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

ZF Develops EV Motor That Cuts Out Rare Earth Materials

MUNICH — Automotive supplier ZF Group announced it has developed an electric vehicle motor that eliminates the need for rare earth materials without sacrificing performance.

Seth Clevenger | Managing Editor, Features and Multimedia
September 5, 2023
Government, Business, Logistics

Montana Seeks Longer Canadian Border Hours for Trucks

Montana’s Wild Horse border crossing into Canada must remain open 24 hours to handle higher truck traffic, declared a letter to President Joe Biden and Prime Minister Justin Trudeau.

Noël Fletcher | Staff Reporter
September 5, 2023
Government, Business, Safety

Commerce Grant to Help Fund CDL Training at Georgia College

The U.S. Department of Commerce has awarded $742,180 to help a Georgia technical college pay for a concrete practice driving area for commercial driver license candidates.

Noël Fletcher | Staff Reporter
September 5, 2023
Government, Business, Fuel

Saudi Arabia, Russia Plan to Extend Oil Cut Through Year-End

DUBAI, United Arab Emirates — Saudi Arabia and Russia agreed Sept. 5 to extend their voluntary oil production cuts through the end of this year.

Jon Gambrell | Associated Press
September 5, 2023
Business, Technology

UAW Shows Confrontational Style as Strike Deadline Looms

The demands that a more combative United Auto Workers union has pressed on General Motors, Stellantis and Ford are edging it closer to a strike when its contract ends Sept. 14.

Tom Krisher | Associated Press
September 5, 2023
Business, Technology, Fuel

Chevron Buys Land for Possible New Facility Outside Houston

Chevron Corp. bought a plot of land the size of almost 60 football fields just outside of Houston in preparation for what could become a new research-and-development campus.

Kevin Crowley | Bloomberg News
September 5, 2023
Business, Equipment, For-Hire

Trimac Acquires Two More Carriers, Continues to Shop

Trimac Transportation Ltd. has purchased two North American bulk haulage carriers in the past few weeks, and has plans to accelerate its ongoing buying spree.

Keiron Greenhalgh | Staff Reporter
September 1, 2023
Government, Business, Technology, Fuel

Think Tank Urges DOT to Begin National VMT Fee Pilot

A Washington think tank is encouraging the federal government to proceed with a legislatively mandated national pilot program to explore the viability of a vehicle-miles-traveled fee.

Eric Miller | Senior Reporter
September 1, 2023
Government, Business, Technology, Safety, Autonomous, TCA

Driverless Trucks Face Regulatory Opposition in California

If California's Assembly Bill 316 becomes law, driverless trucks won’t be able to drive down state highways without a human driver present until at least 2031.

Ricardo Cano | San Francisco Chronicle
September 1, 2023
Business, Technology

Hyundai, LG Invest $2 Billion More Into Georgia Battery Plant

Hyundai Motor Group and LG Energy Solution say they will spend an additional $2 billion and hire an extra 400 workers to make batteries at the automaker’s Georgia EV plant under construction.

Russ Bynum and Jeff Amy | Associated Press
September 1, 2023