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.
GM Next After Canadian Autoworkers OK Deal With Ford
DETROIT — Canadian auto workers say General Motors will be their next target after members ratified a new three-year labor contract with Ford.
September 25, 2023Buttigieg Says Both UAW, Big Three Automakers Can Win
The United Auto Workers and Detroit’s Big Three can all notch wins in contract negotiations, with workers securing strong raises while the carmakers keep thriving, Pete Buttigieg said.
Run on Less Event Sees Big Improvements, Pleasant Surprises
The North American Council for Freight Efficiency’s latest Run on Less program is largely producing pleasant surprises so far, including Tesla Semi performance.
Daimler Truck Financial Services Plans European Expansion
Daimler Truck Financial Services is expanding into new markets to strengthen its operational presence in central-eastern Europe, the company announced Sept. 22.
September 22, 2023FTC Poised to Sue Amazon for Antitrust Violations
The Federal Trade Commission is expected to sue Amazon for antitrust violations next week, according to people familiar with the matter — the agency’s fourth swipe at the retail giant in 2023.
UAW Strikes Spread to 38 Locations in 20 States
The president of the United Auto Workers said Sept. 22 the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis plants in 20 states.
Volvo Energy Developing Second-Life Plans for Truck Batteries
GOTHENBURG, Sweden — Executives from Volvo Energy said they are developing long-term life cycle plans for batteries used in their electric trucks, with an emphasis on energy storage.
September 22, 2023Volvo Picks New Chairman Amid Spinoff Talk
Volvo Group, one of the world’s largest truck makers, has proposed that Par Boman be appointed its new chairman at the Swedish company’s annual general meeting in March.
Freight Executives Press Congress on Trucking Priorities
WASHINGTON — Policy initiatives that could improve economic and legal conditions for the trucking industry were raised during a meeting between family-owned stakeholders and lawmakers.
EPA’s Own Scientists Warn Ethanol Might Not Be Green Enough
The U.S. government’s own scientists on Sept. 21 questioned whether corn-based ethanol is better for the environment than traditional petroleum-based fuels.