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.
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.
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.
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.
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.
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.
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, 2024Dellinger 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.
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.
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.
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