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.

Government, Business

Factory Output Rises Slightly, Limited by Auto Production

Production at U.S. factories barely rose in August as a drop in motor vehicle assemblies masked a rebound in output of other consumer goods and business equipment.

Matthew Boesler | Bloomberg News
September 15, 2023
Government, Business, Equipment

Workers Are on Strike at All 3 Detroit Automakers

DETROIT — About 13,000 U.S. auto workers went on strike Sept. 15 after their leaders couldn’t bridge a giant gap between union demands and what Detroit’s three automakers are willing to pay.

September 15, 2023
Business, Technology, Equipment, Safety, Fuel

Nikola FCEV Truck Deliveries to Start Before End of September

The first deliveries of Nikola’s hydrogen-fuel-cell-powered Class 8 truck are set to begin as early as late September, CEO Steve Girsky said Sept. 13.

Keiron Greenhalgh | Staff Reporter
September 14, 2023
Government, Business, Safety, Logistics

Explosion at Union Pacific Railyard Prompts Evacuations

An explosion inside a container at a Union Pacific railyard prompted evacuations in western Nebraska on Sept. 14 because of the toxic smoke generated when one of the chemicals caught fire.

Josh Funk | Associated Press
September 14, 2023
Business, Logistics, Top 100

GXO Agrees to Buy PFSweb for First US-Based Acquisition

GXO Logistics announced Sept. 14 it has entered into a definitive agreement to acquire the high-end e-commerce order fulfillment platform PFSweb.

Connor D. Wolf | Staff Reporter
September 14, 2023
Government, Business, Equipment, Fuel

Biden’s Rules on Clean Transportation Face a Crucial Test

WASHINGTON — Efforts by the Biden administration to limit pollution from tailpipes face a crucial test as legal challenges brought by GOP-led states head to a federal appeals court.

Matthew Daly | Associated Press
September 14, 2023
Business, Equipment, Logistics

Port of Long Beach’s Hacegaba Sees Better Days Ahead in 2024

LONG BEACH, Calif — Port of Long Beach Chief Operating Officer Noel Hacegaba said the port is down nearly 27% year-to-date compared with 2022, but he believes business is turning around. 

Dan Ronan | Senior Reporter
September 14, 2023
Business, Technology, Equipment

Electric Vehicle Sales Hit Critical Mark

Electric cars are smashing all kinds of records in the U.S. Their share of new cars exceeded 7% for the first half of the year, speeding past a critical tipping point for mass adoption.

Tom Randall | Bloomberg News
September 14, 2023
Business, Equipment, Breaking News

August Class 8 Sales Down 1%

U.S. Class 8 retail sales in August stayed about the same from the year-ago period but increased from the prior month, Wards Intelligence reported.

Connor D. Wolf | Staff Reporter
September 14, 2023
Business, Technology, Equipment

Volvo Charts Customer-Focused Path for Zero-Emission Goals

GOTHENBURG, Sweden — Leaders from Volvo Trucks said they’re taking a customer-focused approach to achieving corporate goals for reduction of carbon emissions.

Joe Howard | Executive Editor
September 14, 2023