Business
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.
Truck Software Developer Platform Science Raises $125M
Platform Science raised $125 million in capital to accelerate the launch of its software platform with additional truck manufacturers, a spokesperson for the company said April 16.
Truckbase Business Overview, Features, Reviews 2024
Truckbase has emerged as the next-generation truck dispatch software leader with its suite of easy-to-use tools for truckload carriers.
Fed’s Powell: Elevated Inflation Will Likely Delay Rate Cuts
WASHINGTON — Federal Reserve Chair Jerome Powell cautioned April 16 that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year.
March Medium-Duty Sales Hit Five Months of Gains
U.S. retail sales for medium-duty trucks hit their fifth consecutive month of year-over-year gains in March but at a lower rate of 0.7%, according to data from Wards Intelligence.
Amazon Prime Memberships in US Gain 8% to New High
Amazon.com Inc.’s Prime subscription service hit a new high of 180 million U.S. shoppers in March, up 8% from a year earlier, according to Consumer Intelligence Research Partners.
Volvo CTO: Society to Help Decide Zero-Emission Vehicle Mix
GOTHENBURG, Sweden — The dominant choices for zero-emission commercial vehicles will ultimately be decided by truck buyers, executives from Volvo Group said.
Ohio Turnpike Completes Open-Road Tolling Project
A new tolling system featuring open-road tolling lanes is complete along the 241-mile stretch of the Ohio Turnpike, signaling the end of its largest construction project in its history.
Motive Announces Array of AI Products, Services
NASHVILLE, Tenn. — Motive has announced an array of AI products and services designed for driver safety and greater visibility and control over motor carrier and other related operations.
Port of Portland to End Terminal 6 Cargo Container Handling
The Port of Portland will shut down its cargo container handling operation at North Portland’s Terminal 6, saying an effort to lease the site to a third-party operator had fallen through.
Crews Race to Remove Chunks of Fallen Baltimore Bridge
SPARROWS POINT, Md. — Crews are using the largest crane on the Eastern Seaboard to haul the wreckage from Baltimore’s Francis Scott Key Bridge collapse to a nearby salvage yard.
Nissan Says It Will Make Next-Gen EV Batteries by 2029
YOKOHAMA, Japan — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said April 16.