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.

Government, Business

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.

Eric Miller | Senior Reporter
January 9, 2024
Business, Technology, Equipment, Safety, Autonomous, TCA

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.

Amber Gaudet | The Dallas Morning News
January 9, 2024
Business, Technology

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.

Heejin Kim | Bloomberg News
January 9, 2024
Government, Business, Safety, Logistics, Global Freight

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.

Connor D. Wolf | Staff Reporter
January 9, 2024
Business, Technology, Equipment, Safety, Autonomous

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.

January 9, 2024
Business, Technology, Equipment, Safety

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.

Tope Alake | Bloomberg News
January 9, 2024
Business, Technology, Equipment, Safety

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.

Dan Ronan | Senior Reporter
January 9, 2024
Government, Business, Fuel

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. 

Keiron Greenhalgh | Staff Reporter
January 9, 2024
Business, Fuel

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.

Jef Feeley | Bloomberg News
January 8, 2024
Business, Technology, TCA

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.

Brian Gordon | The News & Observer
January 8, 2024