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, Fuel

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.

Mia Gindis | Bloomberg News
November 20, 2023
Business, Logistics

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.

Dan Ronan | Senior Reporter
November 20, 2023
Government, Business, Fuel

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.

Larry Neumeister | Associated Press
November 20, 2023
Government, Business, Equipment

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.

Tom Krisher | Associated Press
November 20, 2023
Business, Technology, Safety, Autonomous

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, 2023
Business, Technology, Fuel

N.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.

Noël Fletcher | Staff Reporter
November 17, 2023
Business, Technology, Equipment, TCA

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.

Kalea Hall | The Detroit News
November 17, 2023
Business, Technology, Equipment, Logistics

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.

November 17, 2023
Business, Technology, Equipment

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.

Dan Ronan | Senior Reporter
November 17, 2023
Business, Equipment, Safety

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.

Noël Fletcher | Staff Reporter
November 17, 2023