excise tax on new trucks, the leader of American Trucking Associations told a Senate committee Feb. 15.
Federal Judge Sentences Four Involved in Staged New Orleans Crashes
Four more individuals have been sentenced for their role in staged crashes with tractor-trailers in the New Orleans area.