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

Why Ford Chose Tesla for EV Partnership: It’s the Plug

Hours before Tesla Inc. and Ford Motor Co. announced their surprise charging partnership, Ford’s chief executive officer offered his take as to why the U.S. has been so slow to adopt electric vehicles.

Keith Naughton | Bloomberg News
May 30, 2023
Business, Technology, Equipment

Daimler Truck, Toyota, Others Join Forces on Ecological Tech

Daimler Truck will join merging companies Mitsubishi Fuso Truck and Bus Corp. and Hino Motors as part of an ecological tech alliance forged between themselves and their top stakeholders. 

Connor D. Wolf and Dan Ronan | Staff Reporters
May 30, 2023
Business, Technology, Safety, Autonomous, TCA

Self-Driving Trucks Becoming Common on North Texas Roads

The North Texas area has become the new frontier for the development of self-driving trucks, with several companies setting up shop — and using local  highways for real-world testing.

Jenny Rudolph | Fort Worth Star-Telegram
May 30, 2023
Business, Equipment, Safety

Progressive Introduces Truck Roadside Assistance Coverage

Progressive Insurance launched a new roadside assistance coverage option for commercial heavy-duty trucks, the auto insurance company announced May 22.

Connor D. Wolf | Staff Reporter
May 30, 2023
Business, Technology, For-Hire

Back-Office Job Demand Remains Steady at Fleets

With a lingering labor shortage affecting drivers for several years, fleets are finding that there’s a steady growth of job demand for operational support roles known as back-office jobs.

Hilary Daninhirsch | Special to Transport Topics
May 30, 2023
Government, Business, Safety, Logistics, TCA

Lack of Truck Parking Alarms Pennsylvania Drivers

WASHINGTON, Pa. — Truckers nearing the end of their workday often seek out the Pennsylvania Turnpike’s New Stanton service plaza to park their rigs for the night. And find no spaces.

Jonathan D. Salant | Pittsburgh Post-Gazette
May 30, 2023
Government, Business

Consumer Confidence Declines Again in May

Consumer confidence fell in May as Americans became more pessimistic about the labor market, on top of elevated anxiety over inflation.

Matt Ott | Associated Press
May 30, 2023
Government, Business, Fuel

Midwest Governors Urge EPA to Revise Biodiesel Volumes

Three Midwest governors urged the Environmental Protection Agency to revise its biodiesel volumes to encourage lower-cost fuel, support farmers and help decarbonize transportation.

Noël Fletcher | Staff Reporter
May 26, 2023
Business, Equipment

Cummins Spinoff Atmus Raises $275 Million in IPO

Cummins Inc. spinoff Atmus Filtration Technologies rose 11% in its trading debut after raising $275 million in an initial public offering priced in the middle of a marketed range.

Michael Hytha | Bloomberg News
May 26, 2023
Business, Technology, Fuel

Foxconn’s Dispute With Lordstown Shows Souring EV Sentiment

Foxconn hasn’t made good on its pledge to acquire enough Lordstown shares to build an 18.3% stake in the company, and now a dispute threatens to sink the electric vehicle startup.

David Welch | Bloomberg News
May 26, 2023