Loved piece about early mode of transport (10)
I believe the answer is:
velocipede
'early mode of transport' is the definition.
(old name for a bicycle)
'loved piece about' is the wordplay.
'about' is an anagram indicator.
'loved'+'piece'='lovedpiece'
'lovedpiece' with letters rearranged gives 'VELOCIPEDE'.
(Other definitions for velocipede that I've seen before include "Old bicycle" , "Early bike" , "early form of transport" , "Early bicycle with pedals on the front wheel" , "Early form of bicycle" .)