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.
UAW Strikes GM SUV Plant in Texas
DETROIT — The United Auto Workers union has turned up the heat on General Motors as 5,000 workers walked off their jobs Oct. 24 at a highly profitable SUV factory in Arlington, Texas.
October 24, 2023Walmart Chooses Georgia Site for Dairy Facility
Georgia Gov. Brian Kemp announced that Walmart Inc. will invest $350 million to open a new dairy facility along the Interstate 75 freight corridor. Operations are expected to begin in 2025.
Tesla Says Justice Department Is Expanding Investigations
DETROIT — Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker’s partially automated driving systems, the company disclosed Oct. 23.
Proper Tire Inflation Saves on Fuel, Equipment Costs
AUSTIN, Texas — A panel of trucking maintenance executives said at an MCE 2023 session that properly inflated tires save on fuel and wear, and contribute to environmental sustainability.
Strikes Trim GM Profit in an Otherwise Strong Quarter
DETROIT — A strike by auto workers against General Motors is expected to cut pretax earnings by $800 million this year, and another $200 million per week after that.
EV Battery-Recycling Pioneer Li-Cycle Pauses Construction
Li-Cycle Holdings Corp., which is in line for $375 million in federal funding, announced it would pause construction on a first-of-its-kind lithium-ion-battery recycling plant.
September Trailer Orders Spike With Order Book Openings
U.S. trailer orders in September notched their first year-over-year increase for 2023 as order books for next year began to open, according to ACT Research.
TeraWatt Buys Two California Sites for Heavy-Duty EV Charging
TeraWatt Infrastructure acquired two sites in California’s Inland Empire region to build heavy-duty electric truck charging sites, the company said.
Mack Trucks, UAW Return to Negotiating Table
Mack Trucks and the United Auto Workers Union are set to return to the negotiating table Oct. 23, seeking to end a heightened impasse over a new five-year labor agreement.
Fleets Learn to Utilize In-Cab Technology
Some fleet operators are finding the right balance between software use and customization to map better routes, save money and simplify a wide array of functions.