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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.