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.
PennDOT Contest Challenges Teens to Solve Truck Parking
Pennsylvania high school students are trying to crack the truck parking puzzle in the state department of transportation’s annual Innovations Challenge contest.
Manchin Bill Would Delay Tax Credits for Electric Vehicles
WASHINGTON — Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.
Marten Transport Reports 16th Consecutive Profitable Quarter
Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.
CARB Proposes Exemptions for Transitions to Electric Trucks
The California Air Resources Board is making plans to modify its proposed Advanced Clean Fleets regulation to address possible electric charging infrastructure delays and unavailability of models of zero-emission trucks.
Ports Post Strong Volume for 2022 Despite December Drop-Off
Despite a significant slowdown in the second half of 2022, two major West Coast ports approached the record-setting pace they had in 2021.
January 25, 2023RJW Logistics Group Brings Shipping Hub, Jobs to Mesquite, Texas
A new Mesquite, Texas, business park has landed a major tenant, RJW Logistics Group, bringing more than 200 jobs.
Drop in Global Shipping Costs Signals Cooling Inflation, Experts Say
The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp drop in maritime-freight expenses since peaking last year will contribute to an easing in price pressures.
Truck Tonnage Rises 3.8% in 2022
Truck tonnage rose 3.8% in 2022 compared with 2021, posting the highest year-over-year gain in four years despite modest December results, American Trucking Associations reported.
Tesla Invests $3.6 Billion in Nevada Factories for Batteries, Trucks
Tesla Inc. is investing $3.6 billion in two new factories to build electric vehicle batteries and its all-electric Semi heavy-duty truck near an existing production site in Reno, Nev.
Union Pacific Profit Disappoints After Costly Winter Storms
Union Pacific Corp. reported fourth-quarter profit that missed analysts’ estimates as disruptions from winter storms drove up costs.