The European Union’s top court ruled that Volkswagen breached the law by installing on its cars a so-called defeat device to cheat on emission tests and cannot argue it was merely protecting car engines.
December 17, 2020Trucking 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.
Tesla Beats Detroit Rivals by Almost Two Years on Brake Safety
Tesla is the lone U.S. automaker to meet a commitment to equip all its models with automatic emergency braking almost two years ahead of schedule.
December 17, 2020Airfreight Booking Site Cargo.one Receives $42 Million in Funding
Cargo .one, which operates an online system for airfreight booking, raised $42 million from investors after the COVID-19 crisis helped to drive new business.
December 17, 2020US Jobless Claims Rise to 885,000 Amid Resurgence of Virus
The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September.
December 17, 2020ASCE Gives Utah C+ on Infrastructure Report Card
Utah earned a C+ on its most recent infrastructure report card, according to preliminary findings from the American Society of Civil Engineers.
December 17, 2020Amazon Alabama Workers Get Chance for First-in-US Union
Amazon .com Inc. workers at an Alabama warehouse were given the go-ahead by federal regulators to vote on whether to form what would be the first union at a U.S. facility of the e-commerce giant.
December 16, 2020Fed to Maintain Bond Buys Until Economy Improves
The Federal Reserve strengthened its commitment to support the U.S. economy, promising to maintain its massive asset purchase program until it sees “substantial further progress” in employment and inflation.
December 16, 2020COVID Drives Trucking Industry Consolidation
The economic fallout from the impact of the coronavirus pandemic has prompted a number of carriers to consolidate.
December 16, 2020CEO of Arrival Aims to Make Electric Buses, Vans in Microfactories
Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.
December 16, 2020Batteries for Electric Cars Speed Toward Tipping Point
According to a survey conducted by BloombergNEF, electric vehicle makers soon will be producing models that are as affordable — and as profitable — as comparable combustion-engine models.
December 16, 2020