Trucking Business News

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.

GovernmentBusiness

No Vote Held on Infrastructure, but Talks to Resume

WASHINGTON — Despite a long night of frantic negotiations, Democrats were unable late Sept. 30 to reach an immediate deal to salvage President Joe Biden’s $3.5 trillion government overhaul, forcing leaders to call off promised votes on a related infrastructure bill. Action is to resume Oct. 1.

October 1, 2021
GovernmentBusinessTechnologyFuel

ATRI Report Urges Electric Tax to Help Fund Highway Repairs

A new report from the American Transportation Research Institute suggests that a small tax on electricity used specifically for transportation would produce much-needed support for the federal Highway Trust Fund, revenue from which pays for work on the nation’s roads and bridges.

September 30, 2021
GovernmentBusinessLogistics

Port Leaders Warn of Supply Chain Challenges as Holidays Near

AUSTIN, Texas — The leader of one of the nation’s busiest seaports said the next several months will severely challenge an already overtaxed supply chain, and the situation has reached a “crisis” level.

September 30, 2021
GovernmentBusinessLogistics

Transportation Stakeholders Focus on Potential Legislative Changes

Federal lawmakers are working on numerous regulatory and legislative changes that could impact transportation, experts highlighted Sept. 29 at the Coyote Logistics Digital Summit.

September 30, 2021
GovernmentBusinessTechnologySafety

FMCSA Advised to Give Drivers 90 Days to Replace Recalled CPAP Devices

A medical advisory board to the Federal Motor Carrier Safety Administration has recommended that medical examiners be permitted to offer truck drivers alternative treatment options to sleep apnea machines that are subject to a massive recall.

September 30, 2021
BusinessTechnologyLogistics

Lordstown to Sell Ohio Plant to Foxconn in $280 Million Deal

Lordstown Motors Corp. agreed to partner with Foxconn Technology Group in a $280 million deal that has the startup selling its former General Motors Co. factory in Ohio to the Taiwanese company in exchange for cash and an equity investment.

September 30, 2021
GovernmentBusiness

Lawmakers, Stakeholders Press for Port Infrastructure Funds

WASHINGTON — Funding included in a $3.5 trillion budget bill meant to improve conditions at the country’s commercial ports is backed by congressional transportation leaders, the Biden administration and industry stakeholders.

September 30, 2021
BusinessTechnologyEquipment

New EV Charger Can Provide 62 Miles of Range in 3 Minutes

ABB Ltd. is preparing to roll out the first of its ultra-fast charging stations in a matter of weeks, providing enough power in less than three minutes to charge any electric car to drive 62 miles.

September 30, 2021
BusinessLogistics

Car Sales Drop as Chip Shortages Stymie Buyers

After sounding an optimistic note in the first half of the year as soaring car prices padded their profits, auto executives have become more resigned to supply chain headaches after recent COVID-19 outbreaks in Malaysia hampered semiconductor production.

September 30, 2021
GovernmentBusiness

Capitol Cliffhanger: Federal Funding, Infrastructure Bill Decisions Due

WASHINGTON — His government overhaul plans at stake, President Joe Biden appeared unable to swiftly strike agreement with two wavering Democratic senators trying to trim back his potentially historic $3.5 trillion measure that will collapse without their support.

September 29, 2021