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.
Canada’s COVID-19 Protests Threaten Border Trade With US
OTTAWA — Canadian lawmakers expressed increasing worry about the economic effects of disruptive demonstrations after the busiest border crossing between the U.S. and Canada became partially blocked by truckers protesting vaccine mandates.
US Sees Record Oil Production Next Year Moving Even Higher
U.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to boost drilling.
Ford’s Kansas City Plant Begins Deliveries of E-Transit
Ford Motor Co. this week began shipping its new all-electric E-Transit cargo van from its Kansas City Assembly Plant in Missouri to customers across the U.S.
Ram Teases Electric 1500 Pickup, Launches New Site
Ram’s electric pickup truck still is two years away, but the “Built to Serve” brand is giving the public a tease of a concept vehicle and an opportunity to share what they want from the EV.
Task Force to Examine Lease-Purchase Agreements
A provision tucked in the bipartisan infrastructure funding law calls for the formation of a truck leasing task force to examine the fairness of lease and lease-purchase agreements.
Senators Demand Answers About Tesla Feature That Runs Stop Signs
A pair of Democratic U.S. senators demanded answers Feb. 8 from Tesla Inc. about a feature of its so-called Full Self-Driving system that permitted its vehicles to slowly roll through intersections without stopping as well as complaints about cars that suddenly brake at high speeds.
Mack Offers Vehicle-as-a-Service Plan for LR Electric Model
Mack Trucks and Mack Financial Services launched an all-inclusive vehicle-as-a-service program to help simplify the purchase process and help customers better manage expenses associated with acquiring the Mack LR Electric, a battery-electric vehicle.
February 8, 2022Elon Musk Looks Isolated as Automakers Embrace Lidar
Elon Musk is skeptical of putting lidar sensors on vehicles, but a growing number of his competitors are quietly adding the technology to their lineup.
Allison Regional Haul Series Transmission Available in Volvo VNL
Allison Transmission announced its 3414 Regional Haul Series fully automatic transmission is available to order in Volvo Trucks North America’s heavy-duty VNL model.
February 8, 2022Wave of US LNG Ships Headed to Europe Sends Freight Rates Below Zero
The cost to transport a shipment of U.S. liquefied natural gas to energy-starved Europe turned negative, a dramatic reversal that illustrates a growing glut of ships in the Atlantic ferrying American fuel.