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.
Louisiana Nabs $86.6 Million Loan for Highway Interchange
Louisiana has qualified for an $86.6 million loan from the U.S. Department of Transportation to fund an interchange at U.S. Highway 90 and Louisiana Highway 3073 as part of a future Interstate 49 South corridor project.
Lawmakers Tout Legislative Wins Ahead of Fall Agenda
Heading out of summer recess, congressional Democrats and senior White House officials are spotlighting a batch of legislative achievements in the run-up toward midterm elections this fall.
Average Used Class 8 Price Weakens Again in July
The average U.S. retail price of a used Class 8 vehicle in July inched past $90,000 to tower over the year-ago price, but it also dipped slightly from the month before to extend the market’s ongoing softening, ACT Research reported.
Stakeholders See Opportunity in IRA Clean Truck Measures
Trucking stakeholders see early potential for the industry in clean-air provisions included in the Inflation Reduction Act — mostly as it relates to boosting adoption of zero-emission trucks — but success hinges on how those aspects of the law are ultimately implemented.
Pennsylvania Explores Tolling Alternatives to Fund Bridge Fixes
With the proposal to toll nine major interstate bridges to pay for their replacement or rehabilitation now dead, a panel of Pennsylvania state senators set out to explore what happens next to address these costly but necessary transportation projects.
Truckload Sector’s Q2 Slowdown Not Nearly as Bad as Feared
The truckload sector reported a strong second quarter, but there were signs that nearly two years of robust freight activity may be starting to slow.
Many Ports Report Record Volume Numbers in July
Record-setting container volumes continued flowing through some of the nation’s major ports in July, while industry challenges compelled declines at other facilities.
August 25, 2022Biden Signs Order to Fast-Track CHIPS Law Implementation
President Joe Biden signed an executive order Aug. 25 to fast-track implementation of a law aimed at boosting domestic semiconductor manufacturing and helping the U.S. compete with China’s dominance in the industry.
EMA Drops Lawsuit Challenging CARB Rule
The Truck and Engine Manufacturers Association has withdrawn its lawsuit alleging that California environmental regulators did not give truck manufacturers enough lead time to meet the state’s new, more rigid emission standards.
Amazon Signs Hydrogen Deal With Plug to Cut Fossil Fuel Use
Amazon.com Inc. agreed to buy enough carbon-free hydrogen from Plug Power Inc. to run 30,000 forklifts or 800 longhaul trucks annually in a push to use less fossil fuels and decarbonize its operations. Plug’s shares surged.