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.
Navistar Launches Production on International eMV Series
LONG BEACH, Calif. — Navistar Inc. announced that its new, fully electric International eMV Series medium-duty truck is now in production, in four available wheelbase lengths.
WattEV Plans Solar-Powered Truck Stop
LONG BEACH, Calif. — WattEV Inc. is set to receive a $5 million grant from the California Energy Commission to build the state’s first solar-powered truck stop dedicated to heavy-duty electric trucks.
Run on Less — Electric Now on the Road
LONG BEACH, Calif. — The North American Council for Freight Efficiency, in partnership with RMI, provided an update on Run on Less — Electric, a three-week real-world demonstration with 13 vehicles performing zero-emission goods movement, during ACT Expo.
Hyliion Updates Hybrid eX Powertrain
LONG BEACH, Calif. — Hyliion Holdings Corp. announced an updated version of its Hybrid eX powertrain and is expected to begin shipping units in the latter part of 2021.
CN’s Largest Shareholder Wants CEO Ruest Out
One of the largest shareholders in Canadian National Railway Co. said it’s prepared to launch a proxy fight to replace the company’s leader as the $30 billion deal to buy Kansas City Southern faces possible collapse.
Allison to Supply E-Axles to Hino
LONG BEACH, Calif. — Allison Transmission Inc. announced its selection by Hino Trucks as its e-axle development partner for Classes 6-8 battery-electric trucks.
3G Cellular Network Sunsetting Raises Concerns in Trucking
While the timing is expected to vary, many wireless cellular providers plan to phase out or “sunset” their remaining 2G and existing 3G networks early next year, according to the Federal Communications Commission.
Labor Shortage Leaves Union Workers Feeling More Emboldened
With help wanted signs at factories and businesses spreading across the nation, union workers are seizing the opportunity to try to recover some of the bargaining power — and financial security — they feel they lost in recent decades as unions shrank in size and influence.
Toyota Spends $13.7 Billion to Secure EV Battery Supplies
Toyota Motor Corp. plans to spend $13.7 billion on the supply and development of batteries for hybrid and electric vehicles by 2030, joining other global automakers boosting investments in anticipation of greater demand.
Industry Group Backs Global Carbon Surcharge for Large Ships
BERLIN — The International Chamber of Shipping on Sept. 7 backed plans for a global surcharge on carbon emissions from shipping to help fund the sector’s shift toward climate-friendly fuels.