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.

Business, Logistics, For-Hire

Hub Group: Easo Deal Forms Largest US-Mexico Intermodal Firm

Hub Group will team up with Mexico City-based Easo in a cross-border and intermodal joint venture, the companies said Oct. 8.

Keiron Greenhalgh | Staff Reporter
October 9, 2024
Government, Business, Technology, Autonomous

Expert Proposes Driver’s Test for Autonomous Vehicles

ANN ARBOR, Mich. — A leading expert on autonomous vehicles is calling on the federal government to develop a national driver’s test that such vehicles would have to pass.

Tom Krisher | Associated Press
October 9, 2024
Government, Business, Technology, Equipment, Fuel

Emissions Tampering Costs Auto Parts Firm $10M in Fines

On Sept. 10, Rudy’s Performance Parts Inc. and its owner, Aaron Rudolf, were sentenced in federal court in Washington, D.C., for conspiring to violate the Clean Air Act.

Noël Fletcher | Staff Reporter
October 9, 2024
Government, Business

Oil Faces Rockiest Start to a Month Since 2022

Oil prices have seen their most volatile start to a month in almost two years as the spiraling tensions between Iran and Israel spur a bumper bout of volatility.

Alex Longley | Bloomberg News
October 9, 2024
Business, Logistics, Global Freight

Maersk, Hapag-Lloyd Expect Red Sea to Be Unsafe Into 2025

A.P. Moller Maersk and Hapag-Lloyd plan to begin their partnership sailing south of Africa, indicating they expect the Red Sea to remain unsafe well into 2025.

Christian Wienberg | Bloomberg News
October 9, 2024
Government, Business, Safety

'This Is It' as Hurricane Milton Closes In on Florida

TAMPA, Fla. — Hurricane Milton hurled rain, tornadoes and tropical storm-force winds at the U.S. coast Oct. 9 on the storm's steady, potentially catastrophic march toward Florida.

October 9, 2024
Business, Technology, Private, Global Freight

Charging Developer Terawatt Opens First Facility for Fleets

Terawatt Infrastructure’s truck charging ambitions took a step forward with the opening of its first full-build light-duty fleet facility.

Keiron Greenhalgh | Staff Reporter
October 9, 2024
Business, Technology, Fuel

GM Eyes Affordable Electric Pickup With 350-Mile Range

The Detroit-based automaker is working to secure a North American supply of lithium iron phosphate batteries, according to its vice president of battery strategy.

David Welch | Bloomberg News
October 8, 2024
Business, Technology

Hyzon Begins Series Production of Fuel Cell System for Truck

Hyzon Motors on Oct. 8 began series production in Bolingbrook, Ill., of the 200-kilowatt fuel cell system set to power its Class 8 hydrogen fuel cell truck, the company announced.

Keiron Greenhalgh | Staff Reporter
October 8, 2024
Government, Business, Safety

What to Know About Hurricane Milton’s Storm Surge Threat

Now that Hurricane Milton, a storm more powerful than Helene, is heading straight for the same region, what can residents expect? “Worse. Much worse,” one former FEMA director said.

Brendan Farrington | Associated Press
October 8, 2024