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, Safety, For-Hire

Estes Express Says It Is Doing Well Post-Cyberattack

Executives from Estes Express Lines recently shared details and lessons learned about the company’s response after an October cyberattack hampered the carrier’s operations.

Keiron Greenhalgh | Staff Reporter
November 21, 2023
Business, Logistics, Breaking News

October Truck Tonnage Up Month-to-Month, Down Year-to-Year

Truck tonnage on an annual basis declined for an eighth consecutive month in October but improved slightly on a month-to-month basis, according to American Trucking Associations.

Dan Ronan | Senior Reporter
November 21, 2023
Business, Technology, Equipment, Autonomous

Hyundai Unveils Robot-Powered EV Plant in Singapore

Hyundai Motor Group has opened a heavily automated facility in Singapore that will play a crucial role in its electrification strategy, deploying robotics and new production methods.

Yoolim Lee and Heejin Kim | Bloomberg News
November 21, 2023
Business, Logistics, Global Freight

Major Shippers Don’t Predict Issues Meeting Holiday Demand

Carriers like the U.S. Postal Service, FedEx and UPS Inc. have capacity to meet projected demand this holiday season, which is cheery news for shippers and shoppers alike.

David Sharp | Associated Press
November 21, 2023
Government, Business, Safety

FHWA Says Highway Construction Costs Continue to Soar

Rising inflation appears to be taking a big bite out of funding for highway construction projects, according to the latest data from the Federal Highway Administration.

Noël Fletcher | Staff Reporter
November 20, 2023
Government, Business, Equipment, Safety

NHTSA Advisory Group on Underride Protection Seeks Focus

Members of the Advisory Committee on Underride Protection began revealing their divergent views on side underride guards for heavy trucks, sending several questions back to regulators.

Eric Miller | Senior Reporter
November 20, 2023
Government, Business, Logistics

New Truck Lanes Opened at Calexico Border With Mexico

Two new northbound truck lanes opened Nov. 15 at the Calexico East Land Port of Entry, where 453,000 commercial trucks cross into the U.S. from Mexico each year.

Noël Fletcher | Staff Reporter
November 20, 2023
Government, Business, Fuel

California Gas Prices Dip Below $5 for First Time Since July

California pump prices fell below $5 a gallon for the first time since July, following national levels lower but still the highest in the country.

Mia Gindis | Bloomberg News
November 20, 2023
Business, Logistics

West Coast Ports See Rebound in Container Volumes

Twin Southern California ports Long Beach and Los Angeles reported solid year-over-year increases in cargo container volume in October.

Dan Ronan | Senior Reporter
November 20, 2023
Government, Business, Fuel

Lawyers Argue Trevor Milton Shouldn’t Face Prison for Fraud

NEW YORK — Lawyers for Trevor Milton, the founder of truck maker Nikola Corp., say he should not face incarceration.

Larry Neumeister | Associated Press
November 20, 2023