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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.