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.
Truckers’ AB 5 Protest Fueled by Lack of Clarity
Protests over California's AB 5 law could have a dramatic impact on the ports of Los Angeles, Long Beach and Oakland, where more than 70% of truckers are owner-operators.
ATA Praises Biden’s Executive Order During Rail Negotiations
American Trucking Associations touted the Biden White House’s recent directive to assist with ongoing freight rail workforce negotiations.
GM’s Mary Barra Stands By Ambitious EV Pledge
NEW YORK — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.
Supply Chains Inching Back to Normal, Brace for Headwinds of Softer Demand
Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name his band’s next road trip after a different villain. That’s because supply strains, while still afflicting many consumers and businesses, are becoming more mundane.
Tesla’s Chinese Battery Maker Scopes Out Sites in Mexico
China’s Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric vehicles, is considering at least two locations in Mexico for a manufacturing plant to potentially supply Tesla Inc. and Ford Motor Co.
July 18, 2022White House Expects More Saudi Oil After Biden’s Mideast Trip
The White House said it expects further oil supply increases from Saudi Arabia after President Joe Biden met with the kingdom’s rulers.
Biden Blocks Freight Rail Strike, Appoints Arbitrators
OMAHA, Neb. — President Joe Biden on July 15 blocked a freight railroad strike that would disrupt shipments of all kinds of goods for at least 60 days by naming a board of arbitrators to intervene in the contract dispute.
The World Can’t Get Enough of US Diesel as Exports Surge
The U.S. is exporting diesel at the fastest ever rate as the global market’s thirst for fuel remains insatiable.
TravelCenters of America Hosts St. Christopher Truckers Relief Campaign
TravelCenters of America Inc. is raising money for truck drivers who are out of work due to a illness or injury, the company announced June 29.
July 15, 2022Cruise Faces Scrutiny After Snafus
General Motors Co.-backed self-driving startup Cruise is facing scrutiny from U.S. regulators and its own board of directors after a pair of on-road incidents raised questions about how ready the company is to expand its services.