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

Biden Urges Detroit Automakers, UAW to Reach Labor Deal

President Joe Biden urged United Auto Workers and Detroit’s Big Three automakers to come to a “fair agreement,” weighing in on tense contract talks with major implications for the economy.

Jordan Fabian | Bloomberg News
August 14, 2023
Business, Technology, Fuel, Private

Amazon Dinged for Coming Up Short on Carbon-Emission Actions

Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from the world’s leading watchdog of corporate climate goals.

Natasha White and Matt Day | Bloomberg News
August 14, 2023
Business, Equipment

Daimler Truck CEO Martin Daum to Be Interim CFO

Daimler Truck AG CEO Martin Daum will temporarily assume the role of chief financial officer at the original equipment manufacturer, the company said Aug. 14.

Keiron Greenhalgh | Staff Reporter
August 14, 2023
Business, Equipment, Safety, Fuel

Nikola to Halt Sales, Recall Trucks After Battery Fires

All the Class 8 Tre battery-electric trucks Nikola Motor sold or sent to potential customers for testing are being recalled, the company said.

Keiron Greenhalgh | Staff Reporter
August 14, 2023
Government, Business, Technology, Autonomous, TCA

TuSimple Faces Report Deadline as Tucson Site Is Up for Sale

Self-driving truck developer TuSimple Holdings says it won’t be able to file its second-quarter 2023 financial report on time to meet a deadline imposed by the Nasdaq Stock Market.

David Wichner | The Arizona Daily Star
August 14, 2023
Government, Business, Safety

FMCSA Will Accept Challenges to Meal-Rest Break Pre-emption Ruling

FMCSA announced it will accept petitions for waivers from its 2018 and 2020 decisions to pre-empt truck driver meal-and-rest-break law requirements in California and Washington state.

Eric Miller | Senior Reporter
August 11, 2023
Government, Business, Equipment, For-Hire

Yellow Looks to Finalize Bankruptcy Loan

Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.

Keiron Greenhalgh | Staff Reporter
August 11, 2023
Business, Technology, Safety

Have Trucking Insurance Premiums Peaked?

There has been much concern about rising insurance premium costs. However, are we getting close to an environment in which those rates are leveling out or even reversing course?

Mindy Long | Special to Transport Topics
August 11, 2023
Business, Safety

Bolduc, Daly Lead Field at National Truck Driving Championships

Although they differ in style and personality, FedEx Express’ Roland Bolduc and XPO’s Ina Daly have plenty in common. Both are widely recognized as top competitors for this year's NTDC crown.

Eugene Mulero | Senior Reporter
August 11, 2023
Business, Technology

AI Helps Fleets Navigate Risk Management

Insurance companies and brokers are finding the benefits in artificial intelligence to better assist trucking companies with their risk management needs. 

Stephen Bennett | Special to Transport Topics
August 11, 2023