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.
Cenntro Unveils Two New Electric Vehicles
Cenntro Electric Group Limited alongside its subsidiary Cenntro Automotive Europe GmbH unveiled two all-electric commercial vehicles Sept. 19.
September 22, 2022FedEx Cost Cuts Aim to Save $2.7 Billion
FedEx Corp. expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions.
Nikola Pickup Had No Nikola Parts, GM Engineer Testifies
Nikola Corp. founder Trevor Milton wasn’t truthful when he claimed his company was responsible for most of the components in a planned pickup truck General Motors Co. was to build for the electric vehicle maker, a GM engineer testified.
Mack Aims to Gain Users for Command Steer Option
EASTON, Pa. — Mack Trucks offers 3,000 or so colors to choose from on a new truck, company representatives said, highlighting how its customers can be exceedingly particular about what they spec on their trucks. Command Steer, a recent variable steering option the truck maker hopes to build interest in, is one of those specs.
Movers Coalition Visits Washington to Raise Awareness, Expand Network
American Trucking Associations’ Moving & Storage Conference highlighted combating fraudulent “rogue” operators and promoting better economic conditions during its recent advocacy meeting in Washington.
August Trailer Orders Reflect Complicated Market
U.S. trailer orders in August jumped compared with a year earlier, but were still tepid at 17,700, the third-lowest this year and barely up from July’s total, ACT Research reported, citing trailer makers’ preliminary numbers.
IIJA Rollout Prompts Partisan Views at Senate Committee
The Republican leader on the Senate highway policy panel took aim at funding guidance from the U.S. Department of Transportation as Democrats continue to tout the distribution of grants from the $1 trillion infrastructure law.
Amtrak Aims for Net-Zero Greenhouse Gas Emissions by 2045
Amtrak plans to achieve net-zero greenhouse gas emissions across the network by 2045, the rail company announced Sept. 22, marking the latest move to address its commitment to reduce carbon footprints.
Gulf, East Coast Port Volume Rises; West Coast Activity Lags
Container volumes at West Coast ports are beginning to moderate but remain at a strong pace, while facilities on the Gulf and East coasts are seeing increases.
California Seeks to Ban Sales of Diesel Big Rigs by 2040
Saying they had a “moral obligation,” California regulators could soon ban the sale of diesel big rigs by 2040.