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.

Government, Business, Fuel

OPEC Data Shows Oil-Cut Laggards Still Exceeding Limits

Key OPEC+ nations Iraq, Kazakhstan and Russia continue to pump above output limits intended to shore up global oil prices, the group’s data showed.

Grant Smith | Bloomberg News
July 10, 2024
Business, Technology, Logistics, Private, Global Freight

Amazon Says Its Carbon Emissions Fell in 2023

Amazon.com Inc. says its carbon emissions fell for a second straight year in 2023 as the company cut spending on new warehouses and cloud-computing data centers.

Matt Day | Bloomberg News
July 10, 2024
Business, Equipment

Yokohama Said to Hold Talks for Goodyear’s OTR Tire Business

Yokohama Rubber Co. is in advanced talks to buy Goodyear Tire & Rubber Co.’s off-the-road tire business for at least $1 billion, according to people familiar with the matter.

July 10, 2024
Business, Technology, Equipment, Fuel

Report Finds Opportunities, Obstacles for Electric Vehicles

The trucking industry is seeing more opportunities to deploy electric vehicles despite obstacles that still must be overcome, according to a July 9 report by NACFE and RMI.

Connor D. Wolf | Staff Reporter
July 10, 2024
Business, Logistics, For-Hire

UPS Names Brian Dykes New CFO

UPS Inc. named a company veteran to be its new chief financial officer after the parcel giant’s former finance leader left the company last month to focus on his health.

Cailley LaPara | Bloomberg News
July 9, 2024
Business, Technology, Safety, Autonomous

Driverless Car Hits Person Crossing Against Light in China

BEIJING — A driverless ride-hailing car in China hit a pedestrian, and people on social media are taking the carmaker’s side because the person was reportedly crossing against the light.

July 9, 2024
Business, Safety

FedEx Freight’s Rogers Wins Colorado’s Top Prize

Colorado grand champion Tyler Rogers of FedEx Freight is eager to again accept the challenge of competing at the National Truck Driving Championships in the sleeper berth class.

Eugene Mulero | Senior Reporter
July 9, 2024
Government, Business, Private

Kroger, Albertsons Unveil Stores to Be Divested Before Trial

Kroger Co. released the full list of stores, distribution centers and plants it plans to divest to secure regulatory approval for the proposed merger with Albertsons Cos.

Jaewon Kang and Leah Nylen | Bloomberg News
July 9, 2024
Business, Equipment

Foreign Carmakers Outproduce Detroit Brands in US

Foreign-owned manufacturers churned out more vehicles in the U.S. last year than their rivals in Detroit, a first for the market that underscores major shifts in domestic auto production.

Keith Laing | Bloomberg News
July 9, 2024
Business, Equipment

Daimler Truck North America Q2 Sales Fall 4.7% Year-on-Year

Daimler Truck North America sold 48,230 vehicles in the second quarter of 2024, a 4.7% decrease compared with 50,618 trucks and buses in the same period in 2023.

Keiron Greenhalgh | Staff Reporter
July 9, 2024