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.

Government, Business, Equipment, Logistics, Global Freight

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.

Russ Bynum | Associated Press
December 5, 2022
Government, Business, Technology, Equipment, TCA

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.

Skip Descant | Government Technology
December 5, 2022
Business, Technology, Equipment, Logistics

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, 2022
Government, Business, Fuel

California 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.

Adam Beam | Associated Press
December 5, 2022
Business, Equipment, Fuel

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, 2022
Government, Business, Technology, Equipment, Fuel

Guide 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.

Noël Fletcher | Staff Reporter
December 2, 2022
Government, Business, Fuel, TCA

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.

Taylor DesOrmeau | MLive.com (Walker, Mich.)
December 2, 2022
Government, Business

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.

Reade Pickert | Bloomberg News
December 2, 2022
Business, Technology, Logistics, Autonomous

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, 2022
Government, Business

Mexico 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