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.
Minnesota Lawmakers Take Steps to Expand CDL Testing
New and current Minnesota truck drivers will have an easier time obtaining and renewing CDLs now that a state law that constrained third-party CDL testing opportunities has been eliminated.
60 Seconds: Federal Regulators Hear Complaints About Predatory Towing
Truckers say they are victims of overly excessive fees. Towers claim they often go unpaid.
July 19, 2024Mercedes-Benz to Install EV Chargers at 100 Starbucks
Starbucks and Mercedes-Benz announced a partnership July 17 to install high-power electric vehicle chargers at 100 Starbucks stores across the U.S.
FedEx, UPS Warn of Delivery Delays From Global Tech Outage
FedEx and UPS warned of potential delays in package deliveries as the couriers grapple with the impact of a massive IT failure that is upending markets and crippling companies globally.
Stellantis Reports Battery Fire Risk for Hybrid Minivans
AUBURN HILLS, Mich. — Stellantis is telling the owners of more than 24,000 plug-in hybrid minivans to park them outdoors, and to stop charging them due to the possibility of battery fires.
July 19, 2024Class 8 Sales Continue Trending Below Year-Ago Period
U.S. Class 8 retail sales in June experienced their 11th consecutive month of year-over-year declines, according to data from Wards Intelligence.
Volvo Q2 Profits Jump on Price, Margin Increases
Volvo Group profits jumped year on year in the second quarter of 2024 on the back of truck price increases and improved margins for construction equipment plus marine and industrial engines.
Long Beach Port Breaks Ground on $1.5B Rail Yard Expansion
Transportation Secretary Pete Buttigieg and other officials visited the Port of Long Beach on July 18 to break ground on a $1.5 billion rail yard expansion project.
Senate Transportation Leaders Tout Trump at RNC
Republican members of the Senate panel on freight affairs pledged their support to former President Donald Trump during the party’s national convention ahead of the fall election.
Woman Strikes Plea on Murder Charge in Staged Accidents Case
A woman charged in the murder of an informant who cooperated with law enforcement to bust a string of staged crashes with tractor-trailers has agreed to work with federal investigators.