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.

Business, Technology, Equipment, Fuel

Tesla Eyes $3 Billion Boost From Chargers at Rivals’ Expense

Tesla Inc. may earn as much as $3 billion by 2030 thanks to deals with Ford Motor Co. and General Motors Co. for their electric vehicles to use its charging network, according to one analyst.

David Welch | Bloomberg News
June 9, 2023
Government, Business, Fuel

Lordstown Motors to Sue Foxconn Over Stalled Investment

Lordstown Motors Corp. intends to sue backer Foxconn Technology Group as the companies remain at odds over a stalled investment in the EV startup.

Sean O'Kane | Bloomberg News
June 9, 2023
Government, Business, Safety

ATA Launches Safety Spending Survey

American Trucking Associations is carrying out a safety spending survey and is seeking participants, it said.

Keiron Greenhalgh | Staff Reporter
June 9, 2023
Business, Technology, Autonomous

TuSimple Starts Level 4 Autonomous Truck Testing in Japan

TuSimple Holdings has begun Level 4 autonomous test runs on a major freight corridor in Japan, the autonomous driving technology company announced June 6.

Connor D. Wolf | Staff Reporter
June 9, 2023
Business, Equipment

GM to Invest $500 Million at SUV Plant in Texas

DETROIT — General Motors said it will sink more than $500 million into its Arlington, Texas, assembly plant to get ready for the next generation of big SUVs with internal combustion engines.

June 9, 2023
Business, Equipment, Fuel

GM’s EVs Will Gain Access to Tesla’s Charging Network

DETROIT — Electric vehicles made by General Motors will be able to use much of Tesla’s charging network beginning early next year under an agreement the two companies announced June 8.

June 8, 2023
Government, Business, Technology, Fuel

Nineteen States Sue EPA Over California Heavy Truck Phaseout

Iowa is leading 19 states in a lawsuit against the U.S. Environmental Protection Agency for backing California’s future ban on heavy diesel vehicles.

Noël Fletcher | Staff Reporter
June 8, 2023
Government, Business, Safety

Supply Chain, Freight Legislation on Congress’ Summer Agenda

A series of bills meant to expedite supply chain operations and improve freight rail safety await consideration in the U.S. House and the Senate.

Eugene Mulero | Senior Reporter
June 8, 2023
Government, Business

Schumer Works to Schedule Vote on Julie Su’s Nomination

A vote to confirm Julie Su, President Joe Biden’s nominee to lead the Department of Labor, is on the radar for Senate Democrats.

Eugene Mulero | Senior Reporter
June 8, 2023
Government, Business, Equipment, Logistics

CBP Rules Alabama Chassis Maker Avoided Tariffs

A federal agency has ruled that an Alabama chassis manufacturing company knowingly imported chassis from China that were being marketed as having been made in a Vietnamese factory.

Dan Ronan | Senior Reporter
June 8, 2023