Business

About 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.

Business, Fuel

Rivian Sticks With EV Forecast Despite First-Quarter Loss

Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles.

Ed Ludlow and Kara Carlson | Bloomberg News
May 7, 2024
Government, Business, Equipment, Safety

New Idaho Law OKs Truck Idling for Resting Drivers

A new Idaho law takes effect July 1 allowing commercial vehicles to idle when drivers are resting inside and also when perishable goods are being delivered.

Noël Fletcher | Staff Reporter
May 7, 2024
Business, Technology, Equipment

Detroit Reman Completes Expansion of Minnesota Facility

An expansion of Detroit Diesel Remanufacturing’s Hibbing, Minn., plant is complete, doubling the facility’s manufacturing and remanufacturing footprint, the division of DTNA said.

Keiron Greenhalgh | Staff Reporter
May 7, 2024
Government, Business, Technology, Safety, Autonomous

NHTSA Seeks Information From Tesla on Autopilot Fix

DETROIT — Federal highway safety officials want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company’s Autopilot system.

Tom Krisher | Associated Press
May 7, 2024
Government, Business, Fuel

Suspicious Chinese Frying Oil Hurting US Biofuels Business

China is flooding the U.S. with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.

May 7, 2024
Business, Technology, Fuel, Logistics

WattEV’s Bakersfield Battery-Electric Charging Depot Opens

WattEV opened a battery-electric charging depot in Bakersfield, Calif., on May 6, its largest yet, the company said.

Keiron Greenhalgh | Staff Reporter
May 7, 2024
Business, Technology, Logistics, Autonomous

C.H. Robinson Automates Email Responses With AI

C.H. Robinson says it has launched an artificial intelligence platform that automates responses to email requests from shippers seeking answers to commonplace inquiries.

Connor D. Wolf | Staff Reporter
May 7, 2024
Business

FedEx Express’ Coffel Wins Arizona State Championship

To some, driving a commercial truck in the Arizona heat might not sound enjoyable. But to FedEx Express' David Coffel, it is a rewarding experience.

Eugene Mulero | Senior Reporter
May 6, 2024
Business, Logistics, For-Hire

UPS Finance Chief to Leave Parcel Giant to Focus on Health

UPS Inc.’s top financial executive, Brian Newman, plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.

Kiel Porter | Bloomberg News
May 6, 2024
Business, Equipment

Daimler Truck Q1 Profit Rises Even as Sales Fall

Daimler Truck profits rose year-over-year in Q1 2024, with executives and analysts more optimistic about the company’s North American business than its European operations.

Keiron Greenhalgh | Staff Reporter
May 6, 2024