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.
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.
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.
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.
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.
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.
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.
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, 2020Penske 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, 2020Luminar 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.
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.