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.
Maersk Raises Guidance for Second Time in as Many Months
A.P. Moller-Maersk A/S raised its guidance for a second time since October as the world’s biggest container shipping company enjoys stronger demand than originally projected amid the COVID crisis.
Tesla, Utility Giants Form ZETA, Calling for 100% EV Adoption by 2030
Tesla Inc. is joining rideshare company Uber Technologies Inc., Lordstown Motors, Rivian and others to lobby for 100% electric-vehicle adoption by 2030.
COVID-19 Has Changed Shopping for Good, Retail Giants Predict
The consumer behaviors that accelerated at the start of the virus — think digital ordering, bulkier baskets and no margin for error when it comes to delivery — are showing zero signs of abating eight months in.
Meritor Reports Lower Profit, Revenue; Transition Plan Announced
Meritor reported lower fiscal fourth-quarter net income and revenue. The company also announced President and CEO Jay Craig will transition to executive chairman of the board of directors Feb. 28.
FAA Sets Boeing’s 737 Max Approval for Nov. 18
U.S. regulators plan on Nov. 18 to unveil the long-awaited final requirements for allowing Boeing Co.’s grounded 737 Max to return to service after 20 months, according to a person briefed on the plans.
Tesla Gets Green Light for S&P 500 Inclusion
Tesla Inc., Elon Musk’s 17-year-old upstart carmaker, took a giant step toward blue-chip respectability, getting named to one of the world’s most famous stock indexes in an action that will greatly broaden its investor base.
Hyundai-Aptiv Venture Wins Driverless Test Approval in Nevada
Hyundai Motor Group and Aptiv Plc’s $4 billion self-driving venture received permission from the state of Nevada to test autonomous vehicles on public roads without a safety driver, the company said.
Cummins Outlines the Future of Hydrogen Fuel Technologies
Engine manufacturer Cummins sees a future in fuel cell technology for itself and within the trucking industry, but noted during a virtual event that challenges lie ahead.
Diesel Jumps 5.8¢ a Gallon in Largest Increase of 2020
The national average price of diesel spiked by 5.8 cents per gallon, more than twice the previous high for the year, according to the Energy Information Administration’s weekly data released Nov. 16.
FMCSA Says Washington’s Meal, Rest Rules Pre-Empted
The Federal Motor Carrier Safety Administration has determined that Washington state’s meal-and-rest-break rules for commercial truck drivers are pre-empted by federal hours-of-service regulations.