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, Breaking News

Federal Judge Strikes Down Rhode Island Truck Tolling Plan as Unconstitutional

A federal judge struck down as unconstitutional a truck tolling plan by the Rhode Island Department of Transportation that was challenged in a lawsuit by American Trucking Associations as specifically aimed at motor carriers traveling through the state.

Eric Miller | Senior Reporter
September 21, 2022
Government, Business

Fraud Charges Against Former Celadon Executives Dismissed

A fraud prosecution of two former executives of now-defunct Celadon Group Inc. that has lingered in the courts for nearly three years has been dismissed at the request of the U.S. government amid allegations of inaccurate statements by an FBI agent working on the case.

Eric Miller | Senior Reporter
September 21, 2022
Business, Fuel

Gasoline’s 98-Day Slide Ends With Modest Price Hike

Retail gasoline prices in the U.S. have posted their first increase — albeit very modestly — after a 98-day streak of declines, suggesting consumers won’t get much more relief at the pump. Prices now stand at $3.681 a gallon, according to auto club AAA.

Ilena Peng | Bloomberg News
September 21, 2022
Business, Technology, Equipment

Grote to Offer Digital Wiring Harness 4SEE

Grote Industries Inc. announced its new modular, digital wiring harness for trailers, 4SEE, which is slated to go into limited release in North America in the fourth quarter, with full release beginning in 2023.

Roger Gilroy | Senior Reporter
September 21, 2022
Business, Technology, Equipment, Fuel, TCA

Hertz to Order Up to 175,000 EVs From GM

The Hertz Corp. is planning to order up to 175,000 electric vehicles from General Motors Co. over the next five years for its rental fleet, the companies said Sept. 20.

Kalea Hall | The Detroit News
September 21, 2022
Business, Equipment

Record Ocean Shipping Costs Add to Auto Industry’s Supply Chain Woes

The car industry, already grappling with a shortage of semiconductors, is now seeing another source of supply chain concern: a lack of ships.

Alex Longley | Bloomberg News
September 21, 2022
Government, Business, Technology, Safety

NTSB Wants All New Vehicles to Check Drivers for Alcohol Use

DETROIT — The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving.

Tom Krisher | Associated Press
September 21, 2022
Business, Logistics

Amazon Air Cargo Flights Grow at Slower Pace

Amazon .com Inc.’s cargo airline is growing at the slowest pace since the start of the pandemic, the latest sign that the e-commerce giant is adjusting to slackening demand.

Matt Day | Bloomberg News
September 20, 2022
Government, Business, Logistics

Supply Chain Envoy Stephen Lyons Optimistic on Rail, Port Negotiations

CHICAGO — White House Supply Chain Envoy Stephen Lyons said Sept. 20 he believes the recently negotiated tentative agreement between the five Class I railroads and unions — representing 150,000 railroad locomotive engineers, conductors and railroad workers — will be ratified.

Dan Ronan | Senior Reporter
September 20, 2022
Business, Technology, Equipment, Fuel

Cummins Showcases Fuel Cell, Engine Innovations

HANOVER, Germany — Cummins CEO Jennifer Rumsey detailed a two-part strategy the company is following to achieve net-zero emissions from its product line built around zero-emission technologies and innovations to improve the performance of internal combustion engines.

Joe Howard | Executive Editor
September 20, 2022