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.
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, 2023Rivian’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.
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.
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.
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.
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.
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.
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.
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.
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.