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.
Class 8s With Fuel Cells Prove Mettle in Los Angeles-Area Test
Toyota Motor North America and Kenworth Truck Co., a unit of Paccar Inc., announced Class 8 fuel cell-electric vehicles are a potential zero-emission replacement for diesel-powered trucks.
September 23, 2022GM Spending $760 Million to Convert Toledo Factory to Make EV Parts
General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drivelines for electric vehicles.
September 23, 2022Oil Falls Below $80 En Route to Biggest Run of Weekly Losses This Year
Oil headed for the longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic growth.
Pony.ai to Test Autonomous Vehicles in Arizona
TUCSON, Ariz. — Pony.ai, a developer of self-driving cars based in China and Silicon Valley, will begin testing its autonomous vehicles in Tucson, with trained safety drivers behind the wheel, in a partnership with Pima Community College.
Nikola Takes Next Steps to Expand Global Operations
HANOVER, Germany — Nikola Corp. unveiled a prototype of a European-spec fuel cell-powered Nikola Tre Class 8 model and also announced that it is taking orders for the battery-electric version in the region.
Tesla Recalls 1 Million Cars Over Window Problem
Tesla was forced to recall more than 1 million electric cars in the United States over windows that could pinch occupants as they’re being rolled up.
Perspective: Truckers Are Undeniably Essential
The term “essential” came into sharp focus during the pandemic, ATA President Chris Spear notes. The urgency of the moment forced Americans to recognize the many hands at work that keep our society going. There was an outpouring of gratitude for our nation’s truck drivers, rightfully so, as they persevered through adversity to keep stores stocked and hospitals supplied.
Business Activity Gauge Improves, but Still Shows Contraction
U.S. business activity contracted in September for a third straight month, though at a more moderate pace as a pickup in orders and a further softening of inflation allayed concerns of a more-pronounced pullback.
Inflation Reduction Act Sparks Interest in Battery Industry
Battery upstarts are salivating over elements in the Inflation Reduction Act, particularly the tax credits for manufacturing components in the U.S.
Ford Breaks Ground on $5.6 Billion Complex for EVs, Batteries
Ford Motor Co. has begun construction of its $5.6 billion electric vehicle manufacturing complex in western Tennessee, the largest factory project in the automaker’s 119-year history.