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.
Exports Boosted US Shale Market, but Long-Term Demand Uncertain
These past five years could very well go down as the best years that U.S. shale oil exporters will ever see.
Daimler Trucks-Backed Proterra to Go Public Through ArcLight SPAC
Proterra Inc., which makes electric buses and batteries, agreed to go public through a merger with special purpose acquisition company ArcLight Clean Transition Corp.
Nearly 49% of CMV Drivers Could Be at Risk for Sleep Apnea, Study Says
A new obstructive sleep apnea study of 20,000 drivers using a more comprehensive screening evaluation method estimated that nearly 49% of commercial motor vehicle drivers could be at risk for obstructive sleep apnea, a condition that can cause sleepiness while driving.
DOT Expands AV TEST Program
The National Highway Traffic Safety Administration has expanded the Automated Vehicle Transparency and Engagement for Safe Testing (AV TEST) Initiative from a pilot to a full program.
Diesel Rises 3¢ to $2.67 a Gallon
The first full week of 2021 saw the nationwide price of diesel continue to rise, as it had for the last weeks of 2020. Trucking’s main fuel notched a 3-cent increase, according to the Energy Information Administration’s weekly data released Jan. 11.
Lucid Motors Reportedly in Talks to Go Public
Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with one of Michael Klein’s special-purpose acquisition companies, according to people familiar with the matter.
January 11, 2021US Tarp Partners With New Life Transport Parts Center
US Tarp announced a partnership agreement with New Life Transport Parts Center to continue to distribute its tarps and replacement parts through the centers.
January 11, 2021Rhode Island, New York Top Advocates Group Highway Safety Ranking
Rhode Island and New York have tied for the top spot on Advocates for Highway and Auto Safety’s list evaluating states’ road safety enforcement efforts.
Pilot, RTS Announce Partnership Aimed at Fleets
Travel center operator Pilot Co. and RTS Financial announced their fuel and factoring partnership with a variety of services.
January 11, 2021ABF Freight President Tim Thorne Announces Retirement Plans
The president of less-than-truckload fleet ABF Freight will retire later this year after more than three decades with the carrier, parent company ArcBest announced.
January 11, 2021