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, Equipment

Judge Warns of Pitfalls in American Tire’s Bankruptcy Plan

The current debtor-in-possession financing plan could risk a lawsuit down the road, Judge Craig T. Goldblatt told lenders at a Nov. 19 hearing in Delaware.

Dorothy Ma | Bloomberg News
November 20, 2024
Government, Business, Logistics

Port Traffic Surging as Companies Rush to Beat Tariffs

Imports at the Port of Los Angeles last month totaled 462,740 20-foot-equivalent units, or TEUs. The port also handled 122,716 export containers and 319,570 empty containers in October.

Laura Curtis | Bloomberg News
November 20, 2024
Business, Technology, Equipment

Jaguar Rebrand Promo Shows Logo, but Where’s the Car?

NEW YORK — A promotional video for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car.

November 20, 2024
Government, Business, Technology, Safety, TCA

GM Opens Lab to Prevent Software Bugs in New Vehicles

WARREN, Mich. — General Motors Co. has developed a software-testing lab inside its Global Technical Center to prevent bugs from entering new vehicles and affecting customers.

Kalea Hall | The Detroit News
November 20, 2024
Business, Equipment

October Medium-Duty Sales Increase 5.5% From 2023

Classes 4-7 total retail truck sales for the month increased 5.5% to 20,484 units from 19,419 a year ago. Sales also increased 11.8% sequentially from the 18,316 reported in September.

Connor D. Wolf | Staff Reporter
November 20, 2024
Government, Business, Fuel

Europe, US Push for Oil Funding Curbs Deal to Outlast Trump

The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects before Donald Trump moves into the White House.

November 20, 2024
Business, Equipment

Ford to Cut 4,000 Jobs in Europe

FRANKFURT, Germany — Ford says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing the economy and weak sales of electric cars.

November 20, 2024
Government, Business

Canada Shares US Concerns About Mexican Trade With China

TORONTO — Canada’s point person for U.S.-Canada relations said she shares U.S. concerns about Mexico serving as a back door for China to import cheaper goods into the North American market.

Rob Gillies | Associated Press
November 20, 2024
Government, Business, Safety

TIA Chides FMCSA for Overlooking Freight Fraud in Proposal

The issue of freight fraud is one that incoming TIA CEO Chris Burroughs said is getting worse, and was among key TIA priorities he outlined during a call with media.

Connor D. Wolf | Staff Reporter
November 20, 2024
Business, Technology, Fuel

Exxon Signs Deal to Supply Lithium to Battery Maker LG Chem

Exxon has signed a preliminary agreement to provide battery metal lithium to an LG Chem plant in the U.S., strengthening the oil major’s role in the domestic critical minerals supply chain.

Yvonne Yue Li | Bloomberg News
November 20, 2024