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.
Uber to Give UK Drivers Minimum Wage, Pension
LONDON — Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, after a recent court ruling that said they should be classified as workers and entitled to such benefits.
Rivian to Open Brooklyn Showroom
Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc., has signed a lease in Brooklyn for its first New York City retail store.
ATRI Report: National VMT System a Costly, Complex Proposition
The administrative costs of a national vehicle-miles-traveled fee system represent a more complicated picture than the costs associated with financing mechanisms such as the federal fuel tax, according to a recent analysis from the American Transportation Research Institute.
Intel, Ford Urge Tax Benefits for Chips, US Manufacturing
Foreign producers of semiconductors, electric car batteries and pharmaceuticals will continue to squeeze U.S. manufacturing unless Congress provides more incentives for domestic production, representatives from Intel Corp. and Ford Motor Co. said March 16.
Department of Labor Proposes Withdrawal of Its Independent Contractor Rule
The U.S. Department of Labor has proposed withdrawing a rule adopted in the waning days of the Trump administration that was generally perceived to be favorable to motor carriers’ use of independent contractors.
IMC Cos. Acquires Empire Truck Lines
IMC Cos. announced it acquired Empire Truck Lines, a container drayage company, effective March 12.
March 16, 2021McConnell Rules Out GOP Support for Tax Hikes to Pay for Infrastructure
Senate Minority Leader Mitch McConnell said there was no chance that Republicans would back any tax increases to pay for President Joe Biden’s infrastructure plan, leaving Democrats to try to force through a package on their own.
Hino Turns to Cummins Diesel Engines for US, Canada
Hino Trucks announced it intends to produce model year 2022 Classes 6-8 trucks for the United States and Canada equipped exclusively with diesel engines from Cummins Inc.
VW Shares Soar on Plans to Beat Tesla
Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back days of briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.
Navistar Launches Aftermarket Line for Classes 2-5 Diesel Engines
Navistar International Corp. introduced aftermarket product line Diamond Advantage to provide parts for Class 2-5 diesel engines and engine components.
March 16, 2021