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, Equipment, Logistics, Autonomous, Top 100

Torc Robotics, C.R. England Team on Autonomous Pilot

Self-driving-trucks technology firm Torc Robotics and refrigerated carrier C.R. England are teaming up on a pilot program.

Keiron Greenhalgh | Staff Reporter
May 15, 2023
Government, Business, Equipment, Safety

Air Bag Manufacturer Refusing NHTSA’s Request to Recall

ARC Manufacturing could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled.

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

Regulators Announce Members of Truck Leasing Task Force

Federal regulators have appointed nine individuals to serve on a truck-leasing task force that is charged with evaluating lease agreements in the trucking industry.

Eric Miller | Senior Reporter
May 15, 2023
Government, Business, Technology, Fuel

Study Urges Excise Tax Repeal for Electric Trucking Takeoff

Repeal of the federal excise tax on heavy-duty commercial vehicles should be a key tool in the push to reduce trucking’s greenhouse gas emissions through electrification, a study says.

Keiron Greenhalgh | Staff Reporter
May 12, 2023
Business, Logistics, For-Hire, TCA

U.S. Xpress Cuts Corporate Staff Ahead of Knight-Swift Deal

After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
May 12, 2023
Government, Business, Logistics, Global Freight, TCA

Chicago Suburbs Appeal Federal Approval of CPKC Rail Merger

A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.

Sarah Freishtat | Chicago Tribune
May 12, 2023
Government, Business, Technology

Commerce Department to Award Grants to Fund Tech Hubs

WASHINGTON — The Commerce Department is launching the application process for cities to receive a total of $500 million in grants to become technology hubs.

Josh Boak | The Associated Press
May 12, 2023
Government, Business

Consumer Long-Term Inflation Expectations Hit 12-Year High

U.S. long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting growing concerns about the economic outlook.

Reade Pickert | Bloomberg News
May 12, 2023
Government, Business, TCA

San Antonio Water Utility Is Electrifying Its Fleet

San Antonio Water System is doing its part to help the environment by cutting down on greenhouse gas emissions by adding 13 fully electric vehicles to its fleet.

September Downing | San Antonio Express-News
May 11, 2023
Business, Technology, Equipment, Breaking News

April Class 8 Sales Up 19.4% Year-Over-Year

U.S. Class 8 retail sales in April increased 19.4% from a year ago but declined on a month-to-month basis, Wards Intelligence reported.

Connor D. Wolf | Staff Reporter
May 11, 2023