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.
Senators Spotlight Veterans in New CDL Bill
Legislation designed to guarantee approval of veterans benefits without delay at certain commercial driving schools was recently introduced in the U.S. Senate.
Truck Tonnage in August Surges 7.4% Year-Over-Year
Truck tonnage in August surged 7.4% when measured against the same month a year ago, and on a sequential basis it rose 2.8% from July, according to American Trucking Associations.
Nikola Execs Threatened to Quit If Trevor Milton Didn’t Step Down
Three top Nikola Corp. executives threatened to resign in 2020 if the electric vehicle maker’s founder, Trevor Milton, didn’t step down as executive chairman, according to a filing in the federal fraud case against him.
Fisker, Wallbox Partner on EV Charging Stations
Electric vehicle maker Fisker Inc. on Sept. 20 named electric vehicle and energy management solutions provider Wallbox its global partner for home EV charging solutions.
September 20, 2022Amazon Signs Deal to Bring Low-Carbon Fuels to Trucking Fleet
SEATTLE — Amazon .com Inc. signed an agreement with renewable fuels technology company Infinium on Sept. 20 to begin powering its transport vehicles with ultra-low carbon electrofuels starting in 2023.
Parts Shortage Forces Ford to Cut Its Q3 Earnings Forecast
DEARBORN, Mich. — A parts shortage that has thousands of Ford’s most-profitable vehicles sitting on lots waiting to be fully assembled has forced the automaker to slash its third-quarter earnings forecast.
September 20, 2022Daum Stresses Green Technology, Collaboration
HANOVER, Germany — Daimler Truck CEO Martin Daum said his company is pursuing a clean-energy strategy built around electric and fuel cell technology, setting aside natural gas as a component of the plan.
California Ports Face Calls to Go Green After ‘Unmitigated Growth’
After years of “unmitigated growth,” the nation’s busiest port complex is facing calls to lower its carbon footprint from Southern California communities plagued by the health and environmental impacts, said Long Beach Mayor Robert Garcia.
Batteries Battle Fuel Cells for Top Spot for Electric Trucks
Nikola President Michael Lohscheller was beaming when he unveiled the U.S. startup’s fuel cell truck for the European market at the region’s biggest commercial vehicle show this week.
Winter in Europe Looms as Next Challenge for Energy Availability
CHICAGO — Two former White House officials say the world’s supply chain has experienced unprecedented disruption the last 2½ years because of the COVID-19 pandemic.