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

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.

Anne D’Innocenzio | Associated Press
May 16, 2023
Government, Business, Equipment

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.

Reade Pickert | Bloomberg News
May 16, 2023
Government, Business, Technology

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.

Randall Chase | Associated Press
May 16, 2023
Government, Business, Technology, Equipment

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, 2023
Business, Technology, Equipment

Isaac Instruments Adds Ginnie Henkels to Its Board

Virginia (Ginnie) Henkels has been appointed to the board of directors at Isaac Instruments.

May 16, 2023
Business, Equipment, Safety

XPO’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.

Eugene Mulero | Senior Reporter
May 16, 2023
Government, Business, Equipment, Safety

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.

Tom Krisher | Associated Press
May 15, 2023
Government, Business, Logistics

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.

Laura Curtis | Bloomberg News
May 15, 2023
Government, Business

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.

Noël Fletcher | Staff Reporter
May 15, 2023
Business, Equipment

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