Trucking Business News

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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.

GovernmentBusinessTechnologySafetyFuel

NHTSA Rejects 2019 Petition to Probe Tesla Battery Software

The National Highway Traffic Safety Administration rejected a 2019 petition to open a formal investigation into Tesla Inc.鈥檚 battery management software, according to documents posted to the agency鈥檚 website.

October 4, 2021
BusinessTechnologyAutonomous

Roger Nielsen Joins SafeAI Board

SafeAI Inc., which is helping off-road industries including mining and construction move toward autonomy, announced that former Daimler Trucks North America CEO Roger Nielsen has joined its board of directors.

October 4, 2021
GovernmentBusinessFuel

Oil at Seven-Year High After OPEC+ Decides on Cautious Increase

FRANKFURT, Germany 鈥 Oil prices jumped after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November.

October 4, 2021
GovernmentBusinessLogistics

Christmas at Risk as Supply Chain 鈥楧isaster鈥 Only Gets Worse

Bottlenecks that gummed up the global supply chain in 2020 have only gotten worse, and evidence is mounting that the holiday season is at risk.

October 4, 2021
BusinessTechnologyAutonomous

GM-Backed Cruise Sees Autonomous Unit Growing Past $50 Billion

Cruise, the autonomous vehicle startup majority-owned by General Motors Co., will tell investors this week that it sees a path for its ride-hailing business to reach $50 billion in revenue as the company ramps up over the next couple of years, people familiar with the matter said. GM鈥檚 shares jumped.

October 4, 2021
GovernmentBusinessFuel

UK Military Begins Fuel Delivery Amid Driver Shortage

LONDON 鈥 British military personnel have begun delivering fuel to gas stations after a shortage of truck drivers disrupted supplies for more than a week, leading to long lines at the pumps as anxious drivers scrambled to fill their tanks.

October 4, 2021
BusinessTechnologyEquipmentLogistics

Leasing Firm Avolon Cuts Deal to Convert Airbus A330s for Cargo

Jet-leasing firm Avolon Holdings Ltd. will work with Israel Aerospace Industries Ltd. to convert 30 Airbus SE wide-bodies for use as freighters, targeting an area in which demand has soared during the coronavirus pandemic.

October 4, 2021
GovernmentBusiness

Sinema Denounces House Liberals for Inaction on Infrastructure Bill

Sen.聽Kyrsten Sinema criticized House liberals on Oct. 2 for delaying a vote on the bipartisan infrastructure bill she helped negotiate, blaming them for eroding trust in elected officials.

October 2, 2021
BusinessTechnologyFuel

Rivian Details $1 Billion Loss, Amazon Deal in IPO Filing

Rivian Automotive Inc., the maker of electric pickups backed by Amazon .com Inc., disclosed a net loss of almost $1 billion in the first half of the year in its initial public offering paperwork.

October 1, 2021
GovernmentBusiness

No Deal Yet, but Biden Vows to 鈥楪et It Done鈥

WASHINGTON 鈥 President Joe Biden pledged Oct. 1 at the Capitol to 鈥済et it done鈥 as Democrats strained to rescue a scaled-back version of his $3.5 trillion government-overhaul plan and salvage a related infrastructure bill after days of frantic negotiations. But it's not getting done right now.

October 1, 2021