Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the COVID-19 pandemic roils markets.
November 13, 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.
Panel Discusses What’s Ahead for Greener Diesel
Diesel can play a central role for the transportation sector as it moves toward a more sustainable future, a panel of experts said.
November 12, 2020China Oil Giant Eyes New Supertankers to Shrink Diesel Glut
China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil.
November 12, 2020Senate Committee Unveils Fiscal 2021 Transportation Funding Bill
The U.S. Senate committee that oversees funding across the federal government unveiled a plan for fiscal 2021 that will ensure operations continue uninterrupted across agencies, including the Federal Motor Carrier Safety Administration.
November 12, 2020Documentation, Clarity Essential for Contractors, Experts Say
Experts stressed the importance of documentation and clarity for companies that work with independent contractors during a session at the Women In Trucking Association’s annual conference.
November 12, 2020ZF Steers Course Deeper Into Commercial Vehicle Opportunities
ZF Friedrichshafen AG is looking to nearly double its 2019 revenue from its commercial vehicle segment, which now includes its $7.1 billion acquisition of Wabco Holdings Inc.
November 12, 2020OOIDA Granted Motion for Leave to Intervene in HOS Case
The U.S. Court of Appeals for the District of Columbia Circuit has granted the Owner-Operator Independent Drivers Association’s motion for leave to intervene in the court case about the updated federal hours-of-service regulations.
November 12, 2020White House Leaves Stimulus to Congress After Failed Talks
The Trump administration is stepping back from negotiations on a new stimulus package and leaving it to Senate Majority Leader Mitch McConnell to revive long-stalled talks with House Speaker Nancy Pelosi, according to people familiar with the situation.
November 12, 2020Elaine Chao Helps Kick Off Women In Trucking Association’s Conference
The Women In Trucking Association’s annual conference, held virtually out of safety concerns related to the coronavirus pandemic, kicked off with a message of positivity Nov. 12.
November 12, 2020IG Report Outlines Top Management Challenges for FMCSA
A federal oversight report calls on the Federal Motor Carrier Safety Administration to provide more “robust oversight” of states’ compliance with commercial driver license and driver medical exam requirements.
November 12, 2020