The Federal Motor Carrier Safety Administration has issued a proposed rule that establishes financial security requirements for freight forwarders, taking further action on legislation that stretches back more than a decade.
January 5, 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.
Tesla’s Board Takes Heat Over CEO Succession Planning
Tesla Inc.’s board of directors is facing mounting pressure to prove just how prepared they are for the potential loss of Elon Musk, the erratic CEO largely behind the breakneck rise and dramatic fall in the company’s valuation.
January 5, 2023EV Tax Credit Rulings Please Some Automakers, Exclude Others
The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.
January 5, 2023Auto Sales Fell 8% in 2022 Amid Supply Chain Struggles
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade.
January 5, 2023Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts
Amazon.com Inc. is laying off more than 18,000 employees — the biggest reduction in its history — in the latest sign that a tech-industry slump is deepening.
January 5, 2023Labor Data Surprises as Job Market Runs Hotter Than Forecast
Data released Jan. 5 reinforced the strength of the labor market, with hiring at U.S. companies far exceeding expectations and applications for jobless benefits falling to a three-month low.
January 5, 2023Biden, McConnell Announce $1.4 Billion Brent Spence Bridge Grant
Efforts to improve the Brent Spence Bridge in northern Kentucky took a step forward on Jan. 4 when President Joe Biden announced a nearly $1.4 billion grant toward the Brent Spence Bridge project.
January 4, 2023Torc Announces Collaboration With Foretellix
°®¶¹´«Ã½, an independent subsidiary of Daimler Truck AG, announced a multiyear strategic collaboration with Foretellix, a provider of verification and validation solutions for automated driving systems, intended to reduce development costs and accelerate time-to-market.
January 4, 2023Secretaries Granholm, Buttigieg to Headline 2023 TRB Conference
Biden administration Cabinet secretaries Pete Buttigieg and Jennifer Granholm are headlining this year’s annual meeting of the Transportation Research Board.
January 4, 2023Utility Converts Dealer in Michigan
Utility Trailer Manufacturing Co. announced Royal Truck & Utility Trailer, formally Royal Truck & Trailer, is now the full-service Utility dealer for the state of Michigan.
January 4, 2023Trending
Newsletter Signup
Subscribe to Transport Topics
