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.
$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.
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, 2023Volvo Buys Bankrupt Proterra’s Battery Business
Volvo Group will acquire the battery business of Proterra Inc. and Proterra Operating Co., the businesses said separately.
Pepsi on Its Way to Surpassing Coca-Cola’s Value
PepsiCo Inc. is on course to take over as the biggest U.S. beverage company by market value, supplanting rival Coca-Cola Co., according to Wall Street analysts.
Mergers and Acquisitions Market Begins to Accelerate
After a drop in merger and acquisition activity, analysts believe the market has turned a corner. Driven by uncertain economic conditions earlier this year, M&A has now started a rebound.
Forward Air Files Counterclaim Against Omni on Merger
Forward Air has filed a counterclaim against Omni Logistics in response to a lawsuit Omni filed alleging that Forward has not followed through on a planned merger between the companies.
Honda Will Give Autoworkers 11% Raise After UAW’s Big Wins
Honda Motor Co. will hike the pay of some U.S. employees by 11% following the United Auto Workers’ contract victories at its unionized Detroit competitors, according to a company memo.
Goodyear Q3 Tire Sales Fall on Commercial Trucking Weakness
Goodyear posted a loss in the third quarter on the back of weak conditions in its truck business, a fire at a Polish factory and an ongoing reorganization, the tire maker said.
Westport, Volvo Fuel System to Ink JV Agreements by January
Westport Fuel Systems expects definitive agreements for its high-pressure gas-injection fuel system joint venture with Volvo Group to be signed by the end of January, executives said.
Einride Begins Regular Unmanned Moves for GE Appliances
An unmanned cargo vehicle operated by Swedish startup Einride has begun transporting goods on a regular basis for GE Appliances at a private site in Selmer, Tenn., the companies announced.