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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.