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, Logistics

US Plans to Build a Terminal at Sri Lanka’s Colombo Port

COLOMBO, Sri Lanka — The U.S. announced a $553 million project Nov. 8 to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo.

November 8, 2023
Business, Technology, Equipment

Scania Will Offer Electric Trucks as Pay-Per-Use

Scania is combining with logistics firm sennder Technologies to deploy 100 e-trucks to carriers in Germany.

Rafaela Lindeberg | Bloomberg News
November 8, 2023
Government, Business, Technology, Safety, Autonomous

Cruise Recalls Cars After Pedestrian Was Dragged

DETROIT — GM's Cruise autonomous vehicle unit is recalling all 950 of its cars to update software after one of them dragged a pedestrian to the side of a San Francisco street in October.

Tom Krisher | Associated Press
November 8, 2023
Business, Technology, Equipment, Logistics, Private

Rivian to End Exclusivity With Amazon

Electric vehicle maker Rivian said Nov. 7 that it will allow other companies to purchase its fleet of delivery vans, ending an exclusive agreement with Amazon.

November 8, 2023
Business

Daimler Truck Posts Lower Earnings in Q3

Profits at Daimler Truck Holding AG in the third quarter fell on the back of lower sales due to supply constraints and the absence of a tax benefit that boosted the year-ago period’s results.

Keiron Greenhalgh | Staff Reporter
November 7, 2023
Business, Technology

Renault Finalizing Transfer of 28% Stake in Nissan

Renault SA and Nissan Motor Co. are close to completing a landmark deal to rebalance their 24-year-long alliance, according to people familiar with the matter.

Albertina Torsoli | Bloomberg News
November 7, 2023
Government, Business, Equipment

Watchdog Group Cites Widespread ‘Predatory’ Lease Agreements

A study by a U.S. government financial consumer group has concluded that there is widespread risk for truckers being rushed into signing so-called predatory lease-purchase agreements.

Eric Miller | Senior Reporter
November 7, 2023
Business, Logistics

RXO Reports Negative Earnings in Soft Q3 Market

RXO reported negative net income and a 14% decline in revenue during the third quarter.

Connor D. Wolf | Staff Reporter
November 7, 2023
Business, Technology, Logistics, Autonomous

Uber Delivers Mixed Report as Profit Grows, Revenue Slows

Uber Technologies gave a mixed picture of its business, showing a second consecutive profitable quarter and an increase in demand for rides and delivery but also slowing revenue growth.

Natalie Lung | Bloomberg News
November 7, 2023
Government, Business, Fuel

Diesel Price Slides 8.8¢ to $4.366 a Gallon

The national average diesel price fell 8.8 cents to settle at $4.366 a gallon, according to Energy Information Administration data released Nov. 6.

Keiron Greenhalgh | Staff Reporter
November 6, 2023