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, Equipment, Fuel

Biden Pledge to Make Federal Fleet Electric Faces Slow Start

WASHINGTON — President Joe Biden, a self-described “car guy,’’ often promises to lead by example on climate change by moving swiftly to convert the sprawling U.S. government fleet to zero-emission electric vehicles. But efforts to eliminate gas-powered vehicles from the fleet have lagged.

October 3, 2022
Business, Technology, Safety, Logistics, Autonomous

Tesla Q3 Sales Bounce Back but Fall Short of Estimates

AUSTIN, Texas — Tesla’s sales rose 35% in the July-September period compared to the second quarter as the company’s huge factory in China got past supply chain issues and pandemic restrictions.

October 3, 2022
Government, Business, Safety

Ian Lashes South Carolina as Florida Surveys Devastation

CHARLESTON, S.C. — A revived Hurricane Ian made landfall on coastal South Carolina on Sept. 30, threatening the historic city of Charleston with severe flooding after the deadly storm caused catastrophic damage in Florida and trapped thousands in their homes.

September 30, 2022
Government, Business, Safety

New York Allows Trucking Companies to Give CDL Road Tests

The state of New York is now permitting trucking companies and other qualified third parties to administer road tests for commercial driver licenses, a move to help address a shortage of commercial drivers in the state.

Noël Fletcher | Staff Reporter
September 30, 2022
Business, Technology, Equipment

Volvo Trucks’ Peter Voorhoeve Sees Opportunity to Accelerate Zero-Emission Goals

DUBLIN, Va. — The time is now to accelerate the shift to zero-emission vehicles despite red flags in the market, Volvo Trucks North America CEO Peter Voorhoeve said Sept. 29.

Connor D. Wolf | Staff Reporter
September 30, 2022
Government, Business, Technology, Equipment, TCA

ADAS Maker Continental Unveils Plant in Texas

NEW BRAUNFELS, Texas — Continental’s new automotive manufacturing plant is officially up and running after a yearlong delay caused by the pandemic.

Megan Rodriguez | San Antonio Express-News
September 30, 2022
Business, Technology, Equipment, Autonomous, For-Hire

EV Startup Arrival in Talks on Funds to Unlock US Market

Electric vehicle startup Arrival SA surged after it said it’s in talks to raise capital to build and sell its products in the U.S.

Siddharth Philip | Bloomberg News
September 30, 2022
Business, Technology, Equipment, Fuel

Auto Industry Banks on EV Sales to Rental Fleets

Auto sales to rental fleets used to be seen as a sign of failure. With the dawn of the electric vehicle age, that’s changing.

David Welch | Bloomberg News
September 30, 2022
Government, Business

Resilient Consumers Spend Slightly More in August

WASHINGTON — Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent and other essentials.

Christopher Rugaber | Associated Press
September 30, 2022
Government, Business

States Spend Federal COVID Aid on Roads, Buildings, Seawalls

Funds from President Biden's American Rescue Plan Act — which provided flexible aid to states and local governments for COVID relief — are being used for infrastructure and public works projects across the country.

September 29, 2022