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, Logistics

Why Biden Says He Won't Invoke Taft-Hartley in Port Strike

According to the Congressional Research Service, about half the time that presidents have invoked Section 206 of Taft-Hartley, the parties worked out their differences.

Paul Wiseman | Associated Press
October 2, 2024
Business, Technology, Equipment

Freightliner Teases Debut of Fifth Generation Cascadia

Freightliner teased an Oct. 15 unveiling of a revamp of its flagship Class 8 on-highway Cascadia model Oct. 1.

Keiron Greenhalgh | Staff Reporter
October 2, 2024
Government, Business, Technology, Autonomous

Toyota Boosts Investment in Air Taxi Maker Joby Aviation

Toyota is boosting its investment in air taxi manufacturer Joby Aviation by $500 million to support plans for commercial production, bringing its total investment to $894 million.

Chester Dawson | Bloomberg News
October 2, 2024
Business, Equipment

Stellantis’ US Sales Plunge in Sign of Deepening Strains

Stellantis NV’s U.S. sales plunged 20% last quarter as the beleaguered automaker struggled to tame bloated inventories amid high interest rates and softening consumer demand.

Gabrielle Coppola | Bloomberg News
October 2, 2024
Government, Business, Technology, Equipment, Safety

FMCSA Targets Falsified ELD Records in New Approach

A fatal December 2022 crash in Virginia put a fresh spotlight on fraud, when a truck driver falsified ELD records to exceed the 11-hour driving limit.

Eric Miller | Senior Reporter
October 2, 2024
Government, Business, Logistics

Businesses Weigh Fallout From Dockworkers Strike

As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.

October 2, 2024
Business, Logistics, Global Freight

DB Schenker Sale Faces Decisive Vote

Deutsche Bahn AG’s planned 4.3 billion-euro ($15.8 billion) sale of its logistics arm is facing a decisive vote Oct. 2.

October 2, 2024
Business, Fuel

Oil Flows Slump for Fourth Straight Month

The seaborne flow of oil fell for a fourth straight month in September on the back of hefty declines from Libya, where a political row spilled over into supply disruptions.

October 2, 2024
Business, Technology, Autonomous

Tesla Posts First 2024 Quarterly Increase in Deliveries

Low-interest financing, sweet lease deals, price cuts and free charging boosted Tesla’s global deliveries in the third quarter, the first increase this year for the electric vehicle maker.

October 2, 2024
Government, Business, Safety

Helene Leaves Flooded Farms, Fouled Rivers, Dozens Dead

As historic floodwaters unleashed by Hurricane Helene recede across the Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope.

October 2, 2024