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, Technology, Equipment

Daimler’s Richard Howard Envisions Transformation of Truck Financing

As technology continues to transform the commercial truck market, Daimler’s Richard Howard sees a similar evolution underway on the financial services side of the industry.

Seth Clevenger | Managing Editor, Features and Multimedia
January 25, 2022
Business, Logistics

N.J. Trucking Leader Myron ‘Mike’ Shevell Dies at 87

New Jersey trucking leader Myron "Mike" Shevell dies at 87 after a career in the industry that spanned decades.

Dan Ronan | Senior Reporter
January 25, 2022
Government, Business, Logistics

New York Works to Expand Road Testing Availability for CDLs

Efforts are underway in New York to enable more people to conduct road tests for commercial driver licenses to reduce a long backlog exacerbated by the ongoing coronavirus pandemic.

Noël Fletcher | Staff Reporter
January 25, 2022
Business, Technology, Autonomous

VW, Bosch Team Up on Self-Driving Software

Volkswagen AG is partnering with Robert Bosch GmbH to develop a common software platform to bring hands-free driving functions to the German carmaker’s entire fleet in a bid to compete with Tesla Inc.

Monica Raymunt | Bloomberg News
January 25, 2022
Business, Technology, Fuel

GM’s $6.5 Billion Electric Truck Blitz Wins Michigan Incentives

General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the state to make sure the automaker didn’t take a big piece of its EV business elsewhere.

David Welch | Bloomberg News
January 25, 2022
Government, Business, Technology

Chip Shortage Expected to Stretch Through 2022

The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses, including automakers and the consumer electronics industry.

Jenny Leonard and Ian King | Bloomberg News
January 25, 2022
Business, Technology, Autonomous

Robotics Startups Seek to Build a Better Self-Driving Lawn Mower

Hundreds of well-funded robotics startups are working on self-driving cars, self-piloting drones and shelf-diving warehouse robots. One lesser-known area that’s beginning to draw the attention of investors: autonomous lawn mowers.

Sarah McBride | Bloomberg News
January 25, 2022
Business, Technology, Autonomous

Teen Tesla Hacker Accessed Owners’ Email Addresses to Warn Them

The 19-year-old cybersecurity researcher who remotely accessed dozens of Tesla Inc. vehicles through a third-party flaw, has a new trick: hacking the car owners’ email addresses to notify them they are at risk.

Ed Ludlow and Emily Chang | Bloomberg News
January 25, 2022
Business, Technology, Equipment

Paccar Boosts Q4 Net Income, Revenue

Paccar Inc. reported fourth-quarter net income rose 26% and revenue increased by about $1 billion compared with a year earlier.

Roger Gilroy | Senior Reporter
January 25, 2022
Government, Business, Safety

OSHA Formally Withdraws Its COVID-19 Vaccine Mandate

The Occupational Safety and Health Administration is formally withdrawing its emergency temporary standard requiring large companies to require their employees to receive COVID-19 vaccinations, the agency announced Jan. 25.

Eric Miller | Senior Reporter
January 25, 2022