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.

Business, Logistics

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.

Alastair Reed | Bloomberg News
November 17, 2020
Government, Business, Technology, Fuel

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.

Will Wade | Bloomberg News
November 17, 2020
Business, Logistics

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.

Leslie Patton | Bloomberg News
November 17, 2020
Business, Equipment, Fuel

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.

Roger Gilroy | Senior Reporter
November 17, 2020
Government, Business, Safety

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.

Alan Levin | Bloomberg News
November 17, 2020
Business, Technology, Autonomous

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.

Esha Dey and Dana Hull | Bloomberg News
November 17, 2020
Government, Business, Technology, Autonomous

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.

Gabrielle Coppola | Bloomberg News
November 17, 2020
Business, Technology, Equipment, Fuel

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.

Connor D. Wolf | Staff Reporter
November 17, 2020
Government, Business, Fuel, Top 100

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.

Dan Ronan | Senior Reporter
November 16, 2020
Government, Business, Safety

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.

Eleanor Lamb | Staff Reporter
November 16, 2020