Nuclear verdicts can be detrimental to motor carriers and their insurance rates, but carriers can mitigate risk by utilizing technology, documenting and sharing safety efforts, and taking advantage of the first 24 hours if a claim occurs.
August 15, 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.
Average Gasoline Price Falls 45 Cents to $4.10 per Gallon
CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon.
August 15, 2022Congress OKs Dems’ Climate, Health Bill
WASHINGTON — A divided Congress gave final approval Aug. 12 to Democrats’ flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their hold on Congress in November’s elections.
August 12, 2022NHTSA Administrator Steven Cliff Leaves for CARB
Steven Cliff, the head of the National Highway Traffic Safety Administration, is stepping down from his post for a leadership role at the California Air Resources Board.
August 12, 2022Stellantis May Invest Billions to Make EVs in Mexico
Stellantis NV is considering renovating a plant in Mexico to build hybrid and electric vehicles as it transforms its lineup to meet surging demand for battery-powered transport.
August 12, 2022USPS to Hike Prices in October for ‘Peak Holiday Season’
The U.S. Postal Service announced it intends to hike prices in October for holiday shipping.
August 12, 2022EV 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, 2022Trending
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