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.
TuSimple Eyes US Exit, Hires Bankers
TuSimple is exploring strategic alternatives for its U.S. operations, including a sale, which would see the self-driving truck technology provider focus on Asia-Pacific activities.
Kolton Schultz Returns to NTDC Stage With Idaho Victory
XPO driver Kolton Schultz credits his instincts for winning the 3-axle class and claiming grand champion honors at the Idaho Truck Driving Championships.
Cummins' 15-Liter Natural Gas Engine in Customer Testing
Cummins has been testing its X15N engine in the U.S. for more than a month, a big step forward for its largest natural gas-powered, heavy-duty trucking powertrain in North America.
Car Prices Are Starting to Ease to Pre-Pandemic Levels
The U.S. new car market is returning to pre-pandemic norms as supply chain issues resolve, forcing carmakers to ramp up deals to sustain sales growth.
Inside an Aurora Self-Driving Truck Testing in Texas
A number of autonomous truck developers like Aurora have set up operations in Texas, allowing them to run test drivers and preview routes with their self-driving technology.
Teamsters Break Off UPS Talks, Warn Strike ‘Inevitable’
The Teamsters union gave UPS Inc. a June 30 ultimatum in labor talks after walking away from discussions June 28, warning a nationwide strike “appears inevitable.”
Supply Chain Legislation Awaits Votes in House, Senate
With the congressional August recess fast approaching, senior transportation policymakers are calling for passage of several big picture supply chain-centric bills.
Spot Market Struggles With Prolonged Bottom
The spot market has become stuck in a stagnant bottom with market patterns preventing it from building back momentum.
GDP Growth in Q1 2023 Revised to 2%
Showing resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.
CSX and CPKC Will Connect to Increase Traffic in Southeast
CSX and CPKC railroads announced a deal June 28 that will allow them to beef up a little-used connection between their two networks in the southeastern United States to handle more freight.