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.
Automakers Realize They Need to Develop EV Charging Networks
Electric vehicle makers are beginning to recognize that charging is so critical to their mission of selling vehicles that they can’t afford not to get involved in building and operating charging networks.
Fleets Sustain Safety Culture Through Driver Relationships, Technology
While technologies have provided real-time data and new insights into how to reduce incidents and help drivers to improve their skills, many fleet executives say building a reputation for safety boils down to trust, culture and accountability.
Truck Tonnage in December Increases 1.4% Year-Over-Year
Truck tonnage in December rose a seasonally adjusted 1.4% compared with the same month in 2020 — the fourth consecutive year-over-year gain and the highest measurement since March, American Trucking Associations announced.
Nikola Signs Battery Deal With Proterra for Electric Big Rigs
Nikola Corp. announced a long-term supply agreement with Proterra Inc. for battery technology, giving the electric big-rig maker a second source for the critical components.
Chinese EVs Find Niche Making Shorthaul Deliveries in Japan
Logistics companies in Japan, striving to cut costs and make the most out of the pandemic-inspired online shopping boom, are finding an unlikely white knight in Chinese electric vehicle manufacturers, whose vans make last-mile deliveries not only cheaper, but cleaner as well.
Walmart Filings Reveal Plans to Create Cryptocurrency, NFTs
Walmart Inc. is preparing to create its own cryptocurrency and collection of nonfungible tokens, filings with the U.S. Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse.
Ocean Shipping Rates Driving Inflation, Experts Caution
Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers — and leaving smaller companies and their customers from Spain to Sri Lanka paying more for just about everything.
Milton Wants to Inspect Nikola Vehicles Feds Say He Lied About
Nikola Corp. founder Trevor Milton claims federal prosecutors refused access to the company’s vehicles and equipment he says are crucial to his defense against fraud charges.
VTNA Slates Production on Enhanced VNR Electric for Q2
Volvo Trucks North America announced production of the enhanced Volvo VNR Electric model will begin in the second quarter.
January 14, 2022Two Key Executives to Depart Walmart
Walmart Inc. is losing two key executives in its U.S. operation as the retail giant ramps up its online offerings and attempts to reverse last year’s disappointing stock market performance.