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, Equipment

Mack, UAW End Latest Labor Talks With No Deal

Negotiations between Mack Trucks and the United Auto Workers union over a labor agreement ended Oct. 26 with no new master contract in place, the Volvo Group subsidiary said.

Keiron Greenhalgh | Staff Reporter
October 30, 2023
Government, Business, Technology, Autonomous, TCA

‘Autonomy Is the Future,’ Says California Gov. Newsom

In 30 years, California Gov. Gavin Newsom thinks we’ll wonder why we ever let human drivers on the road, he told reporters Oct. 29 after touring a Tesla car factory in Shanghai.

Sophia Bollag | San Francisco Chronicle
October 30, 2023
Government, Business, Equipment

GM Reaches Tentative Deal With UAW to End Strike

General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a 6-week-old strike.

David Welch | Bloomberg News
October 30, 2023
Business, Logistics

St. Lawrence Seaway Reaches Deal to End Shipping Strike

A deal was reached Oct. 29 to end a weeklong strike that had shut down a major shipping artery in the Great Lakes, halting the flow of grain and other goods from the U.S. and Canada.

October 30, 2023
Business

UAW OKs Tentative Deal With Stellantis, Escalates GM Strike

DETROIT — The UAW union has widened its strike against GM, the lone holdout among the three Detroit automakers, after reaching a tentative contract agreement with Jeep maker Stellantis.

Tom Krisher and Frank Bajak | Associated Press
October 29, 2023
Business, Logistics, For-Hire

Universal Reports Revenue Decline Amid Q3 Headwinds

Universal Logistics Holdings experienced an overall decrease in revenue, with each segment facing year-over-year declines for the third quarter of 2023, the company reported Oct 26.

Connor D. Wolf | Staff Reporter
October 27, 2023
Business, Fuel

Haslams, Buffett Tangled in Accounting Spat Over Pilot

The Haslam family says majority owner Berkshire Hathaway is trying to artificially depress Pilot Travel Centers' value to lower the price it has to pay to get the remaining 20% of the company. 

Josh Funk | Associated Press
October 27, 2023
Government, Business, Equipment, Safety

Iowa Schools Get $4.8 Million in Grants for CDL Training

With Iowa projected to need more than 10,000 truckers yearly through 2030, Gov. Kim Reynolds  again has taken steps to get more drivers behind the wheel.

Noël Fletcher | Staff Reporter
October 27, 2023
Business, Technology, Equipment

Ford Pulls Profit Forecast on Strike Impact

Ford Motor Co. said it fell short of third-quarter earnings expectations, citing higher costs and lower quality, a day after it won labor peace through a tentative contract with the UAW.

Keith Naughton | Bloomberg News
October 27, 2023
Government, Business, Technology, Autonomous

Cruise Grounds Robotaxi Fleet After California Suspension

Cruise has grounded its entire fleet just days after its license was suspended by California, in a setback for the company that has been laying the groundwork to expand to multiple cities.

Dana Hull and David Welch | Bloomberg News
October 27, 2023