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

Chris Stapleton, Sting Entertain Trucking Leaders

AUSTIN, Texas — Country singer-songwriter Chris Stapleton and legendary pop rock musician Sting performed back-to-back sets at Daimler Truck North America’s 2023 Customer Appreciation Event.

Seth Clevenger | Managing Editor, Features and Multimedia
October 17, 2023
Business, Technology, Logistics, TCA

Flexport Lays Off 165 Employees

Freight logistics company Flexport has laid off 165 employees from its Bellevue, Wash., office, part of broad job cuts that will impact 20% of the workforce.

Lauren Rosenblatt | The Seattle Times
October 17, 2023
Business, Technology

Relay Launches Freight Payment System for Brokers

Relay Payments is to start offering a freight payment option specifically targeted at brokers called RelayDirect, the company said Oct. 17.

Keiron Greenhalgh | Staff Reporter
October 17, 2023
Business, Technology, Equipment

Volta Trucks Files for Bankruptcy After Supply Chain Fails

Sweden’s Volta Trucks AB is planning to file for bankruptcy following a breakdown in its supply chain, the company said.

October 17, 2023
Government, Business, Technology, Safety, Autonomous

NHTSA to Investigate Cruise Over Pedestrian Incidents

NHTSA is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper caution around pedestrians.

Michelle Chapman | Associated Press
October 17, 2023
Business

Chairman Ford Calls on Autoworkers to End Strike

DETROIT — Ford Motor Co. Executive Chairman Bill Ford on Oct. 16 called on autoworkers to end a monthlong strike that he says could cost the company the ability to invest in the future.

Tom Krisher | Associated Press
October 16, 2023
Government, Business

Spear Targets Truck Excise Tax, Legal Reform

AUSTIN, Texas — During his annual State of the Industry address, ATA President Chris Spear emphasized a need for litigation reform and the repeal of a federal excise tax on new trucks.

Eugene Mulero | Senior Reporter
October 16, 2023
Government, Business

Mild Recession in 2024 Possible, Costello Says

AUSTIN, Texas — American Trucking Associations Chief Economist Bob Costello said the U.S. economy still runs the risk of sliding into a short recession in 2024.

Dan Ronan | Senior Reporter
October 16, 2023
Business, Technology, Equipment

Clarience to Extend Fleet Data Platform to External Systems

AUSTIN, Texas — Clarience Technologies announced it is expanding its Fus1on fleet data platform to connect and integrate with more fleet management systems.

Seth Clevenger | Managing Editor, Features and Multimedia
October 16, 2023
Government, Business, Technology, Fuel

Hydrogen Hubs Face Complex Timeline to Final Production

Seven regional hydrogen hubs that received the administration’s OK face up to 12 years before achieving commercial output no later than 2035, according to a Department of Energy timeline.

Noël Fletcher | Staff Reporter
October 16, 2023