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, Logistics

US-Mexico Trade Trends Indicate Nearshoring Has Momentum

The post-pandemic trend toward nearshoring of trade is on course to finish the year strong despite an earlier slowdown in broader trade activity.

Connor D. Wolf | Staff Reporter
December 7, 2023
Business, Equipment

November Class 8 Orders Rebound From Three-Month Slump

North American Class 8 truck orders for November rebounded from three months of year-over-year declines, according to ACT Research.

Connor D. Wolf | Staff Reporter
December 7, 2023
Business, Technology, Autonomous

Renault Taps AI to Cut EV Production Costs in Half by 2027

Renault SA is deploying artificial intelligence technology to help cut the cost of producing electric vehicles in half by 2027 as the race to make affordable mass-market cars intensifies.

Joshua Gallu | Bloomberg News
December 7, 2023
Business, Technology, Logistics, Autonomous

Uber Freight and Torc Robotics Form Partnership on Autonomous Trucks

Uber Freight announced a deal that aligns it with Torc Robitics, and separately outlined how it is delving into where artificial intelligence might support its services in the years ahead.

Connor D. Wolf | Staff Reporter
December 7, 2023
Government, Business, Safety, Logistics

Vermont Lowers Cost of Milk Hauler Overweight Permits

A new law that took effect Nov. 1 regarding overweight permits in Vermont is making it easier and less expensive for milk haulers to transport this key ingredient for the state's dairy industry.

Noël Fletcher | Staff Reporter
December 6, 2023
Business, Technology, Logistics

Recruiting and Retaining Drivers Remains a Challenge

Managing driver retention is an ongoing challenge for many trucking companies.

Nancy Riggs | Special to Transport Topics
December 6, 2023
Government, Business, Logistics

Axle Logistics Invests $37.9 Million to Expand in Tennessee

Tennessee officials held a groundbreaking ceremony at the Knoxville headquarters of Axle Logistics to celebrate a $37.9 million investment to expand the company’s logistics operations.

Noël Fletcher | Staff Reporter
December 6, 2023
Business, Technology, Autonomous

TuSimple to Wind Down US Operations, Lay Off 150 Employees

Self-driving truck technology provider TuSimple plans to lay off about 150 employees immediately, or 75% of the company’s U.S. workforce, and begin a wind-down of U.S. operations.

Keiron Greenhalgh | Staff Reporter
December 6, 2023
Business, Equipment

Allison Transmission Workers Reject Labor Deal, Stay on Job

Some 1,500 Allison Transmission Holdings employees rejected a deal the company struck with union negotiators, but will remain on the job while talks continue, the company said Dec. 1.

Keiron Greenhalgh | Staff Reporter
December 6, 2023
Business, Technology, Equipment

Nissan to Buy Parts From Renault-Geely Venture

Nissan Motor Co. will be a major customer to Renault SA’s combustion engine venture as the partners push on with reshaping their troubled alliance and make progress in the EV transition.

December 6, 2023