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.
GM Misses 2023 EV Goal by Half as Production Woes Persist
General Motors Co. missed its goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack, by a significant margin.
ATRI Asks Truckers for Views on Barriers to Female Drivers
The American Transportation Research Institute launched a survey seeking responses from both male and female drivers on barriers women face in pursuing driving careers.
Carmakers End 2023 With High Rates, Prices Affecting Sales
U.S. auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers.
Truck Parking Eyed in Planning for Rest Area Site in Oregon
Planning is underway to revitalize a heavily congested rest area on Mount Hood in Oregon that would include truck parking spaces.
US Factory Activity Shrinks for 14th Straight Month
A measure of U.S. factory activity remained stuck in contraction territory for a 14th straight month at the end of 2023, restrained by weaker orders.
VW Sees Positive Results for Potential Breakthrough Battery
Volkswagen said its battery startup has seen positive results with solid-state cells for electric vehicles, a win for the carmaker as it pushes to make EVs more efficient and less expensive.
Cummins to Pay $2 Billion Fine After Emissions Probe
Cummins agreed to pay a $2 billion penalty as part of a Department of Justice investigation that determined devices that bypassed emissions sensors had been installed on Cummins engines.
Driver Recruitment Success Hinges on Freight Turnaround
Experts are having a difficult time predicting the demand for professional truck drivers this year, saying it ultimately will hinge on an anticipated freight market turnaround.
Port Leaders Cautiously Optimistic for 2024
The nation’s port leaders are optimistic that 2024 will be good for container operators as billions in federal, state and private construction money pour into the facilities.
GM Slams San Francisco in Lawsuit Over $108 Million Tax Bill
General Motors Co. said in a lawsuit that San Francisco unfairly taxed it $108 million over seven years, despite the automaker having very low sales and almost no personnel in the city.