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.
Tesla Signals Pullback on Goal of 20 Million Cars by 2030
Tesla omitted a previously stated goal to eventually sell 20 million vehicles a year from one of its yearly reports, adding to signs Elon Musk is prioritizing autonomy over its car business.
Kenworth Reveals SuperTruck 2 Concept at ACT Expo
LAS VEGAS — Kenworth Truck Co. showcased its SuperTruck 2 high-efficiency concept tractor for the first time this week at Advanced Clean Transportation Expo 2024.
Trucking Faces ‘Peak Complexity’ on Road to a Greener Future
LAS VEGAS — On the road toward a more environmentally sustainable future, the trucking industry is encountering an unprecedented level of complexity.
NHTSA Investigates After 4 Die in Crash of VinFast EV
NHTSA has opened an investigation into VinFast’s first U.S. electric vehicle model less than a month after four family members were killed in a one-car accident in the California Bay Area.
John Hess Calls Investors to Back Chevron Deal Before Vote
John Hess is talking to directly with shareholders in a last-ditch effort to ensure enough support for a $53 billion takeover by Chevron Corp., according to people familiar with the matter.
Judge Signs Off on $600M Ohio Train Derailment Settlement
A federal judge has signed off on the $600 million class action settlement over last year’s disastrous Norfolk Southern derailment in eastern Ohio.
Big Oil Investigation Sent to Justice Department by Dems
Democrats are asking the Department of Justice to investigate major oil companies and their trade groups following a congressional probe.
May 22, 2024April Trailer Orders Up After Six Months of Declines
U.S. trailer orders increased year-over-year for the first time in six months during April, ACT Research reported.
Volvo, Aurora Unveil Production-Ready Autonomous Tractor
LAS VEGAS — Volvo Trucks has unveiled its first production-ready autonomous Class 8 tractor, which combines its newly updated VNL model with Aurora’s automated driving technology.
Electrification Has Its Challenges, J.B. Hunt’s Simpson Says
LAS VEGAS — J.B. Hunt's Shelley Simpson encouraged attendees at the Advanced Clean Transportation Expo to be part of the solutions and innovation of sustainable transportation.