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.
Opportunities Abound for Women in Trucking, Observers Say
DALLAS — Trucking provides women with career opportunities that allow them to chart successful paths, but consideration must be given to challenges they face, experts said at an industry conference.
Perspective: Retaining Drivers Is About Commitment
So, you’ve hired a truck driver. Now how do you retain them over the long haul?
Waabi Unveils Adaptable Autonomous Driving System for Trucking
Self-driving truck startup Waabi has unveiled its core product, the Waabi Driver, an autonomous driving system for commercial trucks designed to learn and adapt to new routes and driving scenarios at a faster pace and lower development cost.
Traton Reports Operating Profit Slips, Revenue Jumps
Traton Group reported operating profit fell 32% and revenue rose 32% in the nine-month period ending Sept. 30 compared with a year earlier, and noted a challenging environment remains.
October Average Retail Price for Used Class 8 Stays Above $83,000
The average U.S. retail price in October for a used Class 8 just cleared $83,000, 15% higher compared with a year earlier, ACT Research reported.
The Battery Supply Chain Is Finally Coming to America
Redwood Materials Inc., the battery recycling company created by Tesla co-founder J.B. Straubel, said it has reached a deal to supply Panasonic with billions of dollars in critical battery components that will be produced in the U.S. for the first time.
Walmart’s Grocery Gains Power Sales Beat and Stock Jump
Walmart Inc. jumped Nov. 15 after the retail giant reported strong quarterly results and boosted its annual forecast, putting its shares on pace to erase this year’s losses.
Wholesale Inflation Eased in October for Fourth Straight Slowdown
Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels.
Diesel Demand Destruction Starting to Look Inevitable, International Agency Says
Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.
Daimler Reports Strong Q3 Gains Amid Constraints
Daimler Truck Holding AG reported a continued profitable growth path during the third quarter, with rocketing net income and higher revenue despite supply chain constraints and headwinds from raw material and energy prices.