Business

About Business News...

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.

Business, Technology, Equipment

TuSimple, Navistar End Agreement to Co-Develop Autonomous Trucks

Self-driving truck technology company TuSimple Holdings Inc. and truck maker Navistar, the parent of the International brand, announced an end to their co-development of autonomous trucks.

December 6, 2022
Business, TCA

All States Transport Never Forgets Toy for Joy

Massachusetts-based All States Transport this year bolstered Toy for Joy with a generous $7,500 donation.

Ron Chimelis | The Republican, Springfield, Mass.
December 6, 2022
Business, Technology, Equipment, Autonomous

Apple Scales Back Self-Driving Car, Delays Debut Until 2026

Apple Inc. has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car’s target launch date by about a year to 2026, according to people with knowledge of the matter.

Mark Gurman | Bloomberg News
December 6, 2022
Government, Business

Trade Deficit Widens on Greater Imports, Drop in Exports

The U.S. trade deficit widened for a second month in October, as the value of imports increased and exports declined, which may weigh on economic growth in the fourth quarter.

Augusta Saraiva | Bloomberg News
December 6, 2022
Government, Business, Technology, Equipment

Rising Battery Prices Threaten to Derail the Arrival of Affordable EVs

The trend of falling battery prices has ground to a halt this year, with BloombergNEF’s annual lithium-ion battery price survey showing a 7% increase in average pack prices in 2022 in real terms.

Colin McKerracher | Bloomberg News
December 6, 2022
Government, Business, Fuel

California’s Newsom Proposes Fines on Oil Companies

California could become the first state to fine big oil companies for making too much money, a reaction to the industry’s supersized profits following a summer of record-high gas prices in the nation’s most populous state.

Adam Beam and Sophie Austin | Associated Press
December 6, 2022
Government, Business, Technology, Fuel

ATRI Study Takes Hard Look at BEV Infrastructure Requirements

A new study from the American Transportation Research Institute that assessed the infrastructure needs for converting the U.S. vehicle fleet to battery electric — with an emphasis on trucking — underscored that the challenges inherent in such a shift will reverberate far and wide.

Roger Gilroy | Senior Reporter
December 6, 2022
Government, Business, Logistics

FMCSA Denies Livestock Haulers HOS Exemption

Federal trucking regulators have denied a joint application request for an exemption that would allow truckers transporting livestock, insects and aquatic animals to drive a total of 15 hours during the 16-hour period following 10 consecutive hours off duty.

Eric Miller | Senior Reporter
December 6, 2022
Government, Business, Technology, Fuel

Hawaii DOT Advocates Road Usage Tax for EVs

Hawaii transportation officials advocate a road usage tax starting with .8 cent per mile for electric vehicles to address shortfalls in traditional gas tax revenue arising from more green vehicles on roads.

Noël Fletcher | Staff Reporter
December 5, 2022
Business, Technology, Equipment, Safety

Detection Systems Prove Helpful as Fleets Combat Growing Driver Distraction Issue

The familiar expression about being driven to distraction acquires new layers of meaning for fleet safety managers and technology providers intent on tackling the challenge of distracted driving.

Stephen Bennett | Special to Transport Topics
December 5, 2022