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, For-Hire

Transportation Labor Gets Biden Administration Attention

Transportation leaders from government and industry are closely watching labor negotiations, including pending contracts with workers from both UPS Inc. and Yellow Corp.

Dan Ronan | Senior Reporter
May 18, 2023
Business, Equipment

April Trailer Orders Down 49% Year-Over-Year

U.S. trailer orders dropped by nearly half from the year-ago total to an estimated 10,000 units in April, ACT Research reported.

Connor D. Wolf | Staff Reporter
May 18, 2023
Government, Business, Technology, Fuel

Alabama Starts Its First Renewable Biodiesel Production

Alabama has taken steps toward building the state’s first renewable diesel production facility in Mobile using soybean oil from state farmers to make low-carbon fuel.

Noël Fletcher | Staff Reporter
May 17, 2023
Business, Fuel, TCA

Michigan Town Rests Economic Hopes on Ford Battery Plant

Advocates for Ford’s $3.5 billion electric vehicle lithium-ion battery plant in Marshall, Mich., say the 2,500 jobs it promises are much needed for the city of less than 7,000.

Lindsay Moore | mlive.com
May 17, 2023
Business, Logistics, TCA

C.H. Robinson Is Laying Off 300 More Employees

Logistics company C.H. Robinson is cutting another 300 employees, the second round of layoffs in seven months.

Patrick Kennedy | Star Tribune (Minneapolis)
May 17, 2023
Business, Technology, Equipment, Fuel

Elon Musk Says Tesla Will Try Advertising

Tesla Inc. CEO Elon Musk said the electric carmaker will dabble in advertisements, a major shift for the company that has largely avoided traditional marketing.

Dana Hull and Sean O'Kane | Bloomberg News
May 17, 2023
Business

Target Stands By Its Annual Outlook

Target Corp. stood by its annual outlook after posting higher-than-expected profit in the first quarter, even as “softening sales trends” threaten to crimp short-term results.

Brendan Case | Bloomberg News
May 17, 2023
Business, Equipment

April Medium-Duty Sales See 16.2% Rebound

U.S. retail sales for medium-duty trucks grew 16.2% in April compared with the year-ago period, according to data from Wards Intelligence.

Connor D. Wolf | Staff Reporter
May 16, 2023
Government, Business, Technology, Equipment

Upcoming NOx Regulations Present Challenges for OEMs

Fleets and Class 8 truck manufacturers are running into many challenges preparing for the updated NOx regulations from the Environmental Protection Agency, coming into effect in 2027.

Gary Frantz | Special to Transport Topics
May 16, 2023
Government, Business

Online CDL Renewal Coming to Idaho in July

Truckers in Idaho will be able to renew their commercial driver licenses online starting in July as a new law to reduce bureaucratic red tape takes effect.

Noël Fletcher | Staff Reporter
May 16, 2023