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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.