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.
Fuel Prices to Climb Higher as US Bans Russian Oil Imports
WASHINGTON — President Joe Biden announced March 8 the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine. But he acknowledged it will bring costs to Americans, particularly at the gas pump.
March 8, 2022US Zigs While Rest of the World Zags on EV Subsidies
Subsidies for electric vehicles are heading in very different directions in different parts of the world.
Amerit Fleet Solutions Rolls Out EV Maintenance Programs
ORLANDO, Fla. — Amerit Fleet Solutions has set out to create a national network of certified technicians trained to perform maintenance and repair work on electric vehicles for fleet customers in markets across the country.
Port of Baltimore Announces Expansion
The Port of Baltimore on March 7 announced it is expanding container business at its Seagirt Marine Terminal as the Israeli-based ZIM Shipping Line will begin calls at the facility this summer.
March 8, 2022PG&E to Test GM’s EVs as Backup Power for Homes
Western U.S. utility giant PG&E Corp. and automaker General Motors Co. are working together to see if electric vehicles can be tapped as a source of backup power for homes in Northern California.
TMC Considers Recommending EV Coolant, Lubricant Practices
ORLANDO, Fla. — Whether the time has come for recommended practices (RPs) for coolants and lubricants for electric vehicles was a topic of discussion during a pair of March 7 study group task force meetings at the Technology & Maintenance Council 2022 Annual Meeting & Transportation Technology Exhibition.
New Task Force Seeks to Establish EV Efficiency Practices
ORLANDO, Fla. — The new era of the commercial electric fleet brings a new task force for electric vehicle-efficiency performance.
Biggest Stock Slide Since ‘20 as Oil Surges
NEW YORK — Wall Street had its biggest drop in more than a year March 7 as another leap for oil prices threatened to squeeze inflation’s grip on the global economy.
New TMC Chair Randy Obermeyer Sees Bright Future as Electrification Advances
The new chairman of the Technology & Maintenance Council of American Trucking Associations said fleets must take a wide-ranging view of the challenges that lie ahead as the trucking industry moves toward electrification, and is placing education about the opportunities that exist both for motor carriers and technicians on his agenda.
Orbcomm Announces Camera Analytics, Sensors
ORLANDO, Fla. — Orbcomm announced enhancements to its data-driven truck telematics solution that aim to improve visibility, efficiency and safety for fleets, drivers and customers.