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, Technology

GM to Forfeit Emissions Credits in Settlement With EPA

General Motors has agreed to settle allegations that nearly 6 million of its pickups and sport utility vehicles released more emissions than the company reported.

July 3, 2024
Business, Technology, Equipment

Ford F-Series Pickup Sales Fall

Ford Motor Co.’s F-Series pickup truck sales dropped in the second quarter as the automaker slowly rolls out a redesign of its top-selling model to avoid quality problems and recalls.

Keith Naughton | Bloomberg News
July 3, 2024
Government, Business, Safety, Logistics

Houthi Threat Triggers Surge in Pirate Attacks Off Somalia

Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups growing in both number and force, a European naval commander said.

Simon Marks | Bloomberg News
July 3, 2024
Business, Equipment, Fuel, Logistics

ATRI Report: Cost of Operating a Truck Up 6.6% in 2023

The total marginal cost of operating a truck in 2023 rose to a record $2.270 per mile despite fuel costs that fell by 8.8 cents per mile, the American Transportation Research Institute said.

Eric Miller | Senior Reporter
July 3, 2024
Government, Business

US Trade Deficit Widens to Largest Since 2022

The U.S. trade deficit widened in May to the largest since 2022 as a decline in exports of merchandise exceeded a drop in imports.

Mark Niquette | Bloomberg News
July 3, 2024
Business, Equipment

Default Risks Rising for Truck Parts Maker Accuride

Commercial truck parts maker Accuride is burning cash in the wake of pricing actions and weaker-than-expected demand, according to S&P Global Ratings.

Jill R. Shah | Bloomberg News
July 3, 2024
Government, Business, Technology

Chinese Firms Eye Morocco to Cash In on US EV Subsidies

TANGIERS, Morocco — After the U.S. passed subsidies designed to boost domestic EV production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in Morocco.

Sam Metz | Associated Press
July 3, 2024
Business

US New Vehicle Sales Rise Year-Over-Year in Q2 — Barely

U.S. new-vehicle sales rose only slightly in the second quarter despite larger discounts and slightly lower prices.

Tom Krisher | Associated Press
July 2, 2024
Government, Business, Safety

Kentucky College Offering Evening CDL Classes to Meet Demand

Kentucky’s Gateway Community & Technical College is offering its first commercial driver license evening classes to help meet demand for new truck drivers in the state.

Noël Fletcher | Staff Reporter
July 2, 2024
Government, Business, Safety

Biden Proposes Rule to Protect Workers From Extreme Heat

WASHINGTON — President Joe Biden proposed a new rule to address excessive heat in the workplace, warning that high temperatures are the country’s leading weather-related killer.

Suman Naishadham | Associated Press
July 2, 2024