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

Consumer Confidence Slides for Third Straight Month in July

WASHINGTON — U.S. consumer confidence slid again in July as higher prices for food, gas and just about everything else continued to weigh on Americans.

Matt Ott | Associated Press
July 26, 2022
Business, Technology, Equipment

GM Misses Profit Estimates as Chip Shortage Crimps Output

General Motors Co. reported weaker second-quarter profit than analysts’ estimates as semiconductor shortages kept production volumes in check. The automaker also warned it is bracing for tougher times ahead.

David Welch | Bloomberg News
July 26, 2022
Business, Technology, Autonomous, For-Hire

10 Roads Express Launches Autonomous Route Using Kodiak Tech

The 10 Roads Express company launched an autonomous truck route in partnership with Kodiak Robotics, a driverless trucking company, they announced July 26.

Connor D. Wolf | Staff Reporter
July 26, 2022
Government, Business, Fuel

Diesel Drops 16.4¢ in Latest Double-Digit Decline

Diesel’s national average price continued its downward path, shedding 16.4 cents to $5.268, according to Energy Information Administration data released July 25.

Dan Ronan | Senior Reporter
July 25, 2022
Business, Private

Walmart Cuts Full-Year Profit Outlook

Walmart Inc. cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.

Brendan Case | Bloomberg News
July 25, 2022
Government, Business, Logistics, TCA

Trucker AB 5 Blockade Ends at Port of Oakland

Fruit, nuts and wine are again flowing through the Port of Oakland after truckers quietly ended a multiday blockade over the weekend amid a crackdown on AB 5 protesters by port authorities.

Eliyahu Kamisher | Bay Area News Group
July 25, 2022
Government, Business, Technology, Equipment, Safety

US House Passes Fiscal 2023 Transportation Bill

Legislation that would fund federal transportation programs in fiscal 2023 was recently approved in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
July 25, 2022
Government, Business, Technology

Semiconductor Bill Unites Sanders, the Right — in Opposition

WASHINGTON — A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right.

Kevin Freking | Associated Press
July 25, 2022
Business, Technology, Equipment, Private, Top 100

Walmart Canada Adds 60-Foot Multizone Refrigerated Trailer

Walmart Canada has expanded its fleet to include for the first time in North America a 60-foot multitemperature-zone refrigerated trailer, built by Utility Trailer Manufacturing Co.

Roger Gilroy | Senior Reporter
July 25, 2022
Business, Technology

UAW Head Ray Curry Says EV Battery Plants Must Be Union

SOUTHFIELD, Mich. — United Auto Workers President Ray Curry says if the union can’t organize workers at new electric vehicle battery factories that will supply Detroit’s three automakers, the union’s future would be in serious doubt.

Tom Krisher | Associated Press
July 25, 2022