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.
Fed Policymakers Unveil Hydrogen Transportation Bill
Legislation that would establish a grant program at the U.S. Department of Transportation to assist with the adoption of heavy-duty hydrogen fuel cell vehicles was recently introduced in the U.S. Senate.
Intel Outlines Plans Amid Global Chip Race
Magdeburg in the former East Germany is famous for its towering Gothic cathedral, and not a lot else. It’s now about to play a key role in U.S. and European efforts to tilt the global balance of power.
March 16, 2022Retail Sales Soften as High Gasoline Costs Begin to Bite
Growth in U.S. retail sales slowed in February after surging a month earlier, suggesting that consumers tempered their spending in some categories as inflation limited purchasing power.
Intel Plans $88 Billion Chipmaking Expansion in Europe
LONDON — U.S. chipmaker Intel unveiled plans on March 15 to invest up to $88 billion across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor industry that have led to big chip shortages.
Trucker Path Announces New Transportation Management System
Trucker Path, a transportation network company specializing in online and mobile services, introduced Command on March 14.
March 15, 2022Biden Outlines How Infrastructure Funds Will Transform Country
Improving the nation’s transportation system with $1.2 trillion in infrastructure investments is a key to uplifting the middle class, adding jobs and revitalizing American industry, President Joe Biden told a gathering of city officials in Washington.
Mercedes Opens Battery Plant for Electric SUVs
Mercedes-Benz Group AG opened a battery factory in Alabama months before the luxury carmaker starts assembling electric SUVs nearby in an effort to challenge Tesla Inc. in the U.S. EV market.
ATA, Freight Stakeholders Press CARB for Alternatives to Emissions Rule
American Trucking Associations is among the groups proposing that the California Air Resources Board consider supply chain pressures for granting the industry alternatives to certain regulatory compliance.
Airlines Rally as They See Path to Profit Despite Fuel Jump
U.S. airline stocks climbed as the carriers said they will trim flying to remain on track toward profits even as fuel prices soar.
Isaac Instruments, BlackBerry Radar Integrate Trucking Services
BlackBerry Ltd. teamed with the fleet management solution provider Isaac Instruments to integrate their service offerings March 14.
March 15, 2022