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, Technology, Equipment, Fuel

Q2 Deliveries Reflect Surge in Momentum, Nikola Says

Nikola Corp. delivered 45 battery-electric trucks wholesale and 66 trucks retail in the second quarter, the company announced July 5.

Connor D. Wolf | Staff Reporter
July 5, 2023
Business, Equipment

Goodyear Adds Regional Haul Trailer Tire

The Goodyear Tire & Rubber Co. introduced a new addition to the Cooper Work Series line, the company announced June 28.

Connor D. Wolf | Staff Reporter
July 5, 2023
Business, Logistics, For-Hire

Knight-Swift Closes Acquisition of U.S. Xpress

Knight-Swift Transportation Holdings closed on its previously announced acquisition of U.S. Xpress Enterprises, the company announced July 5.

Connor D. Wolf | Staff Reporter
July 5, 2023
Business, Logistics, For-Hire

UPS-Teamsters Talks Break Down

Negotiations on a new labor deal between UPS Inc. and the Teamsters stalled July 5 after showing promise over the weekend, renewing concern that workers could strike at the end of the month.

July 5, 2023
Business, Technology, TCA

Tesla Reports Record Sales, Increased Production in Q2

Tesla Inc. posted record sales in the second quarter as the Austin-based electric vehicle maker continued to increase production at its growing Gigafactory Texas.

Eric Killelea | San Antonio Express-News
July 5, 2023
Business, Equipment

TireHub Appoints John Cavanaugh as Newest CFO

TireHub has appointed John Cavanaugh to the role of chief financial officer, the tire distributor announced June 29.

Connor D. Wolf | Staff Reporter
July 5, 2023
Business, Technology

EV Startups Confronting Setbacks

Truck manufacturer Nikola Corp. and delivery-van maker Arrival added to a series of misfortunes for electric vehicle startups struggling to make it to mass production.

Craig Trudell | Bloomberg News
July 5, 2023
Business, Technology

Rivian Ships First Amazon Electric Delivery Vans to Europe

Rivian Automotive Inc. started delivering the electric vans it makes for Amazon to Europe in the EV maker’s first commercial shipments outside the U.S.

Ed Ludlow | Bloomberg News
July 5, 2023
Government, Business, Fuel

Diesel Prices Drop 3.4¢ to $3.767 a Gallon

Diesel prices dropped another 3.4 cents to a national average of $3.767 per gallon, according to weekly data released by the Energy Information Administration July 3.

Keiron Greenhalgh | Staff Reporter
July 4, 2023
Government, Business

Key Inflation Gauge Hits Two-Year Low in May

An inflation index that is closely monitored by the Federal Reserve tumbled in May to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.

Christopher Rugaber | Associated Press
June 30, 2023