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.
Congress Approves Short-Term Bill, Averts Shutdown
Ending the threat of a government shutdown until after the holidays, Congress gave final approval to a temporary funding package that pushes a fight over the budget into the new year.
Torc Lays Out Road Map to Autonomous Truck Launch in 2027
ALBUQUERQUE, N.M. — Torc Robotics is fine-tuning its technology and laying the foundation for autonomous fleet operations as it targets a 2027 market launch for its virtual driver product.
Producer Prices in October Drop Most Since 2020
U.S. wholesale prices fell sharply last month as inflationary pressure continued to ease after a year and a half of higher interest rates.
Volvo Workshop Prepares Fleet Partners for CARB Regulations
Now is the time for fleets to meet the challenge of complying with next year’s CARB regulations, a panelist said during a virtual Volvo Trucks regulatory workshop.
Retail Sales Slip in October With Holiday Season Ahead
Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars.
October Medium-Duty Sales Post First Decline Since March
U.S. retail sales for medium-duty trucks declined 4.2% year-over-year in October, ending six consecutive months of year-over-year increases, according to data from Wards Intelligence.
Robots Outnumber People 15-to-1 at Massive New UPS Warehouse
UPS Inc. just opened its largest warehouse, and plans to fill the $79 million facility with more than 3,000 robots by next year to handle tasks like lifting and reduce the need for manual labor.
GSA to Revamp Two Land Crossings From Washington to Canada
The U.S. General Services Administration awarded a contract for a pre-design project study to modernize two ports of entry from Washington state to Canada to alleviate truck congestion.
Third-Quarter Loss Widens for Truck Maker Hyzon
Third-quarter losses at Hyzon Motors Inc. increased to $41 million from $25 million in the year-ago period as the Class 8 hydrogen FCEV manufacturer eyes the start of serial production.
Maryland Governor Commits to Labor, Infrastructure Projects
Maryland Gov. Wes Moore on Nov. 13 announced Baltimore’s commitment to its designation as a Workforce Hub through investments in career and technical education and training for local workers.