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.
November Class 8 Orders Stay Strong
North American Class 8 orders in November hit 33,000, far above the replacement level of 20,000 per month, but slipped compared with the past two strong months, ACT Research reported, citing truck makers’ preliminary data.
Coast Guard Faults Pilot in Chesapeake Bay Ship Grounding
A Coast Guard investigation into the grounding in March of a cargo ship in the Chesapeake Bay faulted the pilot tasked with helping the ship navigate the waterway.
Secretary Buttigieg Lauds Workers at UPS Worldport Hub
Transportation Secretary Pete Buttigieg hailed UPS Worldport workers in Louisville during a Kentucky stop where he rode with a truck driver and toured facilities.
Consumers Enjoy Tentative Relief as Supply Chains Unclog
The supply backlogs of the past two years — and the delays, shortages and outrageous prices that came with them — have improved dramatically since summer.
Tax Credits Kick in Jan. 1 for Alternative Fuel Infrastructure, Commercial EVs, Related Items
New tax credits for installing alternative fuel infrastructure or buying new commercial electric and fuel cell vehicles are available from the Internal Revenue Service starting Jan. 1.
District of Columbia Sues Amazon for ‘Stealing’ Delivery Driver Tips
The attorney general for Washington, D.C., is suing Amazon.com Inc., seeking civil penalties for allegedly misleading consumers who thought they were tipping delivery drivers but had the money diverted to cover the couriers’ base pay.
Uber Launches Robotaxis but Driverless Fleet Is ‘Long Time’ Away
Uber Technologies Inc. is launching its first robotaxi service, reaffirming the company’s commitment for a self-driving taxi fleet even as the hype around autonomous vehicles fades.
VW Tries to Fix Electric Shift With New SUV, Factory Revamp
Volkswagen AG is overhauling its main factory in Germany to make two additional battery cars as Europe’s biggest automaker tries to get its electric shift back on track.
Kodiak Robotics Wins Army Self-Driving Contract
Kodiak Robotics Inc., a self-driving technology company active in trucking, announced in a blog post this month that the Army and the Defense Innovation Unit selected it for a 24-month, $49.9 million agreement to adapt its self-driving platform, Kodiak Driver, for the Army’s robotic combat vehicle program.
Paccar Declares Extra Cash Dividend
Paccar Inc. announced it declared an extra cash dividend of $2.80 per share, payable on Jan. 5, 2023, to stockholders of record at the close of business on Dec. 16.
December 7, 2022