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.
States Get Final OK to Build Highway EV Charging Network
WASHINGTON — All 50 states received final approval Sept. 27 to begin construction on a first nationwide network of electric vehicle charging stations that places one roughly every 50 miles along interstate highways, part of the Biden administration’s plan to spur widespread adoption of zero-emission cars.
Hydrogen Startup Cemvita Sees Boost From New Tax Credits
Cemvita Factory Inc., a Houston-based biotech company backed by Occidental Petroleum Corp., says tax credits passed by Congress last month will allow it scale up plans to produce hydrogen using oil-eating microbes.
Daimler Eyes Future Collaborations on Diesel Engines
HANOVER, Germany — Industry partnerships for production of diesel engines are a potential next step for manufacturers spreading resources across rapidly evolving alternative power sources, and an announcement on such an initiative could arrive sooner rather than later, Daimler Truck executives said during the IAA Transportation 2022 conference.
MSC Launches Air Cargo Business
Mediterranean Shipping Co., the world’s largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid for Italy’s flag-carrier airline.
Multiple Efforts Underway to Mainstream Hydrogen Fuel
The U.S. Department of Energy, the private sector and a new national nonprofit have stepped up their respective efforts recently to bring hydrogen forward as a mainstream fuel for trucking, among other industrial uses.
FMCSA Seeks Input on CDL Third-Party Training, Testing Programs
Expressing concern over commercial driver license issuance delays and possible fraud, regulators are seeking comment on the effectiveness of third-party training and testing programs.
Seven States Form Midwest Hydrogen Coalition
To better position the use of advanced energy in the nation’s heartland, governors of seven states have formed the Midwest Hydrogen Coalition to spur creation of a robust hydrogen market, supply chain and workforce.
Hurricane Ian on Path to Strike Florida as Category 4
Hurricane Ian was growing stronger as it approached the western tip of Cuba on a track to hit the west coast of Florida as a major hurricane as early as Sept. 28. Gov. Ron DeSantis declared a statewide emergency and waived certain hours-of-service rules.
New Mexico to be Part of ‘Clean Freight Corridor’
Longhaul truckers could soon power up their 18-wheelers with New Mexico-made hydrogen delivered through a vast fueling network stretching from the Port of Los Angeles to West Texas.
USPS Prices Going Up for Holiday Season
It’ll cost more to mail letters and packages this holiday season. Starting Oct. 2, the U.S. Postal Service is increasing its rates for both commercial and retail products.