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.
New Rule Will Reclassify Independent Contractors as Employees
A new Department of Labor rule adopts an “economic factors” test for companies to follow to determine whether a worker should be classified as an independent contractor or an employee.
Kodiak Unveils Driverless-Ready Semi Ahead of Dallas Debut
Kodiak Robotics introduced what it billed as the world’s first driverless-ready semi-truck designed for scaled deployment at CES in Las Vegas this week.
Battery Maker LG Energy Posts Earnings Miss Amid Weak Demand
Battery maker LG Energy Solution Ltd. badly missed fourth-quarter earnings estimates amid weaker demand for electric vehicles and a drop in lithium prices that hurt revenue.
US Trucking Faces Downstream Effects From Suez Canal Attacks
A militant group that is attacking container vessels along the Suez Canal in Egypt is causing shipment disruptions that threaten to inflict downstream effects on the U.S. trucking sector.
Lidar Maker Aeva Wins Multiyear Contract for Daimler Trucks
Aeva Technologies Inc. has won a multiyear contract to supply Daimler Truck Holding AG with technology to help advance autonomous driving on highways.
Goodyear Unveils Plans for Sustainable EV Tires at CES
The Goodyear Tire & Rubber Co. is developing a product for electric vehicles that it says will bolster their competitiveness against gas-powered vehicles by extending tire duration.
Drivewyze Offers Free Access to New Safety System
WASHINGTON — Transportation technology company Drivewyze announced at the Transportation Research Board conference Jan. 9 that it is making its new safety system available at no cost.
Less Volatility in Diesel Prices Expected in 2024
Motor carriers can expect lower prices and less volatility at diesel pumps in 2024, according to experts.
Berkshire Settles Pilot Travel Sale Claims on Eve of Trial
Berkshire Hathaway has avoided trial by settling allegations it violated the terms of its buyout of Pilot Travel Centers by changing the accounting methods used to value part of the deal.
VinFast Names Vietnam’s Richest Billionaire New CEO
VinFast, the Vietnamese electric carmaker building a multibillion-dollar factory in North Carolina, has replaced its CEO and CFO in the company's latest executive shuffle.