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, Technology

Northvolt Sells US Battery Plant to California Startup

Northvolt AB, the cash-strapped European battery maker, reached a deal to sell its U.S. factory to a startup that’s trying to reduce America’s reliance on China for batteries.

Gabrielle Coppola | Bloomberg News
November 13, 2024
Government, Business, Fuel

Fuel Groups Warn of Price Hikes Without Tax Credit Certainty

More than 30 trade groups across the energy, farming and transport sectors say a lack of U.S. government guidance on tax credits is putting Americans at risk of higher fuel prices.

November 13, 2024
Government, Business

Hedge Fund Seeks Reversal of Yellow Pension Claims

A judge may rule as soon as Nov. 15 on the fate of $6.5 billion in pension claims from bankrupt Yellow Corp. retirees.

November 13, 2024
Government, Business, Logistics

US Port Talks Set to Resume as Trump Role Poses a Wild Card

Dockworkers are set to meet with their employers in New Jersey, resuming negotiations on the key issue of automation that sparked a three-day strike at East and Gulf Coast ports last month.

Laura Curtis | Bloomberg News
November 13, 2024
Business, Technology, Fuel

Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million

Volkswagen and Rivian named leaders for their multibillion-dollar joint venture and showcased a prototype electric vehicle, signaling their commitment even as global EV demand softens.

Kara Carlson | Bloomberg News
November 12, 2024
Government, Business, Logistics

Canada Post Workers Could Strike Ahead of Shopping Season

The upcoming holiday season could be disrupted by a looming strike at Canada’s largest domestic shipping company.

Randy Thanthong-Knight | Bloomberg News
November 12, 2024
Business, Technology, Fuel, Logistics

Nonprofit to Buy Up to 500 Battery-Electric Drayage Trucks

The first customers are set to be carriers operating at the ports of Los Angeles and Long Beach — the largest two ports in the U.S. by import volume.

Keiron Greenhalgh | Staff Reporter
November 12, 2024
Government, Business

Fed’s Kashkari Says Only Inflation Could Derail December Cut

Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate in December.

Catarina Saraiva | Bloomberg News
November 12, 2024
Business, Equipment, Breaking News

Class 8 Truck Sales Once Again Below Year-Ago Levels

U.S. Class 8 retail sales continued the pattern of trending below year-ago levels in October, according to data from Wards Intelligence.

Connor D. Wolf | Staff Reporter
November 12, 2024
Government, Business, Technology, Safety, Autonomous, TCA

Zoox Robotaxis Roll Out in San Francisco

Zoox’s self-driving vehicles began rolling out in San Francisco’s SoMa neighborhood this week, and are expected to compete with robotaxis designed by Waymo.

Clara Harter | Los Angeles Times
November 12, 2024