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.

Business, Equipment

February Medium-Duty Sales Post 3.4% Decline

U.S. retail sales for medium-duty trucks declined 3.4% in February compared with year-ago levels, according to data from Wards Intelligence.

Connor D. Wolf | Staff Reporter
March 15, 2023
Business, Equipment, Safety, Autonomous, Private

Automated Truck Developer Gatik to Make Kroger Deliveries

Autonomous technology developer Gatik is partnering with grocery store chain Kroger for deliveries via automated medium-duty trucks in the Dallas area.

Joe Howard | Executive Editor
March 15, 2023
Business, Technology

North American EV Production Slowly Catches Up to Demand

Electric vehicle production in North America is finally creeping up on EV demand, as automakers like Volkswagen, Ford, Lucid and Rivian hustle to close the output gap with front-runner Tesla.

Kyle Stock | Bloomberg News
March 14, 2023
Government, Business, Safety

Senate CDL Bill Spotlights Veterans

Legislation that would ensure veterans benefits are approved without delay at new commercial driving schools was recently introduced in the U.S. Senate.

Eugene Mulero | Senior Reporter
March 14, 2023
Government, Business, Technology

DOT Announces $2.5 Billion Grant for Charging Infrastructure

The government announced $2.5 billion in grants for charging stations and alternative fueling infrastructure, partly to increase access along highway corridors for longhaul trucking.

Ashraf Khalil | Associated Press
March 14, 2023
Government, Business

Uber, Lyft Get Positive Ruling in California Labor Case

App-based ride-hailing and delivery companies like Uber and Lyft can continue to treat their California drivers as independent contractors, a state appeals court ruled March 13.

Adam Beam | Associated Press
March 14, 2023
Business, Equipment

Ritchie Shareholders Approve $6 Billion IAA Takeover

Shareholders of heavy equipment auctioneer Ritchie Bros. approved the company’s plan to acquire vehicle-seller IAA Inc., ending a battle to block the $6 billion deal.

March 14, 2023
Business, Technology, Fuel

Amazon, Rivian May End EV Van Exclusivity

Electric vehicle manufacturer Rivian and Amazon are in active discussions about ending the exclusivity provision of their delivery van deal, according to multiple media reports.

Zachary Hansen | The Atlanta Journal-Constitution
March 14, 2023
Government, Business

Buttigieg, DOT Push Crackdown on Transportation Mergers

Transportation regulators are shifting how they view competition and will ensure airlines, railroads and others serve consumers, according to Secretary Pete Buttigieg.

Leah Nylen and Alan Levin | Bloomberg News
March 14, 2023
Government, Business

Inflation Stays High in February, Complicating Fed’s Plans

WASHINGTON — U.S. consumer price increases eased from January to February but still indicated elevated inflation, posing a challenge for the Federal Reserve's interest rate plans.

Christopher Rugaber | Associated Press
March 14, 2023