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.
Electric TRUs, Diesel Hybrids Pave Path for Reefer Transport
As its technology advances, the omnipresent transport refrigeration unit remains the workhorse of the refrigerated transportation market with room to grow.
Wyoming Gets Tough on Drivers Ignoring Road Closure Signs
A new law in Wyoming is aimed at reducing blow-over crashes of light and high-profile vehicles.
Two Suspected Houthi Attacks Strike Ships in Red Sea
DUBAI, United Arab Emirates — Two suspected attacks by Yemen’s Houthi rebels targeted ships in the Red Sea on July 15, as a new U.S. aircraft carrier approached the region to provide security.
Perspective: The US Needs Lithium Independence
The race for lithium, the lifeblood of modern batteries, is on. Spurred by the adoption of electric vehicles, the use of lithium has extended to the trucking industry.
Cleveland-Cliffs to Buy Canada’s Stelco for $2.8 Billion
Cleveland-Cliffs agreed to buy Canadian steelmaker Stelco Holdings for about $2.8 billion, in the company’s first major move after losing out in its bid for U.S. Steel Corp. last year.
Battery Startup Enerpoly Taps Ex-Northvolt Staff
Swedish startup Enerpoly AB has recruited two former Northvolt executives as it seeks to transform the mundane alkaline battery into an affordable option for the energy-storage industry.
VinFast Delays North Carolina Plant
VinFast Auto Ltd.’s decision to delay its U.S. factory is the latest challenge to its ambition of becoming a global electric vehicle brand and places further pressure on its sales outlook.
AutoNation Warns CDK Hack Put a Dent in Quarterly Earnings
AutoNation warned the cyberattack that crippled retailers across the country until early this month cost the company a significant chunk of second-quarter earnings.
World’s First Hydrogen-Powered Ferry to Run in San Francisco
SAN FRANCISCO — The world’s first hydrogen-powered commercial passenger ferry will start operating on San Francisco Bay as part of plans to phase out diesel-powered vessels.
Maersk Tankers Bet Billions on Ammonia Fuel Carriers
Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that’s scarcely being produced today, wagering it will become integral to decarbonization.
July 15, 2024