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.
Minnesota Proposal Would Tax Electricity as Fuel
As gas tax revenue declines because more people are buying electric vehicles, a Minnesota lawmaker has proposed a bill that would tax electricity as fuel at charging stations for electric vehicles.
No Final Hair Testing Rule Yet, but HHS Plans to Add More Drugs to Tests
Ron Flegel, chairman of the federal Drug Testing Advisory Board that developed the controversial proposed mandatory guidelines for federal drug testing using hair samples, was mum at a March 2 meeting on when HHS plans to issue a final hair testing rule.
Walmart to Spend on US Products, Create 750,000 Jobs
Walmart Inc. pledged to support American manufacturers by spending an additional $350 billion on items made, grown or assembled in the U.S. over the next 10 years.
Granholm Says Oil Industry Must Embrace Green Transition
Jennifer Granholm used her first speech as U.S. energy secretary to warn oil and gas companies they risk being left behind unless they embrace a transition to cleaner sources of energy, while offering them an opportunity to partner with the new administration.
March 3, 2021VW’s Electric Car Stacks Up Well Against Tesla, Analyst Says
A teardown of Volkswagen AG’s first dedicated electric vehicle found it measures up favorably with Tesla Inc. models in several key aspects, sending the German carmaker’s shares to levels last seen before its diesel emissions scandal.
Frothy Cargo Market Spurs Vessel Owners to Flip Ships
Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.
Jigar Shah to Run Energy Loan Office
The U.S. Energy Department has appointed Jigar Shah, a clean-power pioneer who helped bring solar into the mainstream, to run the loan-program unit that backed Tesla Inc. and failed solar manufacturer Solyndra.
GM-Backed Cruise in Talks to Buy Startup Voyage
Cruise, the self-driving vehicle company majority owned by General Motors Co., is in talks to acquire Voyage, an autonomous technology startup that operates in retirement communities, according to people familiar with the matter.
March 3, 2021Class 8 Orders Surge 212% to 43,800
North American Class 8 orders hit 43,800 in February, up 212% compared with a year earlier, ACT Research reported, citing truck makers’ preliminary data.
Lightweighting of Trucks Could Become More Prevalent, NACFE Finds
Some truck buyers require lightweighting while most others move toward it slowly, if at all, but the coming of electric trucks may demand more of it, according to an updated confidence report from the North American Council for Freight Efficiency.