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, Equipment

March Class 8 Orders Stumble

North American Class 8 orders in March ended a short-lived recovery by dropping to 19,200 units, ACT Research reported.

Connor D. Wolf | Staff Reporter
April 5, 2023
Business, Technology, Equipment, Logistics

Spot Rate Bottom Unclear Amid Capacity, Demand Mix

Excess capacity in the spot market amid weakening demand has raised uncertainty over whether rates have actually hit bottom.

Connor D. Wolf | Staff Reporter
April 5, 2023
Business, Equipment, Logistics, Breaking News, For-Hire

FedEx to Merge Ground, Express Units

FedEx Corp. will combine nearly all of its ground, air and other operations by June 2024 as part of a $4 billion cost-cutting initiative, the company announced April 5.

Dan Ronan | Senior Reporter
April 5, 2023
Business, Technology, Safety, Autonomous, Private

Walmart Bets on Automation, Dangles Profit Potential

Walmart Inc. is betting on greater supply chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.

Brendan Case | Bloomberg News
April 4, 2023
Government, Business

House Lawmakers Unveil Trucking Workforce Bill

Reps. Mike Gallagher (R-Wis.) and Abigail Spanberger (D-Va.) unveiled the Strengthening Supply Chains Through Truck Driver Incentives Act in response to the truck driver shortage.

Eugene Mulero | Senior Reporter
April 4, 2023
Business, Technology, Equipment, Fuel

GM Passes Ford in Q1 EV Sales, Still Trails Tesla

DETROIT — General Motors rode strong first-quarter sales of the Chevrolet Bolt to bump crosstown rival Ford out of second place in the U.S. electric vehicle sales race.

April 4, 2023
Business, Equipment, Fuel, TCA

Ford Sales Up 10.1% in Q1

Ford Motor Co.’s sales rose 10.1% year-over-year in the first quarter, lifting the Blue Oval to the best-selling brand — but not manufacturer — in the country for the January-March period.

Jordyn Grzelewski | The Detroit News
April 4, 2023
Business, Technology, Equipment, Fuel, TCA

GM’s BrightDrop Ships First 500 EV Vans From Ontario

BrightDrop has shipped the first 500 electric delivery vans out of CAMI Assembly in Ontario, Canada, that opened three months ago, the company said April 3.

Kalea Hall | The Detroit News
April 4, 2023
Government, Business, Technology, Safety, Perspective

Perspective: Staying Vigilant on Drug Testing

Suhash Harwani of Quest Diagnostics writes: the emerging evidence propels an argument that employers — particularly in the transportation sector — should stay vigilant on drug testing.

Suhash Harwani | Senior Director of Science for Employer Solutions, Quest Diagnostics
April 4, 2023
Government, Business, Logistics, TCA

Monroe Container Port to Move Michigan Autos, Agriculture

Michigan’s first container terminal is rising in Monroe, potentially positioning the state to grow its supply chain, support auto manufacturing and move the state’s agricultural goods.

Myesha Johnson | The Detroit News
April 4, 2023