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, Logistics, Top 100

Trucking Experts Prepare for Lackluster Peak Season

Trucking industry experts are expecting a modest peak shipping season due to freight demand and inventory trends as consumer preferences have shifted back to services from goods.

Connor D. Wolf | Staff Reporter
September 7, 2023
Business, Equipment

Class 8 Truck Orders Fall 12% in August

North American Class 8 orders ended a three-month streak of positive year-over-year growth by falling 12% in August, according to ACT Research.

Connor D. Wolf | Staff Reporter
September 7, 2023
Government, Business, Technology, Equipment, Safety, Autonomous

Trucking Trade Groups Generally Support AEB Proposal

Organizations representing heavy trucks were generally supportive of a joint proposed rule to require automatic emergency braking technologies on heavy trucks — with caveats.

Eric Miller | Senior Reporter
September 7, 2023
Business, Equipment

July Used Class 8 Sales Decline 9.3% Year-Over-Year

Used Class 8 sales in July decreased 9.3% year-over-year to 19,500 units from 21,500, ACT Research reported.

Connor D. Wolf | Staff Reporter
September 7, 2023
Business, Technology

Tesla to Supply Hilton Hotels With 20,000 EV Chargers

Hilton Worldwide Holdings Inc. is partnering with Tesla Inc. to install 20,000 universal electrical vehicle chargers at 2,000 of its hotels in the U.S., Canada and Mexico.

Keith Laing | Bloomberg News
September 7, 2023
Business, Technology, Logistics

Flexport Founder Ryan Petersen to Return as CEO

Flexport CEO Dave Clark is abruptly leaving the startup after a year, making way for the return of founder Ryan Petersen and highlighting pressure on startups in the logistics industry.

Spencer Soper | Bloomberg News
September 7, 2023
Business, Technology, Equipment, Autonomous

Former Ford, VW Executives Start Stack AV

The founders of the former self-driving unit of Ford Motor Co. and Volkswagen AG are launching a new autonomous trucking startup, Stack AV,  with backing said to be more than $1 billion.

September 7, 2023
Government, Business, Equipment, Logistics

Jaxport to Buy Two Ship-to-Shore Cargo Cranes

Florida state legislators have given Jacksonville Port Authority officials a $30 million check to purchase two new ship-to-shore container cranes for the Blount Island Marine Terminal.

Noël Fletcher | Staff Reporter
September 6, 2023
Business, Logistics

TFI Buys Tank Truck Specialist Vedder in Ninth Deal of 2023

TFI International Inc. acquired tank transport specialist Vedder Transportation Group, the company said, in what was its ninth acquisition so far in 2023.

Keiron Greenhalgh | Staff Reporter
September 6, 2023
Business, Technology

Fain: Strike is ‘The Plan’ if Deals Not Reached Next Week

The head of the United Auto Workers warned Sept. 6 that the union plans to go on strike against any Detroit automaker that hasn’t reached a new agreement by the time contracts expire next week.

Tom Krisher | Associated Press
September 6, 2023