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.

BusinessTechnologyFuelAutonomous

Tesla Reportedly Delays Cybertruck by a Year to Late 2022

Tesla Inc.’s Cybertruck pickup has fallen about a year behind schedule, blog Electrek reported, citing remarks CEO Elon Musk made on a companywide call with employees.

September 3, 2021
BusinessTechnologyEquipment

Nikola, Bosch Partner on Fuel Cell Manufacturing

Nikola Corp. announced an agreement to build fuel cell power modules using technology licensed from Bosch Group.

September 3, 2021
BusinessEquipment

Class 8 Orders in August Hit Five-Month High

North American Class 8 orders in August nearly hit 37,000, marking a five-month high with demand showing no sign of a letup, and also no letup from issues causing problems in filling them, ACT Research reported.

September 3, 2021
GovernmentBusinessFuel

Exxon Taps Strategic Oil Reserve After Ida Shuts Gulf Output

ExxonMobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left much of the devastated state’s refining and oil production offline.

September 3, 2021
GovernmentBusinessFuel

Port Fourchon Sustains Less Hurricane Damage Than Feared

BATON ROUGE, La. — A critical port that serves as the primary support hub for the Gulf of Mexico’s deepwater offshore oil and gas industry sustained less damage from Hurricane Ida’s direct hit than initially feared and should be back to working operations “in the near future,” a port leader said Sept. 2.

September 3, 2021
BusinessTechnologyFuel

Daimler Rejects Environmental Groups’ Climate Demand

BERLIN — German automaker Daimler on Sept. 3 dismissed a “cease and desist” demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030.

September 3, 2021
GovernmentBusiness

Hiring Slows to 235,000 Jobs After Two Strong Months

WASHINGTON — America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.

September 3, 2021
GovernmentBusiness

Manchin Urges Pause on $3.5 Trillion Bill

Sen. Joe Manchin is demanding a “strategic pause” in action on President Joe Biden’s economic agenda, potentially imperiling the $3.5 trillion tax and spending package that Democratic leaders plan to push through Congress this fall.

September 2, 2021
BusinessTechnologyLogistics

GM, Ford Halt Some Production as Chip Shortage Worsens

DETROIT — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks..

September 2, 2021
Business

Walmart Boosts Average Hourly Wage to $16.40

Walmart Inc. said it will raise wages for a swath of its U.S. workforce, bringing its average hourly wage to $16.40 as the big-box retailer competes for employees amid a labor shortage.

September 2, 2021