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.

BusinessTechnologyFuel

Lucid to Deliver 520-Mile Electric Sedan in October

Lucid Group Inc. has started production on its debut electric consumer car, with deliveries to begin at the end of October.

September 28, 2021
GovernmentBusiness

Yellen Warns Delay in Raising Debt Limit Will Slow Economy

WASHINGTON — Treasury Secretary Janet Yellen sounded an urgent call Sept. 28 for Congress to raise the government’s borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so.

September 28, 2021
BusinessTechnologyEquipmentFuel

GM Debuts Midsize Electric Delivery Van

General Motors Co.’s electric van unit plans to build a new midsized cargo hauler called the EV410, and has signed up Verizon Communications Inc. as the first buyer, the company said Sept. 28.

September 28, 2021
GovernmentBusinessFuel

Why and How the UK Is Experiencing a Fuel Crisis

LONDON — Long lines are snaking down streets across the U.K. as drivers struggle to fill up their cars, causing widespread traffic misery and worries over whether emergency services can do their work.

September 28, 2021
GovernmentBusiness

Raimondo Says CEOs More Reasonable on Taxes Than Lobbyists

Commerce Secretary Gina Raimondo made a fresh pitch for President Joe Biden’s plan to raise corporate taxes, saying lower rates have failed to have much impact and that the chief executive officers she speaks to privately are “much more reasonable” on taxes than the trade groups who are aggressively lobbying against increases.

September 28, 2021
BusinessTechnologyFuel

Total Sees Oil Demand Peaking Before 2030 in Power Switch

French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, as more nations crack down on fossil fuels and promote cleaner power in transport and industry to mitigate global warming.

September 28, 2021
GovernmentBusinessFuelLogistics

European Energy Prices Surge to Records as Supply Crisis Spreads

European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts. Stockpiles of everything from gas to coal and Norwegian water for electricity production are dwindling and there are few signs the situation will improve anytime soon as demand continues to roar back from a pandemic-driven lull.

September 28, 2021
BusinessTechnologySafetyFuel

Pandemic Shopping Spree Fuels Rebound in Shipping Emissions

The pandemic-driven shopping spree is having at least one unintended consequence: Emissions from shipping are on the rise again.

September 28, 2021
BusinessTechnologyEquipmentAutonomous

Toyota Banks on Mobility Technology for Future Growth

TOKYO — Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc., a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving.

September 28, 2021
BusinessFuelTCA

Ford Plans Three EV Battery Factories, Auto Plant in Ky., Tenn.

In the single largest manufacturing investment in its 118-year-history, Ford Motor Co. on Sept. 27 said it and a partner will invest $11.4 billion and create 11,000 new jobs to build electric vehicles and batteries at two new sprawling campuses in Tennessee and Kentucky.

September 27, 2021