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.
Rivian Sticks With EV Forecast Despite First-Quarter Loss
Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles.
New Idaho Law OKs Truck Idling for Resting Drivers
A new Idaho law takes effect July 1 allowing commercial vehicles to idle when drivers are resting inside and also when perishable goods are being delivered.
Detroit Reman Completes Expansion of Minnesota Facility
An expansion of Detroit Diesel Remanufacturing’s Hibbing, Minn., plant is complete, doubling the facility’s manufacturing and remanufacturing footprint, the division of DTNA said.
NHTSA Seeks Information From Tesla on Autopilot Fix
DETROIT — Federal highway safety officials want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company’s Autopilot system.
Suspicious Chinese Frying Oil Hurting US Biofuels Business
China is flooding the U.S. with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.
May 7, 2024WattEV’s Bakersfield Battery-Electric Charging Depot Opens
WattEV opened a battery-electric charging depot in Bakersfield, Calif., on May 6, its largest yet, the company said.
C.H. Robinson Automates Email Responses With AI
C.H. Robinson says it has launched an artificial intelligence platform that automates responses to email requests from shippers seeking answers to commonplace inquiries.
FedEx's Coffel Wins Arizona State Championship
To some, driving a commercial truck in the Arizona heat might not sound enjoyable. But to FedEx's David Coffel, it is a rewarding experience.
UPS Finance Chief to Leave Parcel Giant to Focus on Health
UPS Inc.’s top financial executive, Brian Newman, plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.
Daimler Truck Q1 Profit Rises Even as Sales Fall
Daimler Truck profits rose year-over-year in Q1 2024, with executives and analysts more optimistic about the company’s North American business than its European operations.