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.
Ford to Raise Production as Auto Sales Start to Recover
DEARBORN, Mich. — Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022.
March 6, 2023Perspective: The Right Recruiting Impression
Amid the ongoing driver shortage, transportation companies must consider all the ways prospective and current drivers interact with their business, Atlas Logistics' Phil Wahl says.
Rivian Tells Staff EV Output May Be 24% More Than Forecast
Rivian Automotive Inc. has told employees that production of 62,000 electric vehicles is possible this year, according to people familiar with the matter, an increase from the production target it told investors on Feb. 28.
Embark Lays Off Workers, Explores Liquidation or Sale
Autonomous trucking company Embark Trucks announced March 3 it is winding down operations and is exploring a liquidation or sale.
Illinois Trucking Association Urges Fix to Biometric Law
The Illinois Trucking Association is among a business coalition whose leaders are calling on state lawmakers to change an outdated biometric state statute leading to frivolous lawsuits and safety concerns.
New TMC Chair Todd Cotier Focuses on the Details
Keeping a close eye on the fine points is important to Todd Cotier, the new chairman of the Technology & Maintenance Council of American Trucking Associations. So much so that he’s making it the theme of his chairmanship.
Fleets Find Advantages With Electronic DVIRs
Fleets are turning to electronic DVIRs to streamline inspection and repair processes, making it less demanding on drivers and increasing efficiency.
Truck Makers Recruit Their Own Employees to Combat Driver Shortage
Stellantis NV and Renault SA are turning to their own ranks to tackle a shortage of truck drivers that’s leaving thousands of vehicles stranded away from dealerships and customers.
Subaru Makes CEO Change as Japan’s Carmakers Play Catch-Up on EVs
Subaru Corp. appointed Atsushi Osaki as CEO and president, following Toyota Motor Corp.’s decision to overhaul its top ranks, suggesting a greater urgency among Japanese carmakers to accelerate efforts to better compete in the electric vehicle era.
DOE Says Trucks, Transport Refrigeration Units Ideal for Solar Panel Energy
Commercial trucks, trailers and transport refrigeration units have been designated top candidates to integrate with experimental solar photovoltaics to lower diesel fuel use or boost power in electric vehicles.