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.
GM in Talks to Buy Chinese Batteries Made in US by TDK
General Motors is in discussions to buy EV batteries that would use technology from China’s CATL and be assembled at a new plant slated to be built in the U.S., Bloomberg reports.
September 12, 2024NHTSA Investigates Safety Issue Reported in VinFast Cars
A U.S. regulator has opened a preliminary investigation into some electric vehicles manufactured by Vietnam’s VinFast Auto Ltd. over a safety issue.
FTR: Truckload Spot Rates to Rise 6.5-7% in 2025
FTR Transportation Intelligence expects truckload spot rates to rise 6.5-7% in 2025, Vice President of Trucking Avery Vise said in a presentation.
GM, Hyundai to Explore New Vehicle Joint Development
General Motors is joining forces with South Korea’s Hyundai Motor Co. in a pact that may presage a deeper strategic relationship between the two major automakers to co-develop vehicles.
USPS Debuts New Mail Trucks Made by Oshkosh Defense
ATHENS, Ga. — The first handful of Next Generation Delivery Vehicles that rolled onto postal routes in August are getting rave reviews from letter carriers.
September 12, 2024Norfolk Southern Fires CEO Alan Shaw
Norfolk Southern said Sept. 11 it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate.
Hurricane Francine Nears Louisiana as Category 2 Storm
MORGAN CITY, La. — Hurricane Francine barreled toward Louisiana on Sept. 11, strengthening to a Category 2 storm that could bring deadly storm surge to the U.S. Gulf Coast.
VW Urges EU to Rethink Emissions Targets Amid Job Cuts
Volkswagen Chairman Hans Dieter Pötsch said "politicians have given the industry targets without the necessary infrastructure being available."
DTNA Executive Says Flexibility Is Key for Coming Upturn
“We have a massive chess board,” said DTNA Senior Vice President of Sales and Marketing David Carson, and his company is trying to move pieces around while waiting for freight rates to rise.
DSV Reported to Be in Advanced Talks to Buy DB Schenker
DSV A/S is in advanced talks to acquire Deutsche Bahn AG’s logistics unit DB Schenker in a $15.4 billion deal, people with knowledge of the matter said.