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, Safety

Toyota Unit Daihatsu Suspends Shipments Over Safety Cheating

Toyota Motor Corp. said Dec. 20 its subsidiary Daihatsu will suspend shipments of all its vehicles in a safety scandal after an investigation found improper testing involving 64 models.

Mari Yamaguchi | Associated Press
December 20, 2023
Business, Logistics

C.H. Robinson’s CEO Sees Freight Rebound in Second Half of 2024

C.H. Robinson Worldwide expects the freight recession will linger into next year, but sees a recovery taking hold in the second half of 2024.

Thomas Black | Bloomberg News
December 20, 2023
Government, Business, Technology, Equipment, Fuel

ATRI: California’s Zero-Emission Goal Comes at High Cost

California’s race to have near-total-zero-emission passenger vehicles and heavy trucks will result in a greater need for electricity at higher prices, an ATRI report says.

Noël Fletcher | Staff Reporter
December 19, 2023
Business, Fuel, Autonomous

Tesla Analysts Eyeing EV Slowdown Turn More Cautious on 2024

Wall Street’s outlook on Tesla Inc. is darkening rapidly, with at least two analysts turning more cautious on the electric vehicle maker in as many days.

Esha Dey | Bloomberg News
December 19, 2023
Government, Business, Safety, Logistics, Global Freight

Red Sea Chaos Has Shippers Bracing for Weeks Without Route

The global shipping industry is bracing for the prospect of living without its most important trade route for weeks.

December 19, 2023
Government, Business, Technology

On Regulation Front, 2023 Was a Year of Wins and Losses

Over the last 12 months, Department of Transportation officials have been claiming safety gains, billions of federal dollars for infrastructure improvements, and more.

Eric Miller | Senior Reporter
December 19, 2023
Government, Business, Technology, Equipment, TCA

Rivian Chooses Construction Firm for Georgia EV Factory

Electric vehicle startup Rivian announced Dec. 19 it has chosen the construction firm to build its planned $5 billion factory an hour east of Atlanta.

Zachary Hansen | The Atlanta Journal-Constitution
December 19, 2023
Business, Technology, Equipment, Fuel

Trucking Can Help Shape EV Future in EPRI Collaborative

Trucking companies are being encouraged by the Electric Power Research Institute to seek its help preparing for the electrification of heavy trucks.

Noël Fletcher | Staff Reporter
December 19, 2023
Business, Safety

Driver Recruitment Rolls On Amid 2023 Freight Downturn

The demand for professional truck drivers continued to show signs of activity this year despite an overall slowdown in the freight market.

Connor D. Wolf | Staff Reporter
December 19, 2023
Business, Logistics, Breaking News

Truck Tonnage Falls 1.2% in November

Truck tonnage slipped in November as the industry’s freight recession lingers, but conditions are poised to ease heading into next year, American Trucking Associations said Dec. 19.

Dan Ronan | Senior Reporter
December 19, 2023