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.
Moving and Storage Executives Descend on Washington
Several dozen executives from the moving and storage sector recently spent a day in the halls of Congress to discuss key issues with about 60 lawmakers or their staffs.
Daimler Fuel Cell Truck Completes Long-Distance Run
BERLIN — Daimler Truck demonstrated the potential for a fuel cell-powered truck by completing an approximately 650-mile run with its Mercedes-Benz GenH2 cabover model in its native Germany.
Used Class 8 Sales Rise 4.65% in August
Used Class 8 truck sales rose 4.65% in August to 22,500 from 21,500, the first year-over-year increase since November, according to the latest data from ACT Research.
Heartland Express Deploys Isaac In-Cab Technology
Truckload carrier Heartland Express has deployed Isaac Instruments’ in-cab telematics system across its fleet, the companies said in a joint announcement.
UAW Targets 30% Wage Bump to Satisfy Workers, Grow Members
The United Auto Workers union wants to emerge from its strike against Detroit’s three major automakers with at least a 30% pay raise, according to people familiar with the matter.
September 28, 2023Excitement Builds for Mack's Medium-Duty Electric Truck
Mack Trucks and Kriete Truck Centers discussed the encouraging signs they’re hearing from customers about the upcoming rollout of Mack's first medium-duty electric truck.
Uber Freight Adds AI Tools to Better Compete in Cargo Market
The freight unit of Uber Technologies has tapped its vast data files to create an AI tool that can predict late shipments — and make suggestions for alternative routes.
Hyzon to Pay $25 Million Fine After Settling With SEC
Hyzon Motors will pay a $25 million fine to the U.S. Securities and Exchange Commission after an investigation, the Class 8 hydrogen-powered truck manufacturer said.
AGCO to Buy Trimble Assets for $2 Billion to Boost Farm Tech
AGCO Corp., one of the world’s largest agricultural tractor makers, will acquire technology assets from Trimble for $2 billion to boost its offerings in the precision agriculture market.
Q2 GDP Remains Steady at 2.1% Growth
WASHINGTON — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Sept. 28.