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.
Biden Administration Pledges $2B to Reinforce Electric Grid
The funding for 32 projects is being made available through the Energy Department and will span 42 states. Investments will include utilities damaged by hurricanes Helene and Milton.
October 18, 2024Tesla’s Full Self-Driving Under Investigation by NHTSA
NHTSA said Oct. 18 it will assess whether Tesla’s system, also known as FSD, has the ability to detect and appropriately respond to fog and other reduced visibility conditions.
Housing Starts Fall as Multifamily Projects Tumble
Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Oct. 18, after a big rebound in construction in August.
Presidential Race Is Too Close to Call, Karl Rove Says
NASHVILLE, Tenn. — This presidential election is a once-in-a-generation contest that will be decided over key policy issues, political strategist Karl Rove told trucking executives.
Oklahoma Woman Wins the Last Peterbilt Model 389x Built
NASHVILLE, Tenn. — An Oklahoma woman won Rush Truck Centers’ sweepstakes to give away the last Peterbilt Model 389x produced.
Northvolt Close to $300M Deal to Address Cash Flow Issues
A combination of shareholders, lenders and customers are participating in the bridge funding, and the instruments vary among these groups, a source said.
EV Manufacturer Revoy Unveils Ryder as First Customer
Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.
Ports of Indiana Announces Expansion and New Partnership
JEFFERSONVILLE, Ind. — Ports of Indiana, in partnership with Superior River Terminals Indiana, has launched “Indiana River and Rail Terminals,” the largest general cargo operation on the Ohio River.
Meijer, Ohio Trucking, DDC Win Awards for Industry Advocacy
NASHVILLE, Tenn. — The Mike Russell Trucking Image Award is given annually to those that demonstrate the industry’s essential nature, professionalism and commitment to safety.
LNG Tanker Glut Is Softening Blow for Consumers
Ships that carry LNG are being built faster than new supplies of the fuel can come to market, helping to lower transport costs and cushioning consumers from paying more for energy this winter.