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.
Savannah Port Terminal to Get $410 Million Upgrade Amid Big Growth
The Port of Savannah plans a $410 million overhaul of one of its sprawling terminals to make room for loading and unloading larger ships while focusing its business almost exclusively on cargo shipped in containers.
New Programs, Resources Emerge to Help Communities Plan for EVs
The accelerated and extensive build-out of electric vehicle charging infrastructure is prompting fresh conversations about their placement and the need for city-level resources.
DHL Signs Deal With Ford to Add 2,000 Electric Delivery Vans
Deutsche Post DHL Group will add 2,000 electric delivery vans to its global fleet as part of an agreement forged with Ford Pro, the companies announced Dec. 5.
December 5, 2022California Lawmakers Eye Big Oil’s High Gas Prices
SACRAMENTO, Calif. — Furious about oil companies’ supersized profits after a summer of record-high gas prices, California Gov. Gavin Newsom on Dec. 5 will formally start his campaign to punish big producers by asking the Legislature to fine them and give the money back to drivers.
Tesla to Cut Output of EVs at Shanghai Factory
Tesla Inc. plans to lower production at its Shanghai factory, according to people familiar with the matter, in the latest sign demand in China isn’t meeting expectations.
December 5, 2022Guide From AASHTO, Other Groups Helps States Develop EV Infrastructure
A short guide to help state agencies collaborate in creating electric vehicle infrastructure has been published by a group of key national transportation, electric utility and energy groups.
Michigan’s Gas Tax Will Increase in 2023
Michigan’s gas tax is going up 1.4 cents per gallon starting Jan. 1, thanks to an automatic adjustment written into state law.
Hiring and Wages Extend Strong Gains, Keeping Pressure on Fed
Employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.
Uber Freight, Aurora, Veritiv Partner in Texas AV Pilot
Uber Freight and self-driving technology developer Aurora Innovation Inc. announced they are deepening their existing partnership in Texas by autonomously hauling freight between Dallas-Fort Worth and El Paso for packing solutions distributor Veritiv Corp.
December 2, 2022Mexico Tells US It Wants to Keep Talking on Trade Disputes
MEXICO CITY — Mexico’s economy secretary on Dec. 1 proposed yet another round of talks with the United States on a dispute over Mexico’s energy sector.
December 2, 2022