NEW YORK — Americans cut back on spending in December, the second consecutive month they’ve done so.
January 18, 2023Trucking 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.
California Trucking Group Rekindles Legal Battle to Block AB 5
The California Trucking Association has asked a federal judge to issue a new preliminary injunction in an attempt to continue its legal battle to block enforcement of California’s AB 5 law that CTA maintains will force owner-operators to become motor carrier employees.
January 18, 2023Nikola Develops Hydrogen Mobile Fueler to Use in 2023
Nikola Corp. announced it developed a heavy-duty, 700-bar hydrogen mobile fueler capable of direct fueling hydrogen fuel cell electric vehicles.
January 18, 2023December Classes 4-7 Retail Sales Stumble
U.S. retail sales for medium-duty trucks experienced a 6.2% year-over-year decline in December, Wards Intelligence reported.
January 18, 2023Producer Price Index Sees Biggest Decline Since April 2020
U.S. producer prices dropped in December by the most since the start of the pandemic, extending a monthslong pullback in inflationary pressures and giving the Federal Reserve room to slow the pace of interest-rate hikes.
January 18, 2023Volvo Group Venture Capital Invests in Autonomous Tech Firm Waabi
Volvo Group Venture Capital AB on Jan. 18 said it is investing in Canadian autonomous trucking technology company Waabi Innovation Inc.
January 18, 2023DOT Unveils Strategic Safety Plan
Evaluating existing technologies and supporting emerging technologies will facilitate the adoption of safety programs for the country’s mobility corridors, a new strategic plan from the Department of Transportation determined.
January 17, 2023Jury Selection Begins for Musk’s Tesla Tweets Trial
A Silicon Valley judge began questioning potential jurors Jan. 17 to hear allegations that Elon Musk cheated Tesla investors by claiming in a 2018 tweet that he had lined up financing to take the electric automaker private.
January 17, 2023New York Extends Length of Commercial Driver Learner's Permits
New York has extended the validity for its commercial learner permit from six months to a year to help offset a shortage of commercial drivers.
January 17, 2023RoadOne Acquires Intermodal Service Provider
RoadOne IntermodaLogistics announced the acquisition of The Transporter Inc., a regional intermodal service provider with office locations in Houston, Dallas and Laredo, Texas.
January 17, 2023Trending
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