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.
Manufacturing Shrinks at Slower Pace in February, Prices Gauge Jumps
A gauge of manufacturing improved for the first time in six months, though activity remained in contraction territory amid fragile demand and growing inflationary pressures.
ATA Execs Highlight Outreach, Advocacy Benefits at MSC Conference
ORLANDO, Fla. — Long-standing advocacy and outreach programs continue to be essential tools for stakeholders to advance their message with policymakers, American Trucking Associations executives told members of the Moving & Storage Conference on Feb. 27.
Rivian Slides as EV Production Target, Cash Burn Raise Concerns
Rivian Automotive Inc. tumbled the most in nine months after the electric vehicle maker’s production plans for this year fell short of Wall Street’s expectations.
Buttigieg, Surveying Future Panasonic Battery Plant, Sees Manufacturing ‘Renaissance’
Transportation Secretary Pete Buttigieg on Feb. 27 hailed the massive Panasonic battery plant planned for De Soto, Kan., as part of a wave of industrial production centered on electric vehicles that is spurring an “American renaissance” in manufacturing.
AVs Could Alter Trucking Insurance Landscape
ORLANDO, Fla. — The emergence of autonomous vehicle technology could have profound repercussions for trucking insurance, according to a panel of experts Feb. 28 during the Technology & Maintenance Council Annual Meeting and Transportation Technology Exhibition.
CVSA International Roadcheck Event Set for May 16-18
The Commercial Vehicle Safety Alliance has scheduled this year’s International Roadcheck event for May 16-18, CVSA announced Feb. 28.
VTNA Introduces Dealer Service Plan Alongside Connected Tech
ORLANDO, Fla. — Volvo Trucks North America launched a dealer-managed service plan and connected vehicle technology tool Feb. 28 during the Technology & Maintenance Council Annual Meeting and Transportation Technology Exhibition.
Stellantis Idles Illinois Plant, Takes Step Toward Closure
DETROIT — Stellantis is moving closer to closing its factory in Belvidere, Ill., as it prepares for the costly transition from internal combustion to electric vehicles.
Big G Express Acquires RTR Transportation
Two Tennessee freight carriers have merged with the acquisition of RTR Transportation by Big G Express.
Trova Announces Alliance With Chateau Energy Solutions
ORLANDO, Fla. — Trova Commercial Vehicles announced its partnership with Chateau Energy Solutions, an electric vehicle charging infrastructure developer during a media event at the Technology & Maintenance Council Annual Meeting and Transportation Technology Exhibition on Feb. 27.