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, Logistics, For-Hire

UPS-Teamsters Talks to Resume Today

Negotiations were set to resume June 5 between UPS and members of the International Brotherhood of Teamsters, which represents an estimated 360,000 UPS drivers and other workers.

Dan Ronan | Senior Reporter
June 1, 2023
Government, Business

NLRB Counsel to Seek Legal Action Over Noncompete Clauses

National Labor Relations Board General Counsel Jennifer Abruzzo pledged to pursue legal action against employers who require nonsupervisory employees to sign noncompete agreements.

Eric Miller | Senior Reporter
June 1, 2023
Government, Business, Fuel

Rivian May Lose Nasdaq Spot After 90% Selloff

Rivian Automotive Inc. may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from its record high, according to JP Morgan Securities.

Esha Dey | Bloomberg News
June 1, 2023
Government, Business, Equipment, Safety

NHTSA’s Advisory Panel on Underride Protection Raises Topics

A committee launched by the National Highway Traffic Safety Administration to study side underride protection during its inaugural meeting raised a variety of topic areas to address.

Eric Miller | Senior Reporter
June 1, 2023
Business, Equipment

April Used Class 8 Sales Down 20% Year-Over-Year

Used Class 8 truck sales in April decreased 20% year-over-year to 17,600 units from 22,100 units, ACT Research reported.

Connor D. Wolf | Staff Reporter
June 1, 2023
Government, Business, Technology, Autonomous, TCA

Self-Driving Trucks Need Human Operator Under California Bill

California lawmakers are moving forward with plans to restrict the deployment of self-driving trucks — a move that industry representatives say is misguided.

Maggie Angst | The Sacramento Bee
June 1, 2023
Business, Logistics, Top 100

Kentucky Lands Kroger E-Commerce Center

Northern Kentucky is getting a new $550,000 distribution center from a unit of The Kroger Co. to give the grocery store giant a larger e-commerce foothold in the state and Ohio.

Noël Fletcher | Staff Reporter
June 1, 2023
Business, Fuel

Exxon Works to Improve Fracking Methods

Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields.

David Wethe | Bloomberg News
June 1, 2023
Government, Business, Technology, Safety

NHTSA Turns Up Pressure on Air Bag Inflator Company

DETROIT — The U.S. government is turning up the pressure on ARC Automotive to recall 67 million potentially dangerous air bag inflators.

Tom Krisher | Associated Press
June 1, 2023
Government, Business, Technology, Safety

Jaguar Recalls I-Pace EVs Due to Fire Risk in Batteries

DETROIT — Jaguar is recalling more than 6,000 I-Pace electric SUVs in the U.S. due to the risk of the high-voltage battery catching fire, and it’s telling owners to park them outdoors.

June 1, 2023