Tesla Inc. shares wiped out their year-to-date gains Feb. 23 and briefly traded below the level where they were when the electric carmaker entered the S&P 500 Index in December.
February 23, 2021Trucking 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.
BorgWarner Agrees to Buy Akasol AG for $915 Million
BorgWarner Inc. and Akasol AG have signed a business combination agreement intended to position BorgWarner to strengthen its commercial vehicle and off-highway battery systems business.
February 23, 2021Daimler Truck AG Taps Cummins to Supply All Medium-Duty Engines
Daimler Truck AG and Cummins Inc. announced a global partnership for medium-duty diesel engine development and production, and are considering other potential collaborations.
February 23, 2021US House Transportation Leaders Press Biden for Ports Funding
The leadership of the transportation committee at the U.S. House of Representatives is calling on the White House to prioritize a fund used to back maintenance projects at the country’s ports.
February 23, 2021Nikola Two Truck Will Run 900 Miles on Tank of Hydrogen, Company Says
Nikola Corp. announced updates on its zero-emission hydrogen fuel-cell electric commercial truck program as the company vied for attention beside other truck makers in an increasingly crowded space it helped create in 2016 with its introductory announcement.
February 23, 2021Tonnage Dips 2.1% Year-Over-Year in January
January truck tonnage fell 2.1% compared with year-ago levels, but ticked up 1.4% over December 2020 — a continuation of several months’ worth of sequential gains, American Trucking Associations announced.
February 23, 2021Consumer Confidence Rose to Three-Month High in February
Consumer confidence rose in February to a three-month high as Americans grew more upbeat about the current labor market and economy’s progress.
February 23, 2021Fleets Fight Increase in Cargo Theft With High- and Low-Tech Solutions
As if 2020 wasn't difficult enough for trucking, the industry also saw a substantial rise in cargo theft. Here's what some fleets are doing to fight it.
February 23, 2021Fed’s Powell: Economic Recovery Is Uneven, Incomplete
WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Feb. 23 in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
February 23, 2021EPA Changes Stand, Sides With Ethanol Industry on Biofuels
DES MOINES, Iowa — The federal government announced Feb. 22 that it will support the ethanol industry in a lawsuit over biofuel waivers granted to oil refineries under President Donald Trump’s administration.
February 23, 2021Trending
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