The U.S. Postal Service announced it intends to hike prices in October for holiday shipping.
August 12, 2022Trucking 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.
EV Startup Arcimoto Removes CEO Mark Frohnmayer
Electric vehicle manufacturer Arcimoto abruptly removed founding CEO Mark Frohnmayer on Aug. 12, promoting another executive to run the company on an interim basis.
August 12, 2022Battery Giants, Hyundai Concerned by US Moves on China Supplies
South Korea’s biggest electric car batterymakers and Hyundai Motor Co. have expressed concern over new U.S. legislation aimed at boosting domestic production of EVs and reducing the use of Chinese materials.
August 12, 2022Mercedes, CATL Partner on $7.6 Billion Hungary Battery Plant
Mercedes-Benz Group AG will join China’s Contemporary Amperex Technology Co. Ltd. in building a battery factory in Hungary with an investment of as much as $7.6 billion.
August 12, 2022Tesla, Nikola Race for Up to $40,000 Incentives
The Inflation Reduction Act would give up to $40,000 tax credits per heavy-truck purchase, suggesting that competition to get the Tesla Semi to compete with Nikola will heat up.
August 12, 2022DOT Awards $2.2 Billion for Infrastructure Projects
Reducing truck waiting times at ports was a recurrent objective among some of the 166 projects awarded $2.2 billion in infrastructure grants announced by the U.S. Department of Transportation.
August 11, 2022Rivian Cuts Annual Earnings Forecast on Inflation, Supply Woes
Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply chain snags, high costs and economic volatility.
August 11, 2022Pennsylvania Experts, Lawmakers Ponder AV Safety Regulations
When it comes to autonomous vehicles, there isn’t just one way to go about safety. State regulators draft legislation. Independent firms create recommendations. Individual companies devise their own protocols. Stakeholders can agree on one thing: Safety is important.
August 11, 2022US Class 8 Retail Sales in July Present Mixed Picture
Class 8 U.S. retail sales in July rose 21.9% higher compared with a year earlier but stalled when measured against the past four months, Wards Intelligence reported. All truck makers but one reported gains.
August 11, 2022Perspective: Taking Industry Action on AB 5
The Transportation Intermediaries Association was extremely disappointed that the Supreme Court elected not to hear California Trucking Association's challenge to the Ninth Circuit ruling.
August 11, 2022Trending
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