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, Logistics

Maryland Senator Presses for Baltimore Aid

WASHINGTON — Sen. Ben Cardin of Maryland renewed calls for colleagues to endorse emergency aid for rebuilding the Port of Baltimore area and the collapsed Francis Scott Key Bridge.

Eugene Mulero | Senior Reporter
June 6, 2024
Business, Safety

Trucking Fleets Urged to Be Proactive in Litigation

INDIANAPOLIS — When a trucking company anticipates or is involved in serious accident litigation, C-suite executives might want to remember one thing: Your company lives in a glass house.

Eric Miller | Senior Reporter
June 6, 2024
Government, Business, Technology, Safety

Truckers Urged to Get Vocal on Regulatory Challenges

INDIANAPOLIS — Motor carriers are making strides in influencing the regulatory future of the industry, but must remain vocal to address challenges they face, according to TCA's David Heller.

Eric Miller | Senior Reporter
June 6, 2024
Business, Equipment

Class 8 Truck Orders Increased 50% Year-Over-Year During May

North American Class 8 truck orders continued the trend of year-over-year gains in May, according to ACT Research.

Connor D. Wolf | Staff Reporter
June 6, 2024
Business, Technology

ABB Considers Sale of Some Electric Mobility Assets

ABB Ltd. is considering selling part of its e-mobility business, which includes electric vehicle charging stations worldwide, including the U.S.

Dong Cao | Bloomberg News
June 6, 2024
Government, Business, Technology

EV Taxi Startup Revel to Lay Off Drivers for Gig Model

Revel Transit, the New York-based electric vehicle ride-hailing startup, plans to lay off its driver employees and operate a gig-work model more akin to rivals Uber and Lyft.

Natalie Lung | Bloomberg News
June 6, 2024
Business, Equipment

Used Truck Sales in April Jump 30% From Last Year

Used Class 8 truck sales in April increased 29.6% compared with the same period the prior year, ACT Research reported.

Connor D. Wolf | Staff Reporter
June 5, 2024
Government, Business, Fuel

UN Chief Wants Tax on Profits of Fossil Fuel Companies

GENEVA — U.N. Secretary-General António Guterres called June 5 for a “windfall” tax on profits of fossil fuel companies to help pay for the fight against global warming.

Jamey Keaten | Associated Press
June 5, 2024
Government, Business, Fuel

19 States Challenge California on Emissions Legal Activism

Alabama is leading a 19-state coalition suing California and four other states in the U.S. Supreme Court over state legal fights against energy companies.

Noël Fletcher | Staff Reporter
June 5, 2024
Government, Business, Safety

Correctional Program in Nebraska Celebrates First CDL Grads

Holding new CDLs, five men incarcerated in a work-release corrections center are the first such aspiring truck drivers in a program focused on their re-entry into society.

Noël Fletcher | Staff Reporter
June 5, 2024