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

AutoNation Expects Used-Car Price Drop as Volumes Recover

AutoNation Inc., one of the biggest car dealership chains in the U.S., expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers.

Gabrielle Coppola | Bloomberg News
February 17, 2023
Business, Technology, Equipment, Safety

Ford Halts Production of Electric F-150 After Battery Fire

DEARBORN, Mich. — Ford Motor Co. has suspended production and halted shipments of the F-150 Lightning electric pickup after a battery caught fire during a pre-delivery quality check.

February 16, 2023
Government, Business, Technology, Safety, Autonomous

Tesla Recalls More Than 362,000 Cars Due to Self-Driving Crash Risk

Tesla Inc. is recalling 362,758 vehicles due to a crash risk associated with its so-called Full Self-Driving Beta software, according to U.S. authorities.

Keith Laing and Sean O'Kane | Bloomberg News
February 16, 2023
Government, Business, Technology, Equipment, Fuel

GOP Senators Target EPA Heavy-Duty Truck Rule

Senior Republicans are proposing to overturn federal emissions standards targeting heavy-duty commercial vehicles.

Eugene Mulero | Senior Reporter
February 16, 2023
Business, Fuel, Breaking News

Oil Giant BP Acquires TravelCenters of America

TravelCenters of America is being acquired by BP Products North America in a $1.3 billion deal announced Feb. 16.

Connor D. Wolf | Staff Reporter
February 16, 2023
Government, Business, Technology, Equipment, Fuel

DOE Funds Plans for EV Charging, Hydrogen Fueling on Freight Corridors

Projects that aim to accelerate adoption of electric and fuel cell-powered medium- and heavy-duty trucks along freight corridors in 23 states are earmarked to receive $7.4 million in funding from the U.S. Department of Energy.

Noël Fletcher | Staff Reporter
February 16, 2023
Business, Logistics, Top 100

Pitt Ohio Makes Minority Investment in Aria Logistics

Pitt Ohio Transportation Group has made a minority investment in residential delivery provider Aria Logistics, the company announced Feb. 13.

February 16, 2023
Government, Business, Logistics

Port of Baltimore Readies for More Freight From ZIM

Trucking efficiency improvements are underway at the Port of Baltimore as ZIM Integrated Shipping Services Ltd. prepares to soon double its e-commerce service there with larger container vessels.

Noël Fletcher | Staff Reporter
February 15, 2023
Government, Business, Equipment

ATA’s Chris Spear Presses Excise Tax Repeal at Senate Hearing

WASHINGTON — Federal policymakers seeking to modernize freight industry vehicles should revisit efforts to repeal a long-standing excise tax on new trucks, the leader of American Trucking Associations told a Senate committee Feb. 15.

Eugene Mulero | Senior Reporter
February 15, 2023
Government, Business, Safety

Federal Judge Sentences Four Involved in Staged New Orleans Crashes

Four more individuals have been sentenced for their role in staged crashes with tractor-trailers in the New Orleans area.

Eric Miller | Senior Reporter
February 15, 2023