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

Trailer Orders Fall Amid Weak Order Season

U.S. trailer orders in January declined sequentially and from the prior year, according to ACT Research. The sequential fall-off was the first since November.

Connor D. Wolf | Staff Reporter
February 22, 2024
Government, Business, Technology, Equipment

Volvo Stays Positive on Class 8 Truck Sales Prospects in ’24

Volvo Trucks North America is forecasting a solid year for Class 8 sales, but expects activity soon for a pre-buy of new trucks ahead of federal emission rules taking effect in 2027.

February 22, 2024
Business, Technology

Rivian Plans to Cut 10% of Salaried Staff as EV Rush Stalls

Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts.

Ed Ludlow and Aashna Shah | Bloomberg News
February 22, 2024
Government, Business, Logistics

FMCSA Planning New Study on Detention Time

FMCSA is planning an in-depth research study that will analyze data collected by approximately 80 carriers and 2,500 drivers to help determine the frequency and severity of detention time.

Eric Miller | Senior Reporter
February 22, 2024
Business, Technology, Equipment

ZF Eyes US Commercial Vehicle Drivetrain Sales Expansion

Some of component manufacturer ZF’s latest product launches are set to service the growth in trucks using nontraditional fuels.

Keiron Greenhalgh | Staff Reporter
February 21, 2024
Government, Business, Logistics

Virginia Officials Laud WCS Logistics’ Cold Storage Expansion

Virginia Gov. Glenn Youngkin announced a $27 million cold storage expansion by WCS Logistics along the Interstate 81 trucking corridor in Frederick County.

Noël Fletcher | Staff Reporter
February 21, 2024
Government, Business, Safety, Logistics, TCA

California Planning $7 Million Landslide Wall at San Clemente

A $7.2 million “catchment wall” will be built at a landslide area in San Clemente, Calif., to hold back the slipping hillside and get passenger train service running to San Diego again.

Laylan Connelly | The Orange County Register
February 21, 2024
Government, Business, Safety, Logistics

Biden Plans to Boost Port Cybersecurity

WASHINGTON — President Joe Biden on Feb. 21 signed an executive order and created a federal rule aimed at better securing the nation’s ports from potential cyberattacks.

Colleen Long | Associated Press
February 21, 2024
Business, Safety

60 Seconds: Driver Training Programs Focus on the Right Fit

“Part of the issue our industry is facing is that too many people decided to pursue trucking strictly for the money, and that lack of passion is having a negative effect on our image and reputation," says Dave Dein, CDL coordinator at Patterson High School in California.

February 21, 2024
Business, Technology

Stellantis CEO Calls Small EVs a Tough Sell in US

Offering small cars is the wrong approach to win over truck-loving Americans skeptical of electric vehicles, according to Carlos Tavares, CEO of Jeep-owner Stellantis NV.

Gabrielle Coppola | Bloomberg News
February 21, 2024