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.
Ocean Shipping Reform Act Won’t Benefit Port of Vancouver
Consumers and exporters saw financial turmoil from tumultuous international shipping practices in the past year. But the Port of Vancouver was not impacted like other harbors were.
Transportation Software Sector Sees M&A Rise
Technology-focused companies supporting the trucking and logistics sector have experienced a rise in merger and acquisition activity.
Stakeholders, Senior Lawmakers Oppose Gas Tax Holiday
Prominent transportation stakeholders and key congressional lawmakers pushed back on President Joe Biden’s call to temporarily suspend the federal gas tax.
US Ports Face Renewed Congestion Amid China Reopening
As China lifts its latest coronavirus lockdowns, experts worry the resulting influx of goods flowing from the country could renew bottlenecks at ports in the United States.
Gas Tax Holiday Would Increase Prices, Hess CEO Says
President Joe Biden’s plan to suspend the federal gasoline tax would only make things worse for U.S. drivers, one industry CEO said ahead of a meeting in Washington between oil executives and administration officials.
Electric Vehicle Working Group Seeks Members by July 15
Nominations of truckers, local officials, regulators, labor union members and vehicle manufacturers are being sought by July 15 to serve on a new electric vehicle federal advisory group under the Joint Office of Energy and Transportation.
CATL Unveils EV Battery With Longer Range
Contemporary Amperex Technology Co. Ltd. unveiled an electric car battery it said has a range of over 620 miles (1,000 kilometers) on a single charge and is 13% more powerful than one planned by Tesla Inc., a major customer.
Einride Gets NHTSA Approval to Test Driverless Pods on US Roads
Electric truck maker Einride AB has received approvals to test its driverless vehicle on public roads in the U.S., paving the way for the company to conduct a pilot with partner GE Appliances.
NHTSA Reports ADS, ADAS 12-Month Crash Data
The National Highway Traffic Safety Administration, for the first time, collected and analyzed data on crashes involving vehicles using SAE Level 2 advanced driver assistance systems, and separately, SAE Levels 3-5 automated driving systems.
Biden Calls for Three-Month Suspension of Gas, Diesel Taxes
WASHINGTON — President Joe Biden on June 22 called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers.