Business
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.