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, Equipment, Logistics

Prime Launches Hopper Division, Starting With 25 Trailers

Prime Inc. is launching a hopper business, as Transport Topics' 19th-ranked for-hire carrier expands its bulk transportation operations.

Keiron Greenhalgh | Staff Reporter
January 10, 2024
Business, Technology, Equipment

Range Eyes May Debut of Its Next Electric Trailers

LAS VEGAS — Range Energy is set to introduce the next iteration of its electrified dry van trailers in May, CEO Ali Javidan said Jan. 9.  

Keiron Greenhalgh | Staff Reporter
January 10, 2024
Government, Business, Fuel, TCA

EV Subsidies Trimmed in California’s Proposed Budget Cuts

California Gov. Gavin Newsom has proposed significant cuts to clean energy and transportation programs designed to help the state confront the worsening effects of climate change.

Ari Plachta | The Sacramento Bee
January 10, 2024
Business, Equipment

December Class 8 Orders Fall 12.5% After Short Rebound

North American Class 8 truck orders for December fell from the 2022 period and a short-lived rebound the previous month, according to ACT Research.

Connor D. Wolf | Staff Reporter
January 10, 2024
Business, Technology, Autonomous, Private

Walmart Expands Rollout of Generative AI Search on App

Walmart Inc. opened up access to a generative artificial intelligence tool that allows shoppers to search for products by specific use cases rather than look up one item at a time.

Ed Ludlow and Jaewon Kang | Bloomberg News
January 10, 2024
Business, Technology, Equipment, Fuel

Bosch Bets on Hydrogen for EV Trucking Future

LAS VEGAS — Bosch has gone all-in on hydrogen, seeing it as a key pathway to making trucking more sustainable, executives at the company explained Jan. 8 during CES 2024.

Connor D. Wolf | Staff Reporter
January 10, 2024
Business, Technology

Geely Cuts Volvo Stake but Says Will Stay Long-Term Investor

Volvo AB’s second-largest shareholder Geely confirmed it lowered its stake in the company by redeeming bondholders with the truck maker’s shares over the past months.

Rafaela Lindeberg | Bloomberg News
January 10, 2024
Government, Business, Technology, Fuel

Dual Biden Laws Give EPA Expanded Powers, Official Says

WASHINGTON — Two Biden administration-backed laws are enabling the U.S. Environmental Protection Agency to expand its Clean Air Act authorities to transform the trucking industry.

Noël Fletcher | Staff Reporter
January 10, 2024
Business, Technology, Fuel

Hydrogen Energy Back in the Vehicle Conversation at CES

While EVs are gaining most of the attention for carbon-neutral technology at CES 2024, hydrogen energy has snuck its way back into the conversation thanks to two automotive giants.

January 10, 2024
Business, Logistics, For-Hire

Industry Takes Fresh Look at Reverse Logistics

Reverse logistics — the management and movement of returned goods — is one of the most significant systems in the economy, and one of the most complicated. 

Hilary Daninhirsch | Special to Transport Topics
January 10, 2024