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.
Tesla Co-Founder Partners With Toyota to Recycle Car Batteries
Toyota Motor Corp. is tying up with Redwood Materials Inc., a battery recycling company created by Tesla Inc. co-founder J.B. Straubel, to collect and repurpose cells from some of the earliest battery-powered vehicles.
Companies Rethink Supplier Networks in COVID Era
The pandemic has changed the nature of global supply chains with companies seeking to source goods from multiple places to minimize shipment and production disruptions.
US Sanctions Help China Supercharge Its Chipmaking Industry
China’s chip industry is growing faster than anywhere else in the world, after U.S. sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.
June 21, 2022KAG Logistics Closes Acquisition of American PetroLog
KAG Logistics has completed its acquisition of American PetroLog, the company announced June 16.
June 21, 2022Perspective: Repeal FET to Boost Green Buying
A question to ask the decision-makers in Washington: If the goal is to get more cleaner, greener trucks on the road, why does the federal government keep the 12% federal excise tax on the sale of a new truck?
Biden Says Decision on Gas Tax Holiday May Come This Week
REHOBOTH BEACH, Del. — President Joe Biden said June 20 that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon.
Laid-Off Workers Claim Tesla Violated WARN Act in Suit
Tesla Inc. was sued by some former employees who claim the company’s decision to lay off about 10% of its workforce violated federal law by failing to provide the required advance notice for the job cuts.
How the Pandemic Accelerated Change for Motor Carriers
Few industries came under as much pressure and made as many adjustments during the COVID-19 pandemic as trucking. Industry executives see permanent changes resulting from how COVID altered the economy, consumer behavior and business interactions.
2022 Top 100 For-Hire Carriers List Illustrates Growth of Large Fleets
Despite lingering supply chain disruptions and an extremely tight labor market, most of the largest for-hire motor carriers in North America achieved significant revenue gains and higher profits last year. That extraordinary business growth is clearly reflected on the 2022 edition of Transport Topics’ Top 100 For-Hire Carriers list.
VTNA Adds Its First EV Dealership in Tennessee
Volvo Trucks North America announced Nacarato Truck Centers, a third-generation family-run dealership group, completed the required training and facility updates to become its first certified electric vehicle dealership in Tennessee at its La Vergne location, servicing the greater Nashville market.
June 17, 2022