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.
Locomation to Begin Runs With Oklahoma Carrier
Autonomous truck developer Locomation announced an eight-year agreement with El Reno, Okla.-based Stevens Trucking Co. to provide the carrier with its human-guided Level 2 autonomous relay convoy turnkey system.
FMCSA Releases Draft Medical Examiners Handbook
It’s been seven years in the making, but the Federal Motor Carriers Safety Administration has released a draft copy of the Medical Examiners Handbook that offers revised guidance to help examiners ensure that truck drivers are in good health.
Autonomous Truck Firm Gatik to Begin Deliveries in Dallas
Gatik, a California-based autonomous trucking company, will begin a Dallas route in partnership with century-old business equipment firm Pitney Bowes.
Toyota Invests in EV Battery Production in US, Japan
TOKYO — Toyota is investing $5.6 billion in Japan and the U.S. to boost production of batteries for electric vehicles, the Japanese automaker said Aug. 31.
EV Makers Lucid, Nikola Plan for Stock Sales
It was probably a case of now or never for the latest pair of electric vehicle makers to announce fundraising plans as they burn through cash.
Nikola Announces Leadership Changes, Moves Ahead With Acquisition of Romeo Power
Nikola Corp. made announcements regarding leadership changes and its proceeding with acquiring an energy-storage technology company.
Florida Launches Alert System for Work Zones, Lane Closures
Truckers and others driving through Florida have a new alert system for lane closures with real-time updates from work zones along interstates and state roads that’s being billed as the first of its kind in North America.
Colonial Freight to Close after Nearly 80 Years
After running and owning a trucking company since 1943, the McBride family says it’s time to close the business.
Wabash Adds Two Large Dealers in East
Wabash announced it added two large dealers to its North American dealer network: Bergey’s Truck Centers and Allegiance Trucks.
August 30, 2022Port of Port Arthur Plans for $20 Million Expansion in 2023-24
Port of Port Arthur, Texas, will receive $13.6 million in a federal USDOT grant that port officials say will significantly upgrade the East Texas facility during the next year.