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.
Senate Panel Advances Five-Year Highway Bill
Legislation designed to update the country’s highway infrastructure networks was approved by a committee in the U.S. Senate May 26.
Bezos: Amazon’s Andy Jassy Will Become CEO on July 5
Amazon .com Inc.’s new CEO will take the reins on July 5, the 27th anniversary of the company’s incorporation, outgoing CEO Jeff Bezos said during the annual shareholder meeting on May 26.
UPS Launches End-to-End Cold Chain Solutions
UPS is taking the lessons learned from the coronavirus pandemic to expand its specialty pharmaceutical offerings by establishing UPS Cold Chain Solutions, a suite of technologies, capabilities and global facilities that incorporates those lessons into an integrated logistics platform, the company announced May 24.
Safety Culture Helps Fleets Guard Against Lawsuits, Experts Say
Motor carriers with a culture that prioritizes safety can protect themselves from frivolous lawsuits and help stave off the multimillion-dollar court settlements that make headlines in accident litigation involving trucking companies, safety experts said.
Court Orders Shell to Cut Net Emissions by 45%
THE HAGUE, Netherlands — A Dutch court on May 26 ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared with 2019 levels in a landmark case brought by climate activism groups, which hailed the decision as a victory for the planet.
May 26, 2021Truck-Lite to Relocate to Pennsylvania in Preparation for EVs
Truck-Lite Co., a provider of LED lighting systems for commercial vehicles, announced it is relocating its headquarters to Knowledge Park at Penn State Behrend in Erie, Pa.
May 26, 2021Tesla Phases Out Radar Sensors, Shifts to Camera-Based Autopilot
Tesla Inc. updated its website May 25 to announce that Model 3 and Model Y cars built for North America and shipping this month no longer will be equipped with radar.
Lordstown Motors Drops as Earnings Stoke Case for Skepticism
Lordstown Motors Corp. shares tumbled after the electric vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.
EV Charger Maker Tritium Going Public in SPAC Merger Deal
Tritium, which makes fast chargers for electric vehicles, has reached an agreement to go public through a merger with blank-check company Decarbonization Plus Acquisition Corp. II.
Kodiak Robotics Autonomous Technology Headed to Asia
Self-driving truck technology company Kodiak Robotics Inc. announced a deal with one of South Korea’s largest conglomerates to bring Kodiak Driver to the Asia-Pacific markets.
May 26, 2021