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.
Cummins Supplies Most Class 8 Engines in First Half
In the first half of 2022 independent engine maker Cummins Inc. supplied a leading 47,713 Class 8 diesel engines, or 35.5% of the 134,373 used, Wards Intelligence reported.
Lightning eMotors Sees Specialty CEVs as Next Frontier
Medium-duty electric commercial vehicles from box trucks to specialty applications are anticipated to play a large role as regulators and businesses turn to axing greenhouse gas and carbon emissions in the years ahead.
Oregon Eyes Tolling Portland Region’s Interstates
Oregon is asking for public input on a congestion pricing plan to impose tolls on all lanes of Portland’s two interstates that would result in commercial trucks paying higher rates than passenger vehicles.
STB Says ‘Train Noise’ Would Be Only Negative Impact of CP-KCS Merger
The Surface Transportation Board’s Office of Environmental Analysis determined the only potential adverse impacts of Canadian Pacific’s proposed merger with Kansas City Southern would be train noise, according to the STB’s Draft Environmental Impact Statement released Aug. 5.
XPO Posts Strong Q2 Earnings Amid Upcoming Leadership Change
XPO Logistics Inc. on Aug. 4 reported record revenue and net income for the second quarter, part of a busy week for the Greenwich, Conn.-based company.
Nikola Reports $18.1 Million Revenue
Nikola Corp. reported its first meaningful revenue and said it’s on track to deliver as many as 500 electric big rigs to customers this year.
CVG Q2 Results Slide
Diversified supplier Commercial Vehicle Group Inc. reported second-quarter net income and revenue fell, and new pricing began in July.
NHTSA Probes Tesla Crashes That Killed Two Motorcyclists
DETROIT — Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles.
Labor Chief Sees No Sign of Strike, Lockout in West Coast Port Talks
Labor Secretary Marty Walsh said he sees no signs of a strike or a lockout looming in the contract negotiations between dockworkers and employers at some of the nation’s most important ports, even as talks continue without a contract.
Democrats Say They’ve Reached Agreement on Economic Package
WASHINGTON — Senate Democrats have agreed to eleventh-hour changes to their marquee economic legislation, they announced late Aug. 4, clearing the major impediment to pushing one of President Joe Biden’s paramount election-year priorities through the chamber in coming days.