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

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.

Reade Pickert | Bloomberg News
March 1, 2023
Government, Business, Technology, Equipment, Logistics

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.

Eugene Mulero | Senior Reporter
March 1, 2023
Business, Technology

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.

Ed Ludlow and Sean O'Kane | Bloomberg News
March 1, 2023
Government, Business, Equipment, TCA

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.

Jonathon Shorman and Kevin Hardy | The Kansas City Star
March 1, 2023
Business, Technology, Equipment, Autonomous

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.

Connor D. Wolf | Staff Reporter
March 1, 2023
Government, Business, Safety

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.

Eric Miller | Senior Reporter
March 1, 2023
Business, Technology, Equipment, Fuel

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.

Connor D. Wolf | Staff Reporter
February 28, 2023
Business, Technology

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.

Tom Krisher | Associated Press
February 28, 2023
Business, Logistics

Big G Express Acquires RTR Transportation

Two Tennessee freight carriers have merged with the acquisition of RTR Transportation by Big G Express.

Noël Fletcher | Staff Reporter
February 28, 2023
Business, Technology, Equipment

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.

Michael Freeze | Features Editor
February 28, 2023