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.
Biden Urges Dockworkers, USMX to Resume Talks
President Joe Biden ratcheted up pressure on U.S. port employers and shipping lines to restart talks with striking dockworkers, warning that the unfolding strike could turn into a “man-made disaster.”
Stellantis CEO Mulls Exiting After Contract Ends in 2026
In his first public comments since Stellantis confirmed it had started searching for his successor, CEO Carlos Tavares signaled he’s open to leaving the automaker just over a year from now.
Peterbilt Provides Vocational, Medium-Duty Product Updates
The truck maker detailed recent updates to its vocational and medium-duty truck models Oct. 1 at its Vocational VIP Customer event.
EVgo Gets $1.1 Billion Loan Commitment From DOE
Electric vehicle charging company EVgo Inc. received a loan guarantee of up to $1.05 billion from the U.S. Department of Energy.
IANA Appoints Anne Reinke as New President and CEO
Reinke will officially step into the role at the end of the year, succeeding Joni Casey, who is retiring after 27 years of service.
October 3, 2024Tesla Reports Fifth Cybertruck Recall Within Year of Launch
Tesla Inc. notified U.S. auto-safety officials of a fifth recall involving the Cybertruck in the less than a year since the polarizing pickup launched.
Amazon, Target and Other Retailers Ramp Up Holiday Hiring
Retailers are ramping up hiring for the holiday season, but fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses.
Deutsche Bahn Approves Logistics Unit Sale to DSV
DSV won approval to buy Deutsche Bahn’s logistics unit for $15.8 billion, overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.
FedEx Freight’s Reed to be Honored at MCE
Jackie Reed's NTDC grand championship will be celebrated at American Trucking Associations' Management Conference & Exhibition in Nashville, Tenn., on Oct. 12-15.
Insured Losses From Helene Expected to Reach $6.4 Billion
The assessment includes damage to privately insured automobiles as well as residential, commercial and industrial properties and the impact of business interruption.