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.
Proterra Eyes US Battery-Cell Facility Within Next Few Years
Proterra Inc., the electric-bus and battery maker that joined the Nasdaq Global Select Market, is planning a domestic battery-cell manufacturing facility within the next few years.
US June Manufacturing Index at Record High, Services Dip
A measure of U.S. manufacturing activity expanded in June at the fastest pace in records dating back to 2007, fueled by easing pandemic restrictions and a strengthening domestic economy.
Suez Canal, Ever Given Ship Owners Reach Compensation Deal
Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.
Nikola Invests in Midwestern Hydrogen Plant
Zero-emission truck builder Nikola Corp. has invested $50 million in cash and stock in Wabash Valley Resources in exchange for a 20% equity interest in the clean hydrogen production project WVR is developing in West Terre Haute, Ind.
June 23, 2021California Trucking Association to Take AB 5 Case to Supreme Court
The California Trucking Association on June 21 learned that the 9th U.S. Circuit Court of Appeals will not reconsider its earlier rejection of CTA’s challenge to a state independent contractor law. CTA plans to appeal its complaint to the nation’s highest court.
Five Star International’s Frederick Scheler Named North American Dealer of the Year
International, the commercial truck brand of Navistar Inc., announced June 15 that it has named Frederick Scheler its 2020 North American Dealer of the Year.
June 22, 2021First Highway to Hope Virtual Concert Raises $75,000 for Drivers in Need
The St. Christopher Truckers Relief Fund announced that the inaugural “Highway to Hope” virtual benefit concert raised more than $75,000.
June 22, 2021VW CEO Sees Autonomy Transforming Cars More Than Electrification
Volkswagen AG is undergoing the world’s largest industrial overhaul for the electric-vehicle age, plotting half a dozen battery plants just in Europe and retooling assembly lines around the globe. And yet, its CEO sees autonomous-driving technology bringing about an even bigger shift.
Colonial Pipeline Sued for Gas Crisis From Ransomware Attack
Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast’s flow of gasoline, diesel and jet fuel.
Massachusetts' $2.65 Billion Capital Plan Includes Funds for Transportation
Massachusetts leaders recently announced a $2.65 billion Capital Plan, which includes millions for improving transportation infrastructure and bottlenecks.