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.
Logistics Managers’ Gauge Rises for First Time Since March
Supply chain activity in the U.S. picked up for the first time since March, buoyed by elevated inventories even as transportation costs slid for a sixth straight month.
Nikola Founder Trevor Milton Won’t Testify in Fraud Trial
Nikola Corp. founder Trevor Milton said he wouldn’t take the witness stand in his criminal fraud trial, as the defense prepares to rest its case.
J.B. Hunt Expands Transloading Services With Two More Locations
J.B. Hunt Transport Services Inc. is expanding its transload strategy with new operations in Tacoma, Wash., and Laredo, Texas, the company announced Oct. 3.
October 3, 2022VTNA Explores Ins, Outs of EV Truck Ownership
DUBLIN, Va. — Executives from Volvo Trucks North America detailed a comprehensive approach to help address fleet concerns about incorporating electric trucks into their operations during a recent media event.
Waymo, C.H. Robinson Driverless Trucks Haul Beer to Houston From Dallas
Waymo, Alphabet Inc.’s driverless-vehicle unit, said it has carted in excess of 1 million pounds of Modelo and Corona beer over 220 miles a day to Houston from Dallas under a pilot program with C.H. Robinson for Constellation Brands Inc.
Diesel Sheds 5.3¢ to Reach $4.836 a Gallon
The national average price for diesel fell another 5.3 cents Oct. 3 to reach $4.836 a gallon, according to the Energy Information Administration.
New Yokohama Drive Tire Now Available in US
Yokohama Tire announced its new 716U ultra-wide-base weight-savings drive tire now is available in the U.S. in size 455/55R225.
October 3, 2022Werner Acquires Truckload Carrier Baylor Trucking
Werner Enterprises Inc. said it is acquiring Baylor Trucking, a move that expands its truckload operations.
BNSF Plans $1.5 Billion Rail Facility to Relieve California Port Congestion
With a threatened railroad strike in the rearview mirror, BNSF Railway is hauling out a $1.5 billion plan for a new rail facility in Southern California that it says will relieve congestion around the critical ports of Los Angeles and Long Beach.
EV Makers Urged to Partner With Miners to Secure Key Metals
A key lithium producer in Australia, the world’s top supplier, is urging electric car manufacturers and battery makers to become its partners in new refinery projects, arguing their direct financial backing is vital to avoid shortfalls of the material that’s crucial to the clean energy transition.