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.
New York Extends Length of Commercial Driver Learner's Permits
New York has extended the validity for its commercial learner permit from six months to a year to help offset a shortage of commercial drivers.
RoadOne Acquires Intermodal Service Provider
RoadOne IntermodaLogistics announced the acquisition of The Transporter Inc., a regional intermodal service provider with office locations in Houston, Dallas and Laredo, Texas.
January 17, 2023Heavy-Duty Electric Truck ‘Subscriptions’ Could Clean Up Pollution
Change to the hidden health and climate cost of consumer goods carried by tens of thousands of drayage trucks is coming in the form of more widely-accessible electric alternatives.
Tesla Cuts Vehicle Prices in Bid to Boost Flagging Demand
DETROIT — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Jan. 13 on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest.
IIJA Implementation Is Ongoing Process, DOT Official Says
WASHINGTON — Distributing funding as part of the implementation of a $1.2 trillion infrastructure law is an ongoing process capable of assisting stakeholders over the coming years.
Can Heavy Electric Trucks Be Deployed Industrywide by 2045?
WASHINGTON — Successful electrification of heavy trucks will require motor carriers to coordinate driver rest periods with charging their trucks, a potential obstacle that could increase carrier operational costs and result in delivery delays.
Amazon Leads Rebound in Battered Tech as Traders Reload on Risk
Amazon .com Inc. was among the biggest contributors to the Nasdaq 100 Index’s 4.5% gain for the week ending Jan. 13 as the market regains its appetite for risk.
Nikola to Shift Battery Manufacturing to Arizona
Nikola Corp. announced it is moving its battery manufacturing to its Coolidge, Ariz., manufacturing facility from Cypress, Calif.
January 13, 2023Stellantis Secures Manganese Sulfate Supply for EV Batteries
The maker of Jeep SUVs, Ram pickup trucks and other vehicles on Jan. 9 said it has secured a supply of high-purity manganese sulfate monohydrate for electric vehicle batteries.
December Class 8 Sales Reach All-Time High
U.S. Class 8 retail sales in December reached an all-time monthly high, Wards Intelligence reported.