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.

Business, Technology, Equipment

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.

Keiron Greenhalgh | Staff Reporter
November 14, 2023
Government, Business, Safety, TCA

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.

Hannah Gaskill | Baltimore Sun
November 14, 2023
Business, Equipment

UAW, Mack Trucks Ratify New Collective Bargaining Agreement

Mack Trucks on Nov. 15 announced that members of the United Auto Workers union ratified a new five-year collective bargaining agreement with the company, covering about 3,900 employees.

Keiron Greenhalgh | Staff Reporter
November 14, 2023
Government, Business, Logistics, Global Freight

Container Shipping Seeing Major Cuts After $364 Billion Boom

The container shipping industry, after two years of record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.

November 14, 2023
Government, Business, Equipment, Safety

Iowa Extends Agricultural Transport Proclamation

Iowa Gov. Kim Reynolds extended again the state’s annual harvest proclamation through Dec. 11 enabling overweight load limits on the transportation of grain, fertilizer and manure.

Noël Fletcher | Staff Reporter
November 14, 2023
Business, Technology

ConMet Buys TruckWings Creator TruckLabs

Heavy-duty commercial truck and trailer component manufacturer ConMet bought TruckLabs, whose products include the tractor-mounted TruckWings aerodynamic device, it said.

Keiron Greenhalgh | Staff Reporter
November 14, 2023
Government, Business, Safety

Two Sentenced to Prison in Staged Accident Schemes

Two people in separate allegations of participation in staged accidents with tractor-trailers in the New Orleans area have been sentenced to prison and ordered to pay significant restitution.

Eric Miller | Senior Reporter
November 14, 2023
Business, Equipment, Breaking News

Class 8 Sales Drop for Third Straight Month During October

Class 8 retail sales in October declined from the year-ago period for a third consecutive month, Wards Intelligence data showed.

Connor D. Wolf | Staff Reporter
November 13, 2023
Government, Business, Logistics

$50 Million Federal Grant Will Help Modernize Delaware Port

Delaware officials announced a $50 million federal grant to help pay for a container terminal expansion project to enable the century-old Port of Wilmington to handle larger vessels.

Noël Fletcher | Staff Reporter
November 13, 2023
Government, Business, Equipment

Tesla Facing Strikes in Sweden Over Collective Bargaining

Pressure is growing on Tesla in Sweden, where a trade union is demanding that the Texas-based automaker sign a collective bargaining agreement, which most employees in the country have.

November 13, 2023