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

May Medium-Duty Sales Decline 6% Year-Over-Year

U.S. retail sales for medium-duty trucks declined year-over-year in May after six consecutive months of gains, according to data from Wards Intelligence.

Connor D. Wolf | Staff Reporter
June 18, 2024
Business, Logistics, For-Hire, Private

Efficient Use of Space Is Key in Weak Freight Market: Study

Over-the-road carriers waiting for an upturn in the freight cycle must make the most efficient use of their trucks’ space to best ride out ongoing market weakness, according to CSCMP.

Keiron Greenhalgh | Staff Reporter
June 18, 2024
Government, Business, Logistics

House Panel Takes Up Water Resources Development Act

This month, the transportation panel in the U.S. House of Representatives plans to vote on a policy update to the country’s commercial waterways.

Eugene Mulero | Senior Reporter
June 18, 2024
Government, Business, Technology

Lawmakers Seek to Limit Chinese Influence on Chipmaking

U.S. lawmakers want to prevent companies that win federal chipmaking funds from using Chinese-made equipment at government-backed factories.

Mackenzie Hawkins | Bloomberg News
June 18, 2024
Business, Technology, Fuel

A Waste-Oil Crunch Is Coming for Renewable Fuel

The world’s renewable fuelmakers are about to face a crunch in one of the most basic building blocks they need to be profitable: sufficient supply of waste oil.

Rachel Graham | Bloomberg News
June 18, 2024
Government, Business, Fuel, Logistics

Judge Orders BNSF to Pay Washington Tribe Nearly $400 Million

SEATTLE — BNSF Railway must pay nearly $400 million to a Native American tribe in Washington state, a federal judge ordered after finding that the company trespassed across the tribe’s reservation.

Gene Johnson | Associated Press
June 18, 2024
Government, Business, Technology

Fisker Files for Bankruptcy Protection

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.

Michelle Chapman | Associated Press
June 18, 2024
Business, Logistics, Autonomous

Waabi Raises $200M as It Eyes Fully Driverless Trucks in '25

Autonomous technology developer Waabi raised $200 million that will help carry it through the commercial launch of fully self-driving trucks in 2025, the Toronto-based company said.

Keiron Greenhalgh | Staff Reporter
June 17, 2024
Business, Logistics, For-Hire

Werner CEO Says Freight Market Is Returning to Normal

Werner Enterprises CEO Derek Leathers said patterns emerging in the cargo marketplace point to a long-awaited adjustment that could help lift trucking out of its persistent freight recession.

Connor D. Wolf | Staff Reporter
June 17, 2024
Business, Technology, Equipment, Fuel

Eaton, BAE Systems Partner on E-Powertrain Offerings

MARSHALL, Mich. — Eaton and BAE Systems, through an expanded partnership, provided a demonstration of their powertrains and charging solutions for medium-duty electric vehicles.

Amanda Smith-Teutsch | Special to Transport Topics
June 17, 2024