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, Fuel

North Carolina Environmental Chief Michael Regan Tapped to Lead EPA

President-elect Joe Biden is nominating Michael Regan to lead the EPA, putting a North Carolina environmental regulator in line to chart national policy on combating climate change and pollution, according to people familiar with the matter.

December 17, 2020
Business, Technology, Fuel, Logistics, TCA

Lordstown Motors, Camping World Team Up on EV Network

Lordstown Motors and Camping World will partner on a national electric-vehicle service and collision network for Lordstown Motors vehicles.

December 17, 2020
Government, Business, Safety

FMCSA Final Rule Adds Flexibility to CDL Skills Testing

The Federal Motor Carrier Safety Administration has published a final rule to increase flexibility in the commercial driver license skills test process.

Eleanor Lamb | Staff Reporter
December 17, 2020
Business, Technology, Equipment, Fuel, Logistics

EV Startup Canoo Fast-Tracks Launch of Commercial Delivery Van

Electric vehicle startup Canoo Holdings Ltd. is talking up the commercial vehicle sales part of a business model that has attracted more attention for its planned consumer-subscription service.

Ed Ludlow | Bloomberg News
December 17, 2020
Business, Equipment

Strong Freight Rates Drive Up Demand for Leased Trucks

The strong freight rates experienced by the transportation industry are driving an increase in truck leasing.

Connor D. Wolf | Staff Reporter
December 17, 2020
Government, Business, Technology, Equipment, Fuel

Volkswagen Loses Top EU Court Case in Diesel Scandal

The European Union’s top court ruled that Volkswagen breached the law by installing on its cars a so-called defeat device to cheat on emission tests and cannot argue it was merely protecting car engines.

Samuel Petrequin | Associated Press
December 17, 2020
Government, Business, Technology, Equipment, Safety, Autonomous

Tesla Beats Detroit Rivals by Almost Two Years on Brake Safety

Tesla is the lone U.S. automaker to meet a commitment to equip all its models with automatic emergency braking almost two years ahead of schedule.

Keith Naughton | Bloomberg News
December 17, 2020
Business, Technology, Logistics

Airfreight Booking Site Cargo.one Receives $42 Million in Funding

Cargo .one, which operates an online system for airfreight booking, raised $42 million from investors after the COVID-19 crisis helped to drive new business.

Siddharth Philip | Bloomberg News
December 17, 2020
Government, Business

US Jobless Claims Rise to 885,000 Amid Resurgence of Virus

The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September.

Paul Wiseman | Associated Press
December 17, 2020
Government, Business, Safety

ASCE Gives Utah C+ on Infrastructure Report Card

Utah earned a C+ on its most recent infrastructure report card, according to preliminary findings from the American Society of Civil Engineers.

Eleanor Lamb | Staff Reporter
December 17, 2020