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, Technology, Equipment, Autonomous

Tesla Q3 Sales Rise 27% but Fall Short of Estimates

Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections as Elon Musk’s car company navigated through softening customer demand as well as factory upgrades.

October 2, 2023
Business, Technology, Equipment

Rivian’s Forecast Falls Short

Rivian Automotive disappointed investors by maintaining its full-year guidance even as production and deliveries in the third quarter exceeded Wall Street expectations.

Ed Ludlow | Bloomberg News
October 2, 2023
Business, Technology, Equipment

Mack Showcases Medium-Duty Trucks With Driving Event

SHEBOYGAN, Wis. — Mack Trucks showcased its medium-duty offerings Sept. 26 by inviting reporters to test drive three different trucks.

Connor D. Wolf | Staff Reporter
October 2, 2023
Government, Business, Logistics

Port of Baltimore’s Public Marine Terminals Set Cargo Record

The Port of Baltimore’s state-owned public marine terminals surpassed a cargo volume record reached in 2019 before the pandemic by handling 11.6 million tons of cargo during fiscal 2023.

Noël Fletcher | Staff Reporter
October 1, 2023
Government, Business, Logistics

Census Bureau: Two Trucking Sectors Prospered During Pandemic

Freight forwarding and longhaul trucking for truckload experienced the highest business booms for revenue during the pandemic, a new U.S. Census Bureau transportation analysis shows.

Noël Fletcher | Staff Reporter
September 29, 2023
Business, Logistics

Low Water Levels on Mississippi River Delaying Barge Cargo

Barge operators are running lighter loads on the Mississippi River to compensate for the lack of water from months of dry weather. Prices paid to farmers for their crops are easing as a result.

Michael Hirtzer | Bloomberg News
September 29, 2023
Government, Business, Technology, Logistics, Autonomous, Private

Amazon to Open Pair of Facilities in Virginia Beach

Virginia Gov. Glenn Youngkin has announced Amazon will build a multistory robotics fulfillment center and “last mile” delivery station in Virginia Beach.

Noël Fletcher | Staff Reporter
September 29, 2023
Government, Business, Private

Amazon Violated Worker Rights Settlement, NLRB Says

Amazon.com Inc. was accused by U.S. officials of violating a labor board settlement, paving the way for the government to consider claims that the company tried to suppress union organizing.

Josh Eidelson | Bloomberg News
September 29, 2023
Business, Equipment, Fuel, Logistics

Bettaway Launches EV Tractor Rollout to Support Arizona Tea

Bettaway Supply Chain Services entered the electric vehicle space with the introduction of two all-electric yard tractors Sept. 26 to support its logistics operations in New Jersey.

Connor D. Wolf | Staff Reporter
September 29, 2023
Business, Technology, Equipment, Fuel

Nikola Celebrates Entry Into HFCEV Market

COOLIDGE, Ariz. — Nikola celebrated the commercial launch of its hydrogen fuel cell electric vehicles with 900 of its customers, suppliers and supporters at its manufacturing facility Sept. 28.

Mindy Long | Special to Transport Topics
September 29, 2023