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.

Government, Business

Florida Educators Break Ground on CDL Training Academy

Florida educators broke ground on a new commercial driver license training academy to alleviate a shortage not only in the state but also in the Southeastern region of the country.

Noël Fletcher | Staff Reporter
February 20, 2024
Business, Logistics, Breaking News

January Tonnage Declines on Annual, Monthly Basis

Truck tonnage started the year on the downslope, decreasing on an annual and sequential basis in January, American Trucking Associations reported.

Dan Ronan | Senior Reporter
February 20, 2024
Business, Safety, Logistics

Analysts: US Transport Better Prepared for Red Sea Disruptions

The U.S. transportation sector is in a better position to handle disruptions from the Red Sea with efforts to improve capacity amid a slowdown in freight, according to experts.

Connor D. Wolf | Staff Reporter
February 20, 2024
Business, Technology, Autonomous

Self-Driving Firm Recogni Nabs $102 Million to Make AI Chip

Recogni Inc., an artificial intelligence startup that builds tech for autonomous vehicles, has raised $102 million in funding after expanding into designing chips for generative AI.

Jackie Davalos | Bloomberg News
February 20, 2024
Business, Technology, Equipment

Parts Supplier Forvia to Cut 10,000 Jobs, Look to AI

Auto parts supplier Forvia SE is poised to cut roughly 13% of its European workforce over the next five years, with plans to tap AI to better compete in the shift to electric cars.

February 20, 2024
Business, Private

Walmart Posts Strong Q4, Weakens Forecast on Less Spending

NEW YORK — Walmart reported another quarter of great results, ending 2023 on a high note as low prices attract shoppers looking for deals in an economically challenging environment for many.

Anne D’Innocenzio | Associated Press
February 20, 2024
Government, Business, Technology, Equipment, Fuel

Minnesota Report Cautions Against Rush to EV Transition

State lawmakers rushing to jump on the battery-electric vehicle bandwagon for longhaul trucks will create a web of operational roadblocks and other problems, a new report says. 

Noël Fletcher | Staff Reporter
February 20, 2024
Business, Technology, Equipment, Safety, Fuel

TMC Has Full Agenda Planned for Annual Meeting

TMC Executive Director Robert Braswell said challenging technical issues and industry innovation will be in the spotlight March 4-7 in New Orleans.

Dan Ronan | Senior Reporter
February 16, 2024
Government, Business, Technology

Samsara Files Complaint Against Motive With Trade Commission

Alleging that Motive Technologies Inc. has engaged in unlawful patent infringement practices, Samsara Inc. has filed a complaint with the U.S. International Trade Commission.

Eric Miller | Senior Reporter
February 16, 2024
Business, Equipment

Bridgestone Q4 Profit Dives as Truck Tire Demand Slumps

Profits at Bridgestone Corp. dived in the fourth quarter of 2023 on the back of what the Japanese tire manufacturer said Feb. 16 was a remarkable slump in demand.

Keiron Greenhalgh | Staff Reporter
February 16, 2024