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.
Driver Shortage Decreases Slightly to 78,000, ATA Says
SAN DIEGO — American Trucking Associations revealed Oct. 25 that it estimates the shortfall of professional drivers has decreased slightly to 78,000 for this year.
Hyundai Breaks Ground on $5.5 Billion Electric Car Plant in Georgia
Hyundai Motor Group broke ground in Georgia on Oct. 25 for its first U.S. plant dedicated to making electric vehicles.
Skybitz Unveils Kuantum, Its Next-Generation Trailer Telematics Platform
SAN DIEGO — SkyBitz has introduced Kuantum, its next-generation trailer telematics system featuring an integrated cargo sensor and expanded capabilities to help fleets squeeze more utilization out of their trailers and intermodal containers.
Paccar Notches Record Q3 Net Income
Paccar Inc. notched record third-quarter income amid record results at its parts business and strong global demand for its trucks.
AVIA Taps Jeff Farrah as First Executive Director
The Autonomous Vehicle Industry Association announced the appointment of Jeff Farrah as the organization’s inaugural executive director.
October 25, 2022Trucking Companies Urged to Stay the Course if Recession Occurs
SAN DIEGO — With some economists predicting around a 50-50 chance of the U.S. economy sliding into a recession in the first half of 2023, a panel of experts at American Trucking Associations’ Management Conference & Exhibition urged trucking companies to prepare now for a possible economic downturn by maintaining strong levels of cash flow and — above all — avoiding panic if a recession takes hold.
Billy Joel Thrills With Surprise Performance at Daimler Event
SAN DIEGO — Billy Joel thrilled an audience of trucking industry leaders as the surprise entertainment at Daimler Truck North America’s 2022 Customer Appreciation Event.
Experts Discuss Possible Future Risks for Truckers
SAN DIEGO — A panel of experts discussed the safety challenges and opportunities that exist for truckers out on the road today, including how emerging technologies both promise improvements but also raise questions.
German Government Settles Internal Dispute Over Port Stake Sale to China
The German government is close to reaching a compromise over a disputed sale of a stake in a Hamburg container terminal to China’s state-owned shipping conglomerate Cosco Shipping Holdings Co.
Lidar Sensor Price Plunge Leads to Orders From GM, Volkswagen
Lidar has been winning over more supporters in the automotive industry as prices rapidly decline. Developers are betting that once their sensors are cheap enough, it’ll be difficult to justify not using lidar in vehicles.