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, Logistics, For-Hire, TCA

Companies That Ship With UPS Develop Contingencies

Some large retailers and other companies across the country are warning customers of potential delivery delays if there is a UPS strike.

Kelly Yamanouchi | The Atlanta Journal-Constitution
July 24, 2023
Government, Business, Technology, Equipment, TCA

GOP House Leaders Investigate Ford Battery Agreement

WASHINGTON — Republican congressional leaders sent a letter to Ford CEO Jim Farley claiming documents show hundreds of jobs at a planned battery plant will go to employees of a Chinese firm.

Riley Beggin | The Detroit News
July 24, 2023
Government, Business, Technology, TCA

Construction to Begin on North Carolina’s First Auto Plant

Ground will be broken July 28 on North Carolina's first car manufacturing plant. VinFast plans a $4 billion electric vehicle production and assembly plant near Moncure.

Brian Gordon | The News & Observer
July 24, 2023
Government, Business, For-Hire

Teamsters Halt Yellow Strike Plan After Benefits Extended

An agreement between the Teamsters and Central States Funds averts, for now, a strike that could have begun as soon as July 24 against Yellow Corp.

Dan Ronan | Senior Reporter
July 23, 2023
Business, For-Hire

A UPS Strike May Curb Progress on Inflation, Supply Chains

A potential strike by 340,000 unionized workers at UPS Inc. threatens to unravel progress in tackling two of the U.S. economy’s biggest hurdles: inflation and supply chain disruptions.

July 21, 2023
Business, Equipment, Safety

‘Family’ Reunion: Swan Qualifies for Sixth Nationals

Preparation paid off for FedEx Freight driver Paul Swan at the Colorado Truck Driving Championships. That it felt like a family reunion was just the cherry on top. 

Eugene Mulero | Senior Reporter
July 21, 2023
Government, Business, Technology, Autonomous

Amazon, Six Other Companies Commit to AI Safeguards

President Joe Biden said the U.S. must guard against threats from artificial intelligence as he detailed new company safeguards and promised government actions on the emerging technology.

July 21, 2023
Business, Technology, Autonomous, Private, TCA

Amazon to Roll Out Palm Payment Technology at Whole Foods

Customers at Amazon’s Whole Foods Market stores will soon be able to pay for their groceries with a wave of their hand.

Madison Iszler | San Antonio Express-News
July 21, 2023
Business, Technology, Fuel

Nikola Sells Arizona Hydrogen Production Project to Partner

Truck maker Nikola agreed to sell its Phoenix Hydrogen Hub project to partner Fortescue Future Industries for $24 million, the companies said.

Keiron Greenhalgh | Staff Reporter
July 21, 2023
Business, Logistics, For-Hire

Knight-Swift Reports 71% Earnings Drop for Q2

Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.

Connor D. Wolf | Staff Reporter
July 21, 2023