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.
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.
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, 2023Nikola 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.
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.
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.
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.
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.
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.
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.
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.