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.
Renault Vows to Lower EV Battery Costs 20% With New Process
Renault SA pledged to reduce its battery costs by around 20%, in a bid to remain competitive by adopting a cheaper cell chemistry and new production processes for electric vehicle components.
OPEC Crude Production Steady for Third Month
OPEC’s crude production remained steady for a third month, while some key members continued to pump above agreed limits.
July 1, 2024Global Sea Transport Leaps Most Since 2010 After Attacks
A gauge of global sea transport is heading for its biggest annual jump since 2010 after attacks in the Red Sea have forced ships to travel longer distances.
Continental Express Adds Chicago-Area Terminal
Continental Express opened its ninth location nationwide with a new terminal in Illinois, the company announced June 24.
CDK: ‘Substantially All’ Car Dealerships Restored After Hack
CDK Global said “substantially all” the dealerships it serves that were disrupted by a hack have seen their management systems come back online.
Perspective: Autonomous Trucking Is Not a Race
How will self-driving trucks win the trust of the millions of Americans driving their own vehicles alongside them?
New Baltimore Bridge Could Have Higher Clearance
BALTIMORE — Authorities will soon decide if they want to raise the 185-foot vertical clearance of the area's bridges, and by how much.
Samsara Extends Tracking to Small, High-Value Assets
CHICAGO — Connected fleet technology provider Samsara has launched a new tracking device for small assets and is adding new features to enhance driver safety.
Maersk Drops Out of Bidding for Logistics Giant DB Schenker
A.P. Moller-Maersk A/S withdrew its bid for DB Schenker, the logistics unit of Deutsche Bahn AG that has been reported to be valued at more than $16.1 billion.
July 1, 2024Trucking’s Clean Power Transition Hinges on Infrastructure
LAS VEGAS — Wider adoption of low- and zero-emission commercial trucks will depend on the development of new fueling and charging infrastructure, energy leaders said.