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, Technology, Fuel

Hydrogen Hubs Central to State Government Action in 2023

Federal funding for hydrogen fuel hubs and competition for economic development projects were central themes among state governments in 2023.

Noël Fletcher | Staff Reporter
December 21, 2023
Government, Business, Technology

US Weighs More Tariffs on Chinese Goods, Including EVs

President Joe Biden’s administration is weighing a tariff increase on Chinese electric vehicles and other goods, according to people familiar with the matter.

December 21, 2023
Government, Business, Technology, Fuel

US Carmakers Hit Record Gas Mileage, but Below Fuel Standard

U.S. automakers achieved a record average of 26 miles per gallon for vehicles made in the 2022 model year, but still fell short of current fuel standards, according to EPA data on Dec. 20.

Keith Laing | Bloomberg News
December 21, 2023
Business, Technology, Equipment, Fuel

Battery-Electric Truck Growth Underwhelms in 2023

Progress in 2023 for battery-electric trucks was slower than expected, with demand underwhelming and improvements needed for the underlying infrastructure, some OEM executives say.

Keiron Greenhalgh | Staff Reporter
December 20, 2023
Government, Business, Equipment, Safety

Carmakers Fight Air Bag Recall That May Cost $10 Billion

Carmakers like General Motors and Ford are lobbying against an extraordinary push by U.S. regulators to force a recall of as many as 52 million air bag inflators.

Keith Laing | Bloomberg News
December 20, 2023
Business, Fuel, Logistics, Autonomous

Greenlane, Uber Freight Join in Electric Truck Charging Push

Greenlane plans to use Uber Freight data alongside its own findings in building its proposed public electric and hydrogen commercial vehicle charging network, the joint venture said.

Keiron Greenhalgh | Staff Reporter
December 20, 2023
Business, Technology, Private, Global Freight

Daimler Partners With Amazon for Fuel Cell Truck Trials

Daimler Truck plans to begin the first on-road customer tests of hydrogen fuel cell-powered Mercedes-Benz GenH2 trucks in global markets in the middle of 2024.

Keiron Greenhalgh | Staff Reporter
December 20, 2023
Business, Logistics

FedEx Misses Earnings Expectation for Fiscal Q2

FedEx Corp. reported it missed analyst expectations for income and revenue when the package delivery giant announced second-quarter fiscal 2024 earnings Dec. 19.

Dan Ronan | Senior Reporter
December 20, 2023
Government, Business, Safety, Fuel

LNG Shipping Rates Dip on Lower Demand Despite Red Sea Chaos

It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker despite turmoil in the Red Sea that is forcing some vessels to take longer and more costly routes.

Anna Shiryaevskaya | Bloomberg News
December 20, 2023
Government, Business, Safety, Logistics, TCA

California Pollution Rule Aimed at Logistics Upheld by Judge

A judge has denied a challenge to the South Coast Air Quality Management District's landmark rule intended to clear Southern California skies of exhaust tied to the logistics industry.

Jake Horseman | San Gabriel Valley Tribune, West Covina, Calif.
December 20, 2023