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.
Average Price of Diesel Surges 7.1¢ to $3.477 a Gallon
The national average price for diesel fuel soared 7.1 cents to reach $3.477 a gallon.
Canadian National Says Investor’s Shakeup Drive ‘Misguided’
OMAHA, Neb. — Canadian National has sharpened its criticism of the investor pressuring it to make changes to its operations and replace its CEO following its failed attempt to acquire the Kansas City Southern railroad.
A Big Bump in the Road for Roads, Bridges Funding
President Joe Biden is pledging to continue to promote his domestic agenda stuck in Congress, despite last week's setback that saw the House of Representatives postpone action on a $1 trillion infrastructure bill. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
DTNA, ACM Announce Collaboration
Daimler Trucks North America announced a three-year, $3 million, first-of-its-kind partnership with the American Center for Mobility that will allow customers to experience DTNA’s in-vehicle technology at test sites on ACM’s 500-acre campus in suburban Detroit.
October 4, 2021Traton SE Replaces CEO, Chief Financial Officer
Traton SE named Christian Levin CEO. He succeeds Matthias Gründler, who left the company.
October 4, 2021Cooper Tire Announces Fuel-Efficient Tire for Longhaul Fleets
Cooper Tire’s Roadmaster brand unveiled a new tire for commercial longhaul fleets designed to balance fuel efficiency with long miles, the company announced Oct. 4.
October 4, 2021Biden Signs Short-Term Highway Extension
Funding authority for the country’s highway networks remains active as a result of President Joe Biden signing an extension of a law central to federal surface transportation policies.
GM’s Future EVs Get Range Boost With Wolfspeed Deal
General Motors’ future electric vehicles will offer more range on a single charge and charge faster because of a new supplier agreement it announced with Wolfspeed Inc.
NHTSA Rejects 2019 Petition to Probe Tesla Battery Software
The National Highway Traffic Safety Administration rejected a 2019 petition to open a formal investigation into Tesla Inc.’s battery management software, according to documents posted to the agency’s website.
Roger Nielsen Joins SafeAI Board
SafeAI Inc., which is helping off-road industries including mining and construction move toward autonomy, announced that former Daimler Trucks North America CEO Roger Nielsen has joined its board of directors.
October 4, 2021