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, Equipment

Hertz to Sell 20,000 EVs in Shift Back to Gas-Powered Cars

Hertz Global Holdings Inc. plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.

January 11, 2024
Business, Technology, Equipment

Tesla Boosts Pay for US Factory Workers

Tesla Inc. notified workers at its California car plant of pay increases across its U.S. factories, the latest bump by a nonunion automaker the United Auto Workers is trying to organize.

January 11, 2024
Government, Business, Technology, Fuel

Biden Awards $623 Million to Build EV Charging Network

WASHINGTON — The Biden administration is awarding $623 million in grants to help build an electric vehicle charging network across the nation.

Matthew Daly | Associated Press
January 11, 2024
Business, Logistics, Top 100

Werner Appoints Meisgeier as Its Next President

Company veteran Nathan Meisgeier joined Omaha, Neb.-based Werner Enterprises Inc. in 2005 and was promoted to the carrier's general counsel in 2016.

Joe Howard | Executive Editor
January 10, 2024
Business, Equipment, Logistics

Prime Launches Hopper Division, Starting With 25 Trailers

Prime Inc. is launching a hopper business, as Transport Topics' 19th-ranked for-hire carrier expands its bulk transportation operations.

Keiron Greenhalgh | Staff Reporter
January 10, 2024
Business, Technology, Equipment

Range Eyes May Debut of Its Next Electric Trailers

LAS VEGAS — Range Energy is set to introduce the next iteration of its electrified dry van trailers in May, CEO Ali Javidan said Jan. 9.  

Keiron Greenhalgh | Staff Reporter
January 10, 2024
Government, Business, Fuel, TCA

EV Subsidies Trimmed in California’s Proposed Budget Cuts

California Gov. Gavin Newsom has proposed significant cuts to clean energy and transportation programs designed to help the state confront the worsening effects of climate change.

Ari Plachta | The Sacramento Bee
January 10, 2024
Business, Equipment

December Class 8 Orders Fall 12.5% After Short Rebound

North American Class 8 truck orders for December fell from the 2022 period and a short-lived rebound the previous month, according to ACT Research.

Connor D. Wolf | Staff Reporter
January 10, 2024
Business, Technology, Autonomous, Private

Walmart Expands Rollout of Generative AI Search on App

Walmart Inc. opened up access to a generative artificial intelligence tool that allows shoppers to search for products by specific use cases rather than look up one item at a time.

Ed Ludlow and Jaewon Kang | Bloomberg News
January 10, 2024
Business, Technology, Equipment, Fuel

Bosch Bets on Hydrogen for EV Trucking Future

LAS VEGAS — Bosch has gone all-in on hydrogen, seeing it as a key pathway to making trucking more sustainable, executives at the company explained Jan. 8 during CES 2024.

Connor D. Wolf | Staff Reporter
January 10, 2024