The legalization of marijuana in several states and the post-pandemic economy have left the trucking industry with a bit of a perplexing, yet-to-be-solved mystery.
May 12, 2022Trucking 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.
Ban on ‘Excessive’ Gas Prices Heading for House Vote
The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive†prices illegal under legislation House Democrats plan to bring to the floor next week.
May 12, 2022Sen. Carper Highlights Environmental Infrastructure Efforts
The top transportation policymaker in the U.S. Senate touted a White House agency’s role in enhancing the environmental permitting process and responding to climate change.
May 12, 2022Cummins to Build Fuel Cells for Freightliner Cascadia
LONG BEACH, Calif. — Cummins Inc. will supply market leader Freightliner, a brand of Daimler Trucks North America, with a Cummins hydrogen fuel cell powertrain for the heavy-duty Cascadia model, Cummins Chairman and CEO Tom Linebarger said in a surprise announcement.
May 12, 2022Class 8 Sales Flat in April Compared With 2021
U.S. Class 8 retail sales in April were flat compared with a year earlier, coming in at just over 19,000, but continued the  improvement from the lows in the beginning of the year, Wards Intelligence reported.
May 12, 2022Foxconn Completes Acquisition of Lordstown Factory
Taiwan’s Foxconn Technology Group completed a transaction with Lordstown Motors Corp. to acquire the electric truck startup’s Ohio factory for $230 million and take over production of its Endurance pickup truck, a critical step as the iPhone manufacturer seeks to diversify into electric vehicles.
May 12, 2022Producer Prices Surge 11% in April as Food Prices Jump
WASHINGTON — U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.
May 12, 2022Rivian Says Production Increased, Keeps Sales Target at 25,000
Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.
May 11, 2022California Falls Short in Fight to Curb Emissions
California’s carbon market was supposed to be a model for the U.S., harnessing the power of capitalism to fight climate change in the world’s fifth-biggest economy. But nearly 10 years after “cap and trade†began, there’s little proof the system has had much direct impact on curbing planet-warming pollutants.
May 11, 2022Yellow Narrows Losses, Outlines Goals
Yellow Corp. posted its best first-quarter results in six years as losses narrowed and revenue increased, the company announced May 10.
May 11, 2022Trending
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