California, already paying record prices for motor fuel, is set to shell out even more with the Golden State more exposed to surging oil prices than the rest of the country in the wake of Russia’s invasion of Ukraine.
March 3, 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.
Musk Invites UAW to Hold Organizing Vote at Factory
DETROIT — Elon Musk is inviting the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, Calif.
March 3, 2022Buttigieg Defends Infrastructure Law’s Implementation Before US Senate Panel
Provisions approved in the country’s premier federal infrastructure law will alleviate supply chain bottlenecks and assist the economy, the U.S. Secretary of Transportation told a Senate panel March 2.
March 3, 2022Brokers Expect Rising Contract Rates for 2022
Freight brokerage firms are anticipating that contract rates will keep rising this year, with a slowdown not expected until year’s end.
March 3, 2022More Carriers Announce Driver Pay Raises
Carriers continue to hike pay in hopes of stemming the driver shortage, with Cargo Transporters, B&G Supply Co., Montgomery Transport and Two Marines Moving among the latest to announce raises.
March 3, 2022Rivian Cancels Price Hikes for Existing Customers After Outcry
Rivian Automotive Inc. dropped to a record low after the electric-vehicle maker rolled back price increases on its debut cars for existing customers, marking an about-face as it ramps up production and seeks to win over more buyers.
March 3, 2022February Class 8 Orders Mirror Weak Production Levels
Preliminary North American Class 8 orders in February came in at 21,000, or essentially even with January’s volume, but were less than half of what fleets ordered a year earlier, ACT Research reported, citing truck makers’ initial data.
March 3, 2022Mobile Airport, Port Authority Awarded $100 Million Federal Grant
Two Mobile, Ala., transportation agencies are getting a combined $100 million in federal grant money to support various projects, including the construction of a new international airport terminal at the Brookley Aeroplex.
March 3, 2022Toyota, Honda Join Growing Corporate Retreat From Russia
Japan’s biggest carmakers joined the widening global corporate pullback from Russia, following the likes of Ford Motor Co. and Exxon Mobil Corp., which have chosen not to do business there after the invasion of Ukraine.
March 3, 2022Renault Has No Good Options as Other Automakers Turn on Russia
After the invasion of Ukraine, international carmakers are winding down Russian operations in droves.
March 3, 2022Trending
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