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.
California Gas Prices Dip Below $5 for First Time Since July
California pump prices fell below $5 a gallon for the first time since July, following national levels lower but still the highest in the country.
West Coast Ports See Rebound in Container Volumes
Twin Southern California ports Long Beach and Los Angeles reported solid year-over-year increases in cargo container volume in October.
Lawyers Argue Trevor Milton Shouldn’t Face Prison for Fraud
NEW YORK — Lawyers for Trevor Milton, the founder of truck maker Nikola Corp., say he should not face incarceration.
Ford, Stellantis Finalize Strike-Ending UAW Contracts
The United Auto Workers union overwhelmingly ratified new contracts with Ford and Stellantis that will raise pay across the industry and help reshape the auto business.
Cruise CEO Resigns Amid Safety Concerns, Recalls
Kyle Vogt has resigned as CEO of Cruise, General Motors’ autonomous vehicle unit, as questions build about the safety of self-driving cars.
November 20, 2023N.D. Opens Soybean Processing Plant for Renewable Diesel Oil
North Dakota’s renewable diesel industry took a giant leap forward as the state opened its first fully dedicated soybean-crushing plant that will make biofuel oil.
GM Absorbs Electric Van Subsidiary BrightDrop Into Company
BrightDrop, a General Motors Co. commercial electric vehicle startup formed in 2021, no longer will operate as a subsidiary and is now becoming part of GM, the automaker said Nov. 16.
UPS Broadens Search for Electric Vans Amid Arrival’s Woes
UPS Inc.’s push to adopt battery-powered delivery trucks hit a snag due to financial troubles at Arrival SA, a European electric vehicle startup that’s running out of cash.
60-Year-Old Daimler Plant Is Ready for the Future
Officials at the 60-year-old Daimler Truck plant in Wörth am Rhein, Germany, are ready for sweeping changes in how commercial trucks are built, used and powered.
Maryland Rural Grant Funds School’s Simulators for CDL Tests
A $236,000 rural economic development grant is helping a western Maryland public two-year community college expand its commercial driver license truck driving training program.