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, Logistics

Amazon Tries to Calm Fears Over Supply Chain Woes

Amazon .com Inc. is talking up the size of its delivery operation to ease public alarm that a supply chain crisis could strangle holiday shopping.

Matt Day | Bloomberg News
October 25, 2021
Government, Business

ATA Leader Chris Spear Touts Drivers’ Contributions, Spotlights Infrastructure Bill

NASHVILLE, Tenn. — The leader of American Trucking Associations during his annual state-of-the-industry address praised truck drivers’ essential role in ensuring the movement of goods across the nation as the transportation industry grapples with supply chain bottlenecks at the ports that are making national headlines.

Eugene Mulero | Senior Reporter
October 25, 2021
Business, Safety

Mudslides Close California Highways After Record Rain

Sacramento, Calif., had its rainiest day in history and downpours made the record books in San Francisco as a powerful Pacific storm ripped across the West, spilling rocks onto highways, toppling trees and leaving thousands without power.

Brian K. Sullivan | Bloomberg News
October 25, 2021
Government, Business, Technology, Equipment, Safety, Autonomous

NTSB Wants Tesla to Limit Where Autopilot Can Operate

DETROIT — The head of the U.S. National Transportation Safety Board is calling on Tesla to act on recommendations to limit where its Autopilot driver-assist system can operate and to put a system in place to make sure drivers are paying attention.

Tom Krisher | Associated Press
October 25, 2021
Business, Technology, Safety

Hertz Orders 100,000 Teslas in Rental Market Shake-Up

Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet, according to people with knowledge of the matter.

Erik Schatzker | Bloomberg News
October 25, 2021
Business

Video: MCE Day 2 Recap

Transport Topics Executive Editor Joe Howard recaps events of Sunday, Oct. 24, 2021, at American Trucking Associations' Management Conference & Exhibition.

October 25, 2021
Business, Technology, Equipment, Fuel

Rivian Sees Deeper Loss on Higher Production Costs for Debut EV

Rivian Automotive Inc., the Amazon.com Inc.-backed electric-pickup maker that is seeking to go public, expects to record a quarterly net loss of up to $1.28 billion due to costs associated with the start of production of its debut truck.

Yueqi Yang | Bloomberg News
October 25, 2021
Government, Business, Safety

Biden-Manchin Meeting Makes ‘Progress’ in Bid to Break Deadlock

The White House said President Joe Biden made progress on his big tax-and-spending plan in a meeting with key moderate Sen. Joe Manchin and Majority Leader Chuck Schumer, though further talks among staffers will be needed.

October 25, 2021
Business, Technology, Equipment, Fuel, Autonomous

Volvo Trucks Outlines Next Steps Toward Carbon-Free Transport Vision

NASHVILLE, Tenn. — Volvo Trucks is ramping up sales and deliveries of battery-electric trucks while also reducing carbon emissions within its own facilities and supply chain in North America as part of its global efforts to improve environmental sustainability.

Seth Clevenger | Managing Editor, Features and Multimedia
October 24, 2021
Business, Technology, Equipment, Fuel

Specialty Trucks, Medium-Duty Poised to Propel EV Growth, Experts Say

NASHVILLE, Tenn. — There are a variety of specialty and medium-duty applications that can propel deployment of electric trucks in commercial settings, experts said during an Oct. 24 panel discussion at American Trucking Associations’ Management Conference & Exhibition.

Connor D. Wolf | Staff Reporter
October 24, 2021