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, Technology, Equipment, Fuel

DTNA’s John O’Leary Says Infrastructure Challenges Slowing EV Expansion

LAS VEGAS – Daimler Truck North America CEO John O’Leary said charging infrastructure is the key issue limiting further expansion of electric vehicle growth in the trucking industry, and believes his company could be selling more EVs if infrastructure build-out was easier and happening more rapidly.

Joe Howard | Executive Editor
January 31, 2023
Business, Equipment

Love’s Partners With Daimler to Provide Freightliner Services

Love’s Travel Stops formed an exclusive strategic partnership with Daimler Truck North America to provide services for Freightliner vehicles, the companies announced Jan. 31.

Connor D. Wolf | Staff Reporter
January 31, 2023
Business, Logistics, For-Hire

FedEx Implementing Ranking System for Delivery Contractors

FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.

Thomas Black | Bloomberg News
January 31, 2023
Government, Business

Amazon Illegally Resisted NYC Union Drive, Judge Says

Amazon violated federal labor law as part of its efforts to resist unionization at two facilities in New York City, a National Labor Relations Board judge ruled.

Robert Iafolla | Bloomberg News
January 31, 2023
Business, Logistics

Economy Still Shows Signs of Slow, Steady Growth

Even with a stronger-than-expected 2.9% fourth quarter increase in gross domestic product, two  prominent freight transportation economists say the threat of a recession will persist this year.

Dan Ronan | Senior Reporter
January 31, 2023
Business, Logistics

UPS Beats Q4 Expectations; Leadership Optimistic About Labor Negotiations

UPS Inc. announced it beat expectations for fourth-quarter adjusted profit, as it prioritized shipments of high-margin packages.

Dan Ronan | Senior Reporter
January 31, 2023
Government, Business, Technology, Logistics, Autonomous

Self-Driving Semis at Center of California Regulatory Conflict

SACRAMENTO, Calif. — As California regulators explore new rules to put self-driving semitrucks on the road, labor unions are rushing to the state Legislature to ask for a new law they say will protect their jobs.

Adam Beam | Associated Press
January 31, 2023
Government, Business, Technology, Safety, Autonomous

Tesla Gets Justice Department Subpoena for Self-Driving Features

The U.S. Justice Department has requested documents from Tesla Inc. related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing.

January 31, 2023
Business, Equipment

GM Sales Rebound, Quarterly Profits Up 16%

DETROIT — Rising factory output led to strong U.S. sales at the end of last year, pushing General Motors’ fourth-quarter net income up 16% over the same period a year ago.

Tom Krisher | Associated Press
January 31, 2023
Government, Business, Technology, Equipment

Court Upholds Minnesota’s ‘Clean Car Rule’ Tied to California

ST. PAUL, Minn. — The Minnesota Court of Appeals on Jan. 30 upheld the state’s “Clean Car Rule,” which ties the state’s vehicle emission standards to California regulations.

Steve Karnowski | Associated Press
January 30, 2023