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, Logistics, For-Hire

J.B. Hunt Q3 Profit Beats Expectations, Boosts Share Price

Profit at J.B. Hunt Transport Services fell in the third quarter of 2024 but outperformed analyst expectations as intermodal volume rose year over year.

Keiron Greenhalgh | Staff Reporter
October 16, 2024
Business, Technology

Toyota Joins With Boston Dynamics on AI-Powered Robots

Toyota Motor Corp.’s research unit and Hyundai Motor Co.’s Boston Dynamics are joining forces to speed up development of humanoid robots with artificial intelligence.

Chester Dawson | Bloomberg News
October 16, 2024
Business, Technology, Equipment, Safety, Autonomous

Aurora: Autonomous Trucks Can Reduce Risk, Insurance Costs

NASHVILLE, Tenn. — Autonomous trucks could help ease liability risk and alleviate rising insurance costs in the trucking industry by proactively identifying hazards and avoiding crashes.

Seth Clevenger | Managing Editor, Features and Multimedia
October 16, 2024
Business, Technology, Logistics, Private, Global Freight

Amazon, Google Make Dueling Nuclear Investments

Amazon on Oct. 16 said it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity.

October 16, 2024
Business, Technology

GM Invests $625 Million in Biggest US Lithium Project

GM will commit $625 million toward what’s likely to be one of the biggest U.S. lithium mines, reinforcing the automaker’s efforts to secure domestic supply of the battery metal critical for EVs.

Mark Burton | Bloomberg News
October 16, 2024
Government, Business, Technology

US to Loan EV Battery Parts Maker $671M for Georgia Plant

The Biden administration is poised to loan nearly $671 million to Aspen Aerogels Inc. to make a key component of electric car batteries in the election battleground state of Georgia.

October 16, 2024
Business, Logistics

Dellinger Installed as ATA’s 80th Chairman

NASHVILLE, Tenn. — American Trucking Associations wrapped up MCE 2024 on Oct. 15 with an evening of celebration after electing Dennis Dellinger as the federation’s 80th chairman.

Eric Miller | Senior Reporter
October 16, 2024
Business, Logistics

Family, Faith, Trucking: Dennis Dellinger’s Road to ATA Chair

The rise of the 80th ATA chairman is the story of a tough but fair trucking leader, a hardworking, astute man who has advanced over nearly four decades to the top of his profession.

Eric Miller | Senior Reporter
October 15, 2024
Government, Business, Technology, Equipment, Fuel

Volvo Trucks Pushes Ahead With Electric Truck Goals

NASHVILLE, Tenn. — Volvo Trucks North America President Peter Voorhoeve reaffirmed Oct. 13 his commitment to lowering emissions with electric trucks even amid a slowing market.

Connor D. Wolf | Staff Reporter
October 15, 2024
Business, Fuel

Diesel Rises for Fourth Straight Week With 4.7-Cent Gain

The national average diesel price increased 4.7 cents to $3.631 per gallon, according to U.S. Energy Information Administration data released Oct. 15. 

October 15, 2024