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.
Warehouses Look at Ways to Improve Recruitment, Retention
The use of automation in warehouses to streamline efficiencies, already part of the conversation pre-pandemic, has accelerated.
Global Chips Battle Intensifies With $81B Subsidy Surge
Superpowers led by the U.S. and European Union have funneled $81 billion toward cranking out the next generation of semiconductors, escalating a showdown with China for chip supremacy.
May 13, 2024NHTSA Probes Zoox After Two Autonomous SUV Crashes
NHTSA has opened an investigation into Zoox, the autonomous vehicle subsidiary of Amazon.com Inc., after two incidents in which its SUVs suddenly braked and were rear-ended.
US Class 8 Truck Sales Decline 13% in April
U.S. Class 8 retail sales continued the trend of year-over-year declines by falling 12.9% in April, according to data from Wards Intelligence.
Goodyear Q1 Loss Narrows as Restructuring Plan Takes Effect
Losses at tire manufacturer Goodyear narrowed in the first quarter of 2024 due in part to an ongoing restructuring that won positive reviews from analysts.
M&A Deals Require Intention and Involvement During Process
The joining of trucking companies comes with challenges throughout the merger and acquisition process. The slow-moving procedure was exacerbated during the boom/bust cycle of 2022-23.
Freight Market Stabilization Bolsters M&A Optimism
As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.
60 Seconds: Daimler Unwraps Autonomous, Electric Demonstration Truck
Freightliner eCascadia-based tractor equipped with Torc Robotics self driving software will execute runs between Laredo and Dallas in Texas first. Daimler Truck intends to start serial production of autonomous trucks, albeit with conventional engines, in 2027. By Keiron Greenhalgh
May 10, 2024New Partnership Brings Renewable Diesel to Southeast US
A new source of renewable diesel is making its way into the southeastern U.S. for commercial operations including trucks operating at the Port of Savannah.
BP Keen to Buy Tesla Supercharging Sites for US Expansion
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.