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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.