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.
Retail Sales Rise 0.4% in April
NEW YORK — Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things.
Factory Production Rebounds in April After March Slump
Production at U.S. factories rebounded in April, led by a firm advance at automakers and suggesting some stabilization in goods demand.
Delaware Overturns Judge’s Ruling Blocking Tesla Dealership
Delaware’s Supreme Court on May 15 overturned a judge’s ruling upholding a decision by state officials to prohibit electric vehicle maker Tesla from selling its cars directly to customers.
Ex-Audi CEO Pleads Guilty to Diesel Emissions Charges
FRANKFURT, Germany — The former head of Volkswagen’s luxury division Audi pleaded guilty May 16 to charges tied to the automaker’s diesel emissions scandal.
May 16, 2023Isaac Instruments Adds Ginnie Henkels to Its Board
Virginia (Ginnie) Henkels has been appointed to the board of directors at Isaac Instruments.
May 16, 2023XPO’s Robert Dean Wins Washington Title, Qualifies for NTDC
Robert Dean, a longtime professional driver with XPO, took top honors at the Washington Truck Driving Championships last month competing in the flatbed class.
Average Age of Passenger Vehicles Hits Record High
Americans are keeping their cars longer than ever: The average age of a passenger vehicle on the road hit a record 12.5 years this year, according to data gathered by S&P Global Mobility.
White House Envoy Optimistic Port Talks to Produce Deal Soon
A tentative agreement covering longshore workers at the largest U.S. ports is within reach after a year of negotiations between the union and employers, according to Stephen Lyons.
Montana Reins In Third-Party Lawsuit Financiers
A new law on the books in Montana places restrictions on third-party groups that finance civil litigation, a development that was welcomed by motor carriers operating in the state.
Stephen Roy Named Mack Trucks President
Volvo Group announced May 9 that it has appointed Stephen Roy to become the president of its Mack Trucks subsidiary.
May 15, 2023