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, Technology, Fuel, Logistics, TCA

Ports of L.A., Long Beach Join Bid to Be Hydrogen Fuel Hub

The Los Angeles and Long Beach ports want to be part of a statewide clean hydrogen hub, through which they would get funding to test usage of the fuel to power trucking and terminal equipment.

Donna Littlejohn | Los Angeles Daily News
March 17, 2023
Business, Equipment

Nissan Technicians in Tennessee Vote Against Unionization

Nissan North America technicians in Tennessee voted against organizing under the Machinists union, the latest defeat for unionization efforts at foreign automakers in the U.S. South.

Josh Eidelson | Bloomberg News
March 17, 2023
Business, Technology, Equipment, Autonomous

Broader Horizons for Autonomous Trucks

Self-driving truck developers are pursuing several different concepts for how and where their technology could fit into real-­world freight operations in the coming years.

Seth Clevenger | Managing Editor, Features and Multimedia
March 17, 2023
Business, Technology, Equipment, Logistics

Five Questions for Nicole White

Odyssey Logistics & Technology's chief information officer heads global technology strategy and IT operations.

March 17, 2023
Business, Technology, Equipment

Tackling AI Fleet Management

New artificial intel­ligence capabilities promising automated, 24/7 monitoring of trucking fleets and vehicle maintenance are getting a mixed reaction from trucking leaders.

Joe Dysart | Webology 101
March 17, 2023
Business, Technology, Logistics

Incentivizing Driver Excellence

To remain competitive in a challenging labor market, trucking companies and fleet operators are exploring performance-based pay models to help boost driver retention and recruiting.

Katie Pyzyk | Special to Transport Topics
March 17, 2023
Business, Logistics, For-Hire, Global Freight

FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective

FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.

Thomas Black | Bloomberg News
March 17, 2023
Business, Technology

Chinese Billionaire Sells $1.6 Billion Daimler Truck Stake

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly $1.6 billion.

Rafaela Lindeberg | Bloomberg News
March 16, 2023
Government, Business, Safety, Logistics

House Lawmakers Introduce Bill to Protect Moving Privacy

Legislation meant to safeguard certain identifiable information of individuals moving internationally was recently introduced in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
March 16, 2023
Business, Equipment

Your Fleet's Process Cost & Building a Stronger Business

Program Aired: March 16, 2023 2 p.m. ET. Dropping freight rates and rising costs are going to put more pressure on fleets in 2023. Fleet owners need to become increasingly creative to find new ways to reduce cost to protect margins. Recent research by BeyondTrucks found that US trucking companies incur on average $9,700 per driver per year as a result of poor processes and tools. 

March 16, 2023