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.
Nikola CEO Mark Russell Says Trevor Milton Was Prone to Exaggerate
Nikola Corp.’s chief executive officer told a jury he learned only after joining the company that its debut electric truck had neither a gas-powered turbine nor a fuel cell when founder Trevor Milton unveiled it.
UPS, Aircraft Mechanics Agree to Contract Extension
UPS and its aircraft mechanics union have reached a deal for a three-year contract extension with pay increases and benefit improvements.
Struggling EV Startup Mullen Auto Bids for Bankrupt Electric Last Mile
Troubled EV startup Mullen Automotive Inc. has emerged as the leading bidder for the assets of bankrupt competitor Electric Last Mile Solutions Inc., including a now-idle former Hummer SUV factory in Indiana.
Volvo Trucks Unveils New Axle for Extended Electric Truck Range
Volvo Trucks unveiled its fully electric rear axle that is designed to free up space for batteries, the company announced Sept. 19.
September 19, 2022Europe’s Truckmakers Stockpile Natural Gas as Energy Crisis Worsens
Europe’s biggest truckmakers are stockpiling natural gas and preparing to shift to alternative fuels amid the threat of a winter shortage as Russia continues to cut off pipelines to the continent.
Trucking's Frontline Heroes
Since 2020, TT's Trucking's Frontline Heroes has honored everyday innovators, humanitarians, and selfless high-achievers on trucking and supply chain's frontlines. Learn about the 2022 award ceremony, quizzes, interactive material and specialty Heroes-related content across time.
September 19, 2022DB Schenker Completes USA Truck Acquisition
German logistics service provider DB Schenker completed its previously announced acquisition of USA Truck for $435 million, it announced Sept. 15.
September 19, 2022Germany’s Bosch Warns EV Industry Over Battery Cell Reliance
Europe’s energy crisis offers a hard lesson on the risks of focusing on one fuel source — in the case of the electric vehicle industry, battery cells, according to Markus Heyn, head of mobility services for Robert Bosch GmbH.
Powertrain Suppliers Focus on Fuel, Emissions in Dawn of Electrification
In a world where there is growing interest in electrification, drivetrain/powertrain makers are simultaneously pursuing two goals: developing products and technology when electric trucks reach critical mass; and supplying more low-emission and fuel-efficient products.
Lithium Resumes Gains to Add Pressure on Automakers
After Elon Musk complained that lithium — the ubiquitous raw material needed in electric vehicle batteries — was trading at insane levels, and China’s authorities in March pushed key industry players to act, prices briefly began to cool. Now, they’re rising again to add pressure on automakers.