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.
Metternick Hones His Trucking Craft for the Fun of It
It could be déjà vu all over again for FedEx Freight driver Ronald Metternick — Michigan's 4-axle champion — at the National Truck Driving Championships.
Continental Cuts Guidance on Weak Truck Tire Sales
Weaker-than-expected North American and European commercial vehicle replacement tire sales in the second quarter of 2023 and through the remainder of the year forced Continental to cut revenue guidance for its tire unit and the company as a whole.
Florida Lawmakers Grant $3.8 Million for CDL Training Site
Florida state Sen. Tom Wright presented a $3.8 million ceremonial check to an east-central school district to fund a new commercial driver license training facility.
Cruise Tests Self-Driving Cars in Atlanta
San Francisco-based Cruise has begun testing its self-driving vehicles in Atlanta.
Blink Sees Benefit From Shift to Tesla Charging Standard
The auto industry’s rapid shift to using Tesla’s charging standard for other electric cars will benefit Blink Charging Co., the company’s CEO said during its second-quarter earnings call.
Postal Service Reduces Air Cargo by 90% Over Two Years
WASHINGTON — The U.S. Postal Service has reduced its volume of shipments by aircraft by 90% over two years, putting the service on course to save $1 billion in annual transportation costs.
August 9, 2023Rivian Will Build 52,000 EVs This Year, More Than Planned
Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market.
McNeilus Truck to Expand Tennessee Operations
McNeilus Truck and Manufacturing Inc., a division of Oshkosh Corp., is investing $25 million to grow its business in Tennessee.
Searches for UPS Jobs Soar Following Union Deal
UPS Inc. has become a hot employer since its union last month secured $30 billion in new money over a five-year contract.
FMCSA to Renew Plan for Carriers to Keep Accident Records
The Federal Motor Carrier Safety Administration announced plans to renew its requirement that motor carriers maintain a record of accidents involving their commercial motor vehicles.