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.
Pennsylvania Experts, Lawmakers Ponder AV Safety Regulations
When it comes to autonomous vehicles, there isn’t just one way to go about safety. State regulators draft legislation. Independent firms create recommendations. Individual companies devise their own protocols. Stakeholders can agree on one thing: Safety is important.
US Class 8 Retail Sales in July Present Mixed Picture
Class 8 U.S. retail sales in July rose 21.9% higher compared with a year earlier but stalled when measured against the past four months, Wards Intelligence reported. All truck makers but one reported gains.
Perspective: Taking Industry Action on AB 5
The Transportation Intermediaries Association was extremely disappointed that the Supreme Court elected not to hear California Trucking Association's challenge to the Ninth Circuit ruling.
Congress Eyes Finish Line for Freight-Centric Budget Bill
Debate on a multibillion-dollar budget bill targeting supply chain connectivity concerns, clean energy initiatives and economic incentives remains front-and-center on Capitol Hill.
Rivian Leads EV Slump After Investors Shun Money Losers
Even a breakthrough U.S. climate bill designed to encourage sales of electric cars has failed to revive investor interest in Rivian Automotive Inc., as the risk-hungry traders who catapulted its shares to dizzying heights last year shun companies for whom profitability is still years away.
Gas Prices Dip Just Below $4 for First Time in 5 Months
Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials.
August 11, 2022Daimler Truck Shrugs Off Supply Chain Issues With Rising Sales
Daimler Truck Holding AG overcame supply chain headwinds to increase unit sales during the second quarter of 2022, the company reported Aug. 11.
US House Lawmakers Unveil AV Caucus
Two House lawmakers formed a group to promote autonomous vehicle policies on Capitol Hill. Their aim is to generate support from colleagues for comprehensive legislation targeting the technology.
Inflation Slows From 40-Year Peak, but Remains High
WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June.
Hyliion Reports Increased Interests in Powertrain for Q2
Hyliion Holdings Corp. continued to build up orders for its premier electric powertrain system during the second quarter of 2022, the company reported Aug. 9.
August 10, 2022