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.
Vermont Lowers Cost of Milk Hauler Overweight Permits
A new law that took effect Nov. 1 regarding overweight permits in Vermont is making it easier and less expensive for milk haulers to transport this key ingredient for the state's dairy industry.
Recruiting and Retaining Drivers Remains a Challenge
Managing driver retention is an ongoing challenge for many trucking companies.
Axle Logistics Invests $37.9 Million to Expand in Tennessee
Tennessee officials held a groundbreaking ceremony at the Knoxville headquarters of Axle Logistics to celebrate a $37.9 million investment to expand the company’s logistics operations.
TuSimple to Wind Down US Operations, Lay Off 150 Employees
Self-driving truck technology provider TuSimple plans to lay off about 150 employees immediately, or 75% of the company’s U.S. workforce, and begin a wind-down of U.S. operations.
Allison Transmission Workers Reject Labor Deal, Stay on Job
Some 1,500 Allison Transmission Holdings employees rejected a deal the company struck with union negotiators, but will remain on the job while talks continue, the company said Dec. 1.
Nissan to Buy Parts From Renault-Geely Venture
Nissan Motor Co. will be a major customer to Renault SA’s combustion engine venture as the partners push on with reshaping their troubled alliance and make progress in the EV transition.
Pilotless FedEx, Reliable Robotics Plane Completes Flight
Reliable Robotics Corp. has flown a small cargo plane on loan from FedEx Corp. without a human on board, a step toward the autonomous flight startup winning regulatory approval.
GXO Logistics Testing Humanoid Robot at Georgia Facility
Warehouse workers could soon face new competition from robots: GXO Logistics Inc. is testing a humanoid model at its facility in Flowery Branch, Ga.
California-based Logistics Company Expands in South Carolina
South Carolina Gov. Henry McMaster announced that California-based IronLink Logistics will invest $16.45 million to establish operations there in a move to gain a Southeast presence.
XPO In Line for 28 Yellow Properties for $870 Million
Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp.