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.
Minnesota’s $1.3B Transportation Deal Includes Gas Tax Hike
Minnesota lawmakers on May 21 sent the governor a $1.3 billion deal that would index the gas tax to inflation and bolster the state's extensive transportation network.May 22, 2023
Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Challenges Seen for California’s Advanced Clean Fleets Rule
Clean transportation advocates are in a race to transform the trucking industry in California to meet a mandate requiring zero-emission vehicles by 2035, and the challenges are many.
Roadrunner Improves Transit Times
Roadrunner improved transit times across 149 major lanes as part of an ongoing initiative to improve speed across its network, the company announced May 17.May 22, 2023
Chevron to Buy Shale Driller PDC in $6.3 Billion Stock Deal
Chevron Corp. agreed to buy oil and gas producer PDC Energy Inc. in a $6.3 billion all-stock deal as it seeks to expand amid what may be a busy year of mergers and acquisitions in U.S. shale.
Ford Strikes Lithium Deals to Support EV Output
Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.May 22, 2023
GM Rolls Out Electric Silverado Pickup Truck
General Motors Co. is finally pushing into the heart of the electric pickup market with its Chevrolet Silverado work truck starting production this month.
Cement Maker Orders up to 1,000 Volvo Electric Trucks
Volvo Trucks has signed a letter of intent to sell up to 1,000 electric trucks to a single customer in its largest EV order to date, the manufacturer announced May 22.
Biden Delays Bid to Grant EV Makers Renewable Fuel Credits
The Biden administration has dropped, for now, a plan that would have awarded automakers such as Tesla Inc. credits for using renewable natural gas to power electric vehicles.
Federal Reserve Chair Powell Hints at Pause in Rate Hikes
WASHINGTON — Chair Jerome Powell indicated May 19 that the Federal Reserve likely will forgo an increase in its benchmark interest rate when it meets in June.
Walmart Stock Outperforms Target
Walmart shares are outshining those of Target as Wall Street anticipates the shopping behemoth’s broad array of household necessities will offer shelter from slowing economic growth.