Trucking Business News

About 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.

GovernmentBusinessLogistics

US Ports Face Renewed Congestion Amid China Reopening

As China lifts its latest coronavirus lockdowns, experts worry the resulting influx of goods flowing from the country could renew bottlenecks at ports in the United States.

June 23, 2022
GovernmentBusinessFuel

Gas Tax Holiday Would Increase Prices, Hess CEO Says

President Joe Biden’s plan to suspend the federal gasoline tax would only make things worse for U.S. drivers, one industry CEO said ahead of a meeting in Washington between oil executives and administration officials.

June 23, 2022
GovernmentBusinessTechnologyFuel

Electric Vehicle Working Group Seeks Members by July 15

Nominations of truckers, local officials, regulators, labor union members and vehicle manufacturers are being sought by July 15 to serve on a new electric vehicle federal advisory group under the Joint Office of Energy and Transportation.

June 23, 2022
BusinessTechnologyFuelAutonomous

CATL Unveils EV Battery With Longer Range

Contemporary Amperex Technology Co. Ltd. unveiled an electric car battery it said has a range of over 620 miles (1,000 kilometers) on a single charge and is 13% more powerful than one planned by Tesla Inc., a major customer.

June 23, 2022
GovernmentBusinessTechnologySafetyAutonomous

Einride Gets NHTSA Approval to Test Driverless Pods on US Roads

Electric truck maker Einride AB has received approvals to test its driverless vehicle on public roads in the U.S., paving the way for the company to conduct a pilot with partner GE Appliances.

June 23, 2022
GovernmentBusinessTechnologyEquipmentSafetyAutonomous

NHTSA Reports ADS, ADAS 12-Month Crash Data

The National Highway Traffic Safety Administration, for the first time, collected and analyzed data on crashes involving vehicles using SAE Level 2 advanced driver assistance systems, and separately, SAE Levels 3-5 automated driving systems.

June 23, 2022
BusinessTechnologyEquipmentFuel

Biden Calls for Three-Month Suspension of Gas, Diesel Taxes

WASHINGTON — President Joe Biden on June 22 called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers.

June 22, 2022
BusinessFuelAutonomous

Elon Musk Says New Tesla Plants Are Losing Billions

Elon Musk said Tesla Inc.’s new plants in Germany and Texas are losing “billions of dollars” as the electric vehicle maker tries to ramp up production.

June 22, 2022
GovernmentBusinessFuel

Trevor Milton Indicted on New Fraud Charge

Nikola Corp. founder Trevor Milton, who is scheduled to go on trial next month on charges he misled investors about the company’s business prospects, was indicted for allegedly defrauding the previous owner of his Utah ranch, which Milton used as collateral for his bail.

June 22, 2022
GovernmentBusinessSafety

Senate Panel Approves FMCSA Nominee Robin Hutcheson

President Joe Biden’s nominee to lead the federal agency on trucking affairs was easily approved by a U.S. Senate panel on June 22.

June 22, 2022