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.
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.
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.
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.
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.
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.
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.
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.
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, 2023GM 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.
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.