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, Logistics

J.B. Hunt Posts Lower Earnings, Revenue in Q1

J.B. Hunt Transport Services President Shelley Simpson noted the trucking industry has entered a freight recession while discussing first-quarter results April 17.

April 18, 2023
Business, Technology, Equipment, Safety, Logistics, Global Freight

CMA CGM Offers to Buy Bolloré Logistics for $5.5 Billion

Maritime transport giant CMA CGM SA has entered exclusive talks to buy Bolloré SE’s logistics arm for an enterprise value of 5 billion euros ($5.5 billion).

Tara Patel | Bloomberg News
April 18, 2023
Government, Business

House GOP Points to Transportation Record

An update to Federal Highway Administration guidance related to a $1.2 trillion infrastructure law is among key achievements House Republicans are touting.

Eugene Mulero | Senior Reporter
April 17, 2023
Government, Business, Technology, Equipment, TCA

Norfolk Southern Near Ready to Reopen Some Tracks in Ohio

Norfolk Southern says it has completed excavation of the impacted soil underneath the south track at the site of the East Palestine train derailment and will finish restoration of the track in the coming days.

Kaylee Remington | cleveland.com
April 17, 2023
Government, Business, Technology, Safety, Autonomous

Tesla Reports Another Fatality Involving Automated Driving

Tesla Inc. disclosed to U.S. regulators another fatal crash involving automated driver-assist systems, bringing its total to 17 since June 2021.

Keith Laing | Bloomberg News
April 17, 2023
Government, Business, Technology, Equipment, Fuel

Only 10 EVs Qualify for Full $7,500 US Tax Credit

Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits after stricter battery-sourcing rules take effect and render most plug-in models ineligible.

April 17, 2023
Business, Technology, Equipment

ZF’s CeTrax Lite Begins Series Production

The CeTrax lite electric central drive adapts what the company learned from developing passenger car drives for use in light commercial vehicles.

April 17, 2023
Government, Business, Technology, Fuel

US Tax Breaks Lure European Clean Tech

LONDON — Norwegian startup Freyr will first build batteries to power electric vehicles and store clean energy in a remote town near the Arctic Circle. Up next? An Atlanta suburb.

Kelvin Chan | Associated Press
April 17, 2023
Government, Business, Equipment, Fuel

Drop in Diesel Demand Heightens Recession Concerns

“Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning,” said one expert.

April 17, 2023
Government, Business, Technology, Equipment, Safety

Inward-Facing Cameras Rate Low With Drivers

With an approval rating of 2.2 on a 10-point scale in an American Transportation Research Institute study, it’s clear that truck drivers do not hold driver-facing cameras in high regard.

Eric Miller | Senior Reporter
April 17, 2023