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.
Plus, FAW Self-Driving Truck Passes Certification Test in China
Self-driving truck startup Plus announced that a commercial truck equipped with its automated driving technology has passed a national certification test and met all safety and performance requirements to begin on-road operation in China.
Nikola’s Losses Widen in Third Quarter
Zero-emission truck developer Nikola Corp. saw losses grow as it spent heavily on research and development and legal fees during the third quarter.
Diesel Increases Nationwide as Refinery Closes, Vaccine Hopes Rise
For just the second time in 2½ months, the weekly national average price of diesel fuel rose.
COVID-19 Jolts Workhorse Production; Year-Over-Year Losses Widen
A COVID-19 outbreak has upended production at electric truck startup Workhorse Group as nearly 40% of the company’s factory workforce have become infected or exposed to the virus.
Vital World Trade Route Roiled by Container Crunch
The humble shipping container has a new status in the COVID-19 pandemic: hot commodity.
Landstar VP, CFO Kevin Stout Transitions to Advisory Role
Landstar System Inc. announced Chief Financial Officer Kevin Stout stepped down Nov. 2, but will remain at the company as special adviser to President Jim Gattoni.
November 9, 2020Taking Aim at Nuclear Verdicts
No fleet wants to be the next one to make news for being on the wrong end of a multimillion dollar settlement. And, yet, the latest research from American Transportation Research Institute shows the numbers rising.
November 9, 2020General Motors Plans 3,000 Hires for EV Development
General Motors Co. is going on a hiring binge to accelerate its development of electric vehicles.
Arizona DOT Names Preferred Developer for I-10 Project in Phoenix Area
The Arizona Department of Transportation has selected a preferred developer for a project to reconstruct a portion of Interstate 10 in Phoenix that the agency has identified as a key commerce corridor.
Descartes Bolsters Final-Mile Capabilities With ShipTrack Acquisition
Transportation software firm Descartes Systems Group has purchased ShipTrack, a provider of shipment tracking technology for final-mile carriers, for about $19 million.