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, Equipment, Safety

Carmakers Fight Air Bag Recall That May Cost $10 Billion

Carmakers like General Motors and Ford are lobbying against an extraordinary push by U.S. regulators to force a recall of as many as 52 million air bag inflators.

Keith Laing | Bloomberg News
December 20, 2023
Business, Fuel, Logistics, Autonomous

Greenlane, Uber Freight Join in Electric Truck Charging Push

Greenlane plans to use Uber Freight data alongside its own findings in building its proposed public electric and hydrogen commercial vehicle charging network, the joint venture said.

Keiron Greenhalgh | Staff Reporter
December 20, 2023
Business, Technology, Private, Global Freight

Daimler Partners With Amazon for Fuel Cell Truck Trials

Daimler Truck plans to begin the first on-road customer tests of hydrogen fuel cell-powered Mercedes-Benz GenH2 trucks in global markets in the middle of 2024.

Keiron Greenhalgh | Staff Reporter
December 20, 2023
Business, Logistics

FedEx Misses Earnings Expectation for Fiscal Q2

FedEx Corp. reported it missed analyst expectations for income and revenue when the package delivery giant announced second-quarter fiscal 2024 earnings Dec. 19.

Dan Ronan | Senior Reporter
December 20, 2023
Government, Business, Safety, Fuel

LNG Shipping Rates Dip on Lower Demand Despite Red Sea Chaos

It’s getting cheaper — at least for now — to rent a liquefied natural gas tanker despite turmoil in the Red Sea that is forcing some vessels to take longer and more costly routes.

Anna Shiryaevskaya | Bloomberg News
December 20, 2023
Government, Business, Safety, Logistics, TCA

California Pollution Rule Aimed at Logistics Upheld by Judge

A judge has denied a challenge to the South Coast Air Quality Management District's landmark rule intended to clear Southern California skies of exhaust tied to the logistics industry.

Jake Horseman | San Gabriel Valley Tribune, West Covina, Calif.
December 20, 2023
Government, Business, Safety

Toyota Unit Daihatsu Suspends Shipments Over Safety Cheating

Toyota Motor Corp. said Dec. 20 its subsidiary Daihatsu will suspend shipments of all its vehicles in a safety scandal after an investigation found improper testing involving 64 models.

Mari Yamaguchi | Associated Press
December 20, 2023
Business, Logistics

C.H. Robinson’s CEO Sees Freight Rebound in Second Half of 2024

C.H. Robinson Worldwide expects the freight recession will linger into next year, but sees a recovery taking hold in the second half of 2024.

Thomas Black | Bloomberg News
December 20, 2023
Government, Business, Technology, Equipment, Fuel

ATRI: California’s Zero-Emission Goal Comes at High Cost

California’s race to have near-total-zero-emission passenger vehicles and heavy trucks will result in a greater need for electricity at higher prices, an ATRI report says.

Noël Fletcher | Staff Reporter
December 19, 2023
Business, Fuel, Autonomous

Tesla Analysts Eyeing EV Slowdown Turn More Cautious on 2024

Wall Street’s outlook on Tesla Inc. is darkening rapidly, with at least two analysts turning more cautious on the electric vehicle maker in as many days.

Esha Dey | Bloomberg News
December 19, 2023