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, Technology

Biden Administration Pledges $2B to Reinforce Electric Grid

The funding for 32 projects is being made available through the Energy Department and will span 42 states. Investments will include utilities damaged by hurricanes Helene and Milton.

October 18, 2024
Government, Business, Technology, Safety, Autonomous

Tesla’s Full Self-Driving Under Investigation by NHTSA

NHTSA said Oct. 18 it will assess whether Tesla’s system, also known as FSD, has the ability to detect and appropriately respond to fog and other reduced visibility conditions.

Craig Trudell | Bloomberg News
October 18, 2024
Business

Housing Starts Fall as Multifamily Projects Tumble

Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Oct. 18, after a big rebound in construction in August.

Michael Sasso | Bloomberg News
October 18, 2024
Government, Business

Presidential Race Is Too Close to Call, Karl Rove Says

NASHVILLE, Tenn. — This presidential election is a once-in-a-generation contest that will be decided over key policy issues, political strategist Karl Rove told trucking executives.

Eugene Mulero | Senior Reporter
October 17, 2024
Business, Equipment

Oklahoma Woman Wins the Last Peterbilt Model 389x Built

NASHVILLE, Tenn. — An Oklahoma woman won Rush Truck Centers’ sweepstakes to give away the last Peterbilt Model 389x produced.

Eric Miller and Joe Howard | Staff Reporters
October 17, 2024
Business, Technology, Fuel

Northvolt Close to $300M Deal to Address Cash Flow Issues

A combination of shareholders, lenders and customers are participating in the bridge funding, and the instruments vary among these groups, a source said.

Rafaela Lindeberg | Bloomberg News
October 17, 2024
Business, Technology, Equipment, Fuel, Logistics

EV Manufacturer Revoy Unveils Ryder as First Customer

Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.

Keiron Greenhalgh | Staff Reporter
October 17, 2024
Government, Business, Logistics, TCA

Ports of Indiana Announces Expansion and New Partnership

JEFFERSONVILLE, Ind. — Ports of Indiana, in partnership with Superior River Terminals Indiana, has launched “Indiana River and Rail Terminals,” the largest general cargo operation on the Ohio River.

Erik Hackman | The Evening News and the Tribune, Jeffersonville, Ind.
October 17, 2024
Business, Safety

Meijer, Ohio Trucking, DDC Win Awards for Industry Advocacy

NASHVILLE, Tenn. — The Mike Russell Trucking Image Award is given annually to those that demonstrate the industry’s essential nature, professionalism and commitment to safety.

Connor D. Wolf | Staff Reporter
October 17, 2024
Business, Fuel

LNG Tanker Glut Is Softening Blow for Consumers

Ships that carry LNG are being built faster than new supplies of the fuel can come to market, helping to lower transport costs and cushioning consumers from paying more for energy this winter.

October 17, 2024