Business

About Business News...

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.

Government, Business, Technology, Fuel, Breaking News

FMCSA Issues Emergency Declaration to June 8 Due to Pipeline Cyberattack

The Federal Motor Carrier Safety Administration is providing emergency relief from hours-of-service regulations to motor carriers and drivers assisting operations linked to refined petroleum supply chains in the East Coast in the wake of a cyberattack against Colonial Pipeline.

Eugene Mulero | Senior Reporter
May 9, 2021
Government, Business, Technology, Fuel

Colonial Pipeline’s Silence Has Energy Traders Nervous

Traders and shippers are increasingly nervous about the possibility of a shortage of fuel in the eastern U.S. two days after the shutdown of a major pipeline following a cyberattack.

May 9, 2021
Government, Business, Technology, Fuel

Experts Say Cyberattack on Pipeline Is a Wake-Up Call

NEW YORK — The shutdown of a vital U.S. pipeline because of a ransomware attack stretched into a third day May 9, with the Biden administration saying an “all-hands-on-deck” effort is underway to restore operations and avoid disruptions in gasoline supply.

Mae Anderson and Frank Bajak | Associated Press
May 9, 2021
Government, Business, Fuel

Ransomware Attack Shuts Down Biggest US Gas Pipeline

Colonial Pipeline is working to restore operations after a cyberattack prompted the company to take its systems offline, threatening the supply of refined petroleum products to gas stations in major cities on the U.S. eastern seaboard.

Mike Jeffers | Bloomberg News
May 8, 2021
Government, Business, Fuel, TCA

Minnesota ‘Clean Cars’ Rules Get OK to Move Forward

The administration of Minnesota Gov. Tim Walz and state regulators can adopt new vehicle emission standards without the OK from lawmakers, an administrative law judge ruled May 7.

Greg Stanley | Star Tribune
May 7, 2021
Business, Logistics

Americold Reports Q1 Loss, Citing Costs Related to Acquisitions

Americold reported a net loss of $14.2 million, or negative 6 cents a share, for the period ending March 31. The company said much of the loss can be attributed to increased acquisition and integration costs.

Dan Ronan | Senior Reporter
May 7, 2021
Government, Business, Technology, Fuel, Autonomous

Lion to Locate Largest EV Plant in Illinois

The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, announced it selected Joliet, Ill., for the construction of its U.S. manufacturing facility, with building to ramp up in the second half of this year.

Roger Gilroy | Senior Reporter
May 7, 2021
Government, Business, Safety

New Jersey DOT Distributes Over $47 Million for Local Bridges

The New Jersey Department of Transportation announced $47.3 million in grant funding has been awarded to local government agencies to assist with bridge maintenance projects.

Eleanor Lamb | Staff Reporter
May 7, 2021
Government, Business, Technology, Safety, Fuel, Autonomous

Tesla Engineer Says Musk Overstated Tesla Autopilot Capability

One of Tesla Inc.’s engineers told California authorities that CEO Elon Musk overstated the capability of Autopilot, the company’s driver-assistance system, early this year.

Dana Hull | Bloomberg News
May 7, 2021
Government, Business, Technology, Fuel, Autonomous

Nikola Misses Estimates, Details Additional SEC Inquiry

Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March.

Dan Ronan | Senior Reporter
May 7, 2021