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, Technology, Safety, Logistics, Autonomous

Elaine Chao Discusses Partnerships as Busy Year Draws to a Close

Transportation Secretary Elaine Chao credited stakeholders for helping regulators propel the industry forward through a challenging 2020.

Eleanor Lamb | Staff Reporter
December 8, 2020
Business, Technology

Trevor Milton Plans to Remain Top Nikola Owner Post-Lockup Expiration

Trevor Milton said he remains committed to his Nikola Corp. holding and doesn’t plan to relinquish his position as its largest shareholder even though a restriction has been lifted, addressing speculation that he could divest of his stake in the company he founded and resigned from.

David Welch | Bloomberg News
December 8, 2020
Government, Business

Comments to Oregon DOT Reveal Concerns Over I-205 Tolls

As part of its study on the potential of tolls in the Portland area, the Oregon Department of Transportation will consider 4,644 public comments, the majority of which express opposition to the tolls.

Eleanor Lamb | Staff Reporter
December 8, 2020
Government, Business, Fuel

Diesel Continues to Climb on Increasing Global Oil Demand

The U.S. Energy Information Administration’s weekly survey published Dec. 7 showed trucking’s primary fuel increased 2.4 cents nationwide and now costs $2.526 a gallon.

Dan Ronan | Senior Reporter
December 7, 2020
Business, Technology, Autonomous

Aurora to Buy Uber’s Self-Driving Vehicles Arm

Uber is selling off its autonomous vehicles-development arm to Aurora as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic.

December 7, 2020
Government, Business

Congress Eyes Support for Busy Ports

As operators of major container ports struggle to keep ahead of a rush of imported goods while retailers restock nine months into the coronavirus pandemic, Congress is aiming to lend additional support.

Dan Ronan | Senior Reporter
December 7, 2020
Government, Business, Technology, Safety

Some Experts See Plane-Crash Risk Rising on Expansion of 5G Spectrum

A plan to redeploy spectrum for super-fast 5G wireless networks is sparking concern among aviation safety experts that it could result in interference with the electronics on aircraft, potentially leading to crashes.

December 7, 2020
Business, Equipment, Logistics, Top 50, Top 100

Penske Announces Fleet Upgrade Leasing Program

Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.

December 7, 2020
Business, Technology, Safety, Autonomous

Luminar Technologies More Than Doubles Post SPAC Merger

Peter Thiel-backed Luminar Technologies Inc. briefly touched an all-time high within days of emerging as a stand-alone company as investor excitement over developers of laser sensors that enable autonomous driving ramped up.

Crystal Kim | Bloomberg News
December 7, 2020
Government, Business, Technology, Equipment

Arkansas’ Mobile Job Simulator Promotes Industry

Be Pro, Be Proud, a workforce development initiative, puts students behind the wheel of a truck driving simulator inside a tractor-trailer.

Steve Brawner | Special to Transport Topics
December 7, 2020