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, Technology, Fuel

Mexico Aims for Locally Made EVs to Rival Imports

Sheinbaum, a former energy researcher who made the small car part of her pledges in her Oct. 1 inauguration address, said the goal is for all components to be made locally.

Maya Averbuch | Bloomberg News
October 11, 2024
Business, Equipment, Breaking News

September Class 8 Retail Sales Fall 1.9% Year Over Year

U.S. Class 8 truck retail sales fell year over year in September for a second consecutive month and the eighth month out of nine so far in 2024. However, sales rose on a month-on-month basis.

Keiron Greenhalgh | Staff Reporter
October 11, 2024
Business, Technology, Equipment

International Q3 Sales Jump 41% as OEM Clears Backlog

Sales at International soared in the most recent quarter after the truck and bus maker was able to clear a large part of a backlog of vehicles missing their mirrors.

Keiron Greenhalgh | Staff Reporter
October 11, 2024
Business, Equipment, Logistics

MCE 2024 to Showcase Trucking’s Importance

American Trucking Associations will stress the importance of professional drivers as part of its 2024 Management Conference & Exhibition in Nashville, Tenn.

Connor D. Wolf | Staff Reporter
October 11, 2024
Government, Business, Safety

Florida Cleans Up After Hurricane Milton Tears Through

ST. PETERSBURG, Fla. — Florida residents repaired damage from Hurricane Milton and cleaned up debris Oct. 11 after the storm tore homes to pieces and flooded streets.

October 11, 2024
Business, Equipment

Stellantis, Seeking to Revive Sales, Makes Leadership Changes

Stellantis announced a number of significant leadership changes, including the timing of CEO Carlos Tavares’ retirement as it struggles to revive sales in North America.

Michelle Chapman | Associated Press
October 11, 2024
Business, Logistics

Femsa Offloads Logistics Operations to Grupo Traxion

Mexican behemoth Fomento Economico Mexicano has agreed to sell logistics operations to Mexican trucking firm Grupo Traxion for $205 million as the conglomerate continues to shed assets.

Michael O'Boyle | Bloomberg News
October 11, 2024
Government, Business, Technology, Safety, Autonomous

Elon Musk Unveils Tesla’s Cybercab

LOS ANGELES — Tesla unveiled its long-awaited robotaxi at a Hollywood studio Oct. 10, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available.

Tom Krisher and Alex Veiga | Associated Press
October 11, 2024
Business, Fuel

EIA Cuts Diesel Price Forecast Despite Harvest Season Uptick

Forecasts for trucking’s main fuel, which alongside heating oil is part of the distillate portion of the crude barrel, softened over the past month even as retail prices edged higher.

Keiron Greenhalgh | Staff Reporter
October 10, 2024
Government, Business

Trump Proposes Doubling Deduction for Work Vehicles

As Trump seeks to capitalize on the economy, an issue where voters give him the edge over Harris, he’s sharpened his attacks on the Biden administration’s handling of the matter.

Hadriana Lowenkron | Bloomberg News
October 10, 2024