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, Technology

All Tesla Model 3s Now Eligible for Full $7,500 Tax Credit

All of Tesla Inc.’s Model 3 sedans are now eligible for the full U.S. tax credit under new criteria for battery sourcing set by the Treasury Department.

Keith Laing | Bloomberg News
June 6, 2023
Government, Business, Technology, Equipment, Fuel

Cummins Showcases Emergency Truck Powered by Hydrogen

WASHINGTON — Accelera by Cummins on June 5 showcased a hydrogen-powered emergency vehicle that advances technologies applicable to the commercial trucking industry.

Connor D. Wolf | Staff Reporter
June 6, 2023
Government, Business, Safety

Norfolk Southern Gives All Workers Sick Time

OMAHA, Neb. — Norfolk Southern became the first major North American freight railroad with deals to provide paid sick time to all of its workers June 5, but other railroads are making progress.

Josh Funk | Associated Press
June 6, 2023
Business, Technology, Equipment, Fuel, For-Hire

Fleets Focus on Driver Performance to Raise Fuel Economy

Trucking companies are increasingly investing in training, technology and incentives to optimize driver performance when it comes to fuel consumption.

Stephen Bennett | Special to Transport Topics
June 6, 2023
Business, Safety, Fuel

New York Thruway Plazas Revamped With Truck Drivers in Mind

Trying to make life on the road easier for truckers is part of the New York State Thruway Authority’s ongoing $450 million project to modernize its aging 27 service areas through 2025.

Noël Fletcher | Staff Reporter
June 5, 2023
Government, Business, Logistics

West Coast Port Disruptions Continue Amid Labor Talks

At least one terminal at the Port of Los Angeles canceled some cargo operations June 5 as disruptions that hit several key U.S. West Coast ports last week appear to continue.

June 5, 2023
Business

UPS Union Workers to Vote on Whether to Authorize a Walkout

UPS Inc.’s union workers will hold a vote on whether to grant authorization to Teamsters leaders to call a strike after the current five-year contract lapses.

Thomas Black | Bloomberg News
June 5, 2023
Government, Business, Fuel

Kentucky Pauses Incentives for Microvast Over China Concerns

NASHVILLE, Tenn. — Kentucky officials say they are pausing $21 million in economic incentives to Microvast for a proposed electric vehicle battery facility.

Jonathan Mattise | Associated Press
June 5, 2023
Business, Equipment, Safety, Top 100

Trucking Charity Donates to Urban Disaster Response Team

The Trucking Cares Foundation donated $25,000 to Virginia Task Force 1, a leading disaster response team, American Trucking Associations’ charitable arm said June 2.

Keiron Greenhalgh | Staff Reporter
June 5, 2023
Business, Equipment, Fuel, TCA

GM to Devote $1 Billion to Michigan Heavy-Duty Truck Plants

FLINT, Mich. — General Motors Co. will invest more than $1 billion in two of its plants to prepare for production of next-generation heavy-duty trucks, the Detroit automaker announced.

Jordyn Grzelewski | The Detroit News
June 5, 2023