Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups growing in both number and force, a European naval commander said.
July 3, 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.
Houthi Threat Triggers Surge in Pirate Attacks Off Somalia
ATRI Report: Cost of Operating a Truck Up 6.6% in 2023
The total marginal cost of operating a truck in 2023 rose to a record $2.270 per mile despite fuel costs that fell by 8.8 cents per mile, the American Transportation Research Institute said.
July 3, 2024US Trade Deficit Widens to Largest Since 2022
The U.S. trade deficit widened in May to the largest since 2022 as a decline in exports of merchandise exceeded a drop in imports.
July 3, 2024Default Risks Rising for Truck Parts Maker Accuride
Commercial truck parts maker Accuride is burning cash in the wake of pricing actions and weaker-than-expected demand, according to S&P Global Ratings.
July 3, 2024Chinese Firms Eye Morocco to Cash In on US EV Subsidies
TANGIERS, Morocco — After the U.S. passed subsidies designed to boost domestic EV production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in Morocco.
July 3, 2024US New Vehicle Sales Rise Year-Over-Year in Q2 — Barely
U.S. new-vehicle sales rose only slightly in the second quarter despite larger discounts and slightly lower prices.
July 2, 2024Kentucky College Offering Evening CDL Classes to Meet Demand
Kentucky’s Gateway Community & Technical College is offering its first commercial driver license evening classes to help meet demand for new truck drivers in the state.
July 2, 2024Biden Proposes Rule to Protect Workers From Extreme Heat
WASHINGTON — President Joe Biden proposed a new rule to address excessive heat in the workplace, warning that high temperatures are the country’s leading weather-related killer.
July 2, 2024White House Seeks Funds for Baltimore Bridge Repairs
The leader of the Senate budget panel endorsed a recent emergency funding request from the White House specific to repairing a bridge that collapsed in Baltimore this year.
July 2, 2024Stellantis Invests Additional $55M in Electric Air Taxi
Stellantis has invested an additional $55 million in the electric air taxi company Archer Aviation following a successful test flight and other major milestones.
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