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.

Government, Business, Safety, For-Hire

Groups Support Werner in Legal Filing Over ‘Nuclear’ Verdict

The Texas Trucking Association and another advocacy group have filed a “friend of the court” brief with the Texas Supreme Court asking that it reject a $100 million lower-court accident verdict against Werner Enterprises.

Eric Miller | Senior Reporter
February 28, 2024
Business, Technology, Equipment, Autonomous

TMC Sessions to Highlight Vehicle Spec’ing

American Trucking Associations’ Technology & Maintenance Council is set to explore the importance of proper spec’ing during its annual conference starting March 4.

Connor D. Wolf | Staff Reporter
February 28, 2024
Business, Safety

Update: Seroka Optimistic About Cargo Levels in 2024

Port of Los Angeles Executive Director Gene Seroka is still wary over developments in the Red Sea and Panama Canal.

February 28, 2024
Business, Technology, Fuel

Tesla Cybertruck Review: It’s Weird, Brash, but Not Bad

Bloomberg News reporter Hannah Elliott rents a Tesla Cybertruck for a day, and finds its nimble performance and thoughtful interior a fascinating juxtaposition to its crude design.

Hannah Elliott | Bloomberg News
February 28, 2024
Government, Business

California Offers Online CDL Renewals

California has made it easier for truck drivers to renew their commercial driver licenses through a new online option that is part of the state’s customer-focused digital transformation.

Noël Fletcher | Staff Reporter
February 28, 2024
Government, Business

US Economy Grew Solid 3.2% in Fourth Quarter

WASHINGTON — The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Feb. 28.

Paul Wiseman | Associated Press
February 28, 2024
Business, Technology, Equipment

Range Energy Raises $23.5 Million in New Financing

Electric trailer startup Range Energy raised $23.5 million in new financing as it seeks to take advantage of government incentives for decarbonizing transportation.

Tope Alake | Bloomberg News
February 28, 2024
Government, Business, Logistics, Private

Canada to Invest in Revamp of Port Windsor Grain Terminal

Canada is investing up to $26.3 million to improve multimodal operations in Port Windsor in Ontario at a key grain terminal operated by U.S.-based Archer Daniels Midland Co. that handles corn, soya and canola.

Noël Fletcher | Staff Reporter
February 27, 2024
Business, Technology, Fuel, Autonomous

Apple Cancels Work on Autonomous Electric Car

Apple Inc. is ending a decadelong effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in company history.

Mark Gurman | Bloomberg News
February 27, 2024
Business, Safety, Logistics

Seroka Optimistic About Cargo Levels in 2024

Port of Los Angeles Executive Director Gene Seroka says container volumes in the first quarter are strong, and the rest of the year looks as though more typical cargo levels will return.

Dan Ronan | Senior Reporter
February 27, 2024