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.

Business, Fuel, Autonomous, TCA

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.

Nora G. Hertel | St. Cloud (Minn.) Times
March 3, 2021
Business, Technology, Safety

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.

Eric Miller | Senior Reporter
March 3, 2021
Business

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.

Henry Ren | Bloomberg News
March 3, 2021
Government, Business, Fuel

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, 2021
Business, Technology, Fuel, Autonomous

VW’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.

Christoph Rauwald | Bloomberg News
March 3, 2021
Government, Business, Equipment

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.

Alaric Nightingale | Bloomberg News
March 3, 2021
Government, Business, Fuel

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.

March 3, 2021
Business, Technology, Autonomous

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, 2021
Business, Equipment, Top 100

Class 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.

Roger Gilroy | Senior Reporter
March 3, 2021
Business, Technology, Equipment, Safety

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.

Roger Gilroy | Senior Reporter
March 3, 2021