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

How to Combat Rising Insurance Costs

Program Aired: May 16, 2 p.m. ET Recouping your claims - from filing and acknowledgement to investigation and settlement - can exhaust more time and money than you can afford. Instead of a game of telephone, what if your service provider managed each step of the process from claim to settlement and offered you a single touchpoint for all your questions? Chas Nickells, Vice President of Business Development for Transportation at Davies Group, joins Seth Clevenger to share his decades of experience creating custom claims solutions for industry leaders and teach you how end-to-end claims solutions can transform your operations.   

May 16, 2024
Business, Equipment

Trucking Limps Through Another Quarter in Q1

The trucking industry continued to bounce along the bottom of a prolonged freight recession during the first quarter of 2024.

Connor D. Wolf | Staff Reporter
May 16, 2024
Business, Technology

Honda to Invest $65 Billion Over 10 Years to Bolster EV Push

Honda will invest $65 billion on its electrification strategy this decade as it expects demand for battery-powered vehicles will rebound from short-term headwinds.

Supriya Singh | Bloomberg News
May 16, 2024
Business, Private, Global Freight

Walmart Delivers Strong First Quarter

NEW YORK — Walmart Inc. reported another quarter of strong results May 16 as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.

Anne D’Innocenzio | Associated Press
May 16, 2024
Business, Equipment

Deere Cuts 2024 Profit Outlook on Lower Tractor Sales

Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors.

Michelle Chapman | Associated Press
May 16, 2024
Government, Business, Technology

Patent Infringement Probe Opens Against Motive Technologies

The U.S. International Trade Commission agreed to open an investigation into patent infringement allegations by Samsara that Motive Technologies has violated a provision of the Tariff Act.

Eric Miller | Senior Reporter
May 16, 2024
Government, Business, Technology, Fuel, Logistics

Long Beach ‘Tri-Gen’ Ops Start for Toyota Vehicle Facility

Civic officials and business executives on May 2 celebrated the opening of “Tri-gen,” an energy generation project at the Port of Long Beach.

Noël Fletcher | Staff Reporter
May 15, 2024
Business, Logistics, Private, Global Freight

Amazon Workers Say They Struggle to Afford Food, Rent

Five years after Amazon.com Inc. raised wages to $15 an hour, half of warehouse workers surveyed by researchers say they struggle to afford enough food or a place to live.

Matt Day | Bloomberg News
May 15, 2024
Business, Technology, Safety, Autonomous

Judge: Tesla Must Face Suit Alleging Buyers Were Misled

Tesla must face a proposed class-action lawsuit alleging that it misled consumers about its cars’ self-driving capabilities, a U.S. district judge ruled May 15.

Rachel Graf | Bloomberg News
May 15, 2024
Government, Business, Safety

Bridge From Galveston to Island Closes After Barge Strike

A bridge connecting Galveston, Texas, with a small nearby island was shut down after a barge strike.

Juan Lozano | Associated Press
May 15, 2024