The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled.
November 15, 2024Trucking 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.
Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals
Legendary Trucker Gene England of C.R. England Dies
Gene England, a trucking industry legend, World War II veteran and beloved family man, died at the age of 105, C.R. England announced Nov. 14.
November 15, 2024GXO Plans 400 More Layoffs This Year
GREENWICH, Conn. — GXO Logistics this year has laid off more than 500 employees in the U.S., while it plans to cut nearly 400 more positions across two sites, according to public records.
November 15, 2024Cruise Admits to Falsifying Report Over 2023 Crash
Autonomous vehicle maker Cruise has admitted to a federal charge and agreed to pay a $500,000 fine in connection with a crash last year involving one of its vehicles that left a person injured.
November 15, 2024Driverless Tech Firm Pony.ai Seeks Up to $195 Million in IPO
Pony.ai Inc. is looking to raise as much as $195 million from its U.S. initial public offering as automotive-related companies lead a modest pickup in Chinese listings.
November 15, 2024Biden Races to Get Out Infrastructure Spending
Biden administration officials hope that projects funded under the $1 trillion infrastructure law and $375 billion climate law will endure beyond the president's term.
November 15, 2024Workers at Canada’s National Postal Service Go on Strike
TORONTO — Workers at Canada’s national postal service are on strike after failing to reach a negotiated agreement with Canada Post.
November 15, 2024General Motors Lays Off About 1,000 Workers
DETROIT — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
November 15, 2024Volvo Aims to Raise Share of North American Truck Market
Volvo Trucks is targeting a 25% North American heavy-duty truck market share by 2030, according to executives at the company.
November 15, 2024Tesla, Rivian Drop on Report Trump Wants to End EV Credit
U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.
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