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, Safety, Fuel, Autonomous

Lucid Says Air Sedan Will Be First US Car to Use Lidar

Lucid Group Inc. said its debut battery-electric vehicle will be the first production car in the U.S. to include a purpose-built laser sensor, or lidar, enabling a broad range of advanced driver-assistance features.

Ed Ludlow | Bloomberg News
October 12, 2021
Business, Logistics, Top 100

UPS, FedEx, Walmart Hunting for Holiday Staffing

NEW YORK — All employers want for Christmas is some holiday help. But they might not get their wish. Companies like UPS Inc., FedEx Corp. and Walmart Inc. that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they will find all the workers they need.

Joseph Pisani | Associated Press
October 12, 2021
Business, Technology, Equipment, Safety, Breaking News

Class 8 Sales Drop 10.4% in September

U.S. Class 8 retail sales fell 10.4% to 17,131 in September, WardsAuto.com reported.

Roger Gilroy | Senior Reporter
October 12, 2021
Government, Business, Safety

28th Conspirator Convicted in Staged Accidents With Trucks

A New Orleans woman has pleaded guilty for her role in a conspiracy to commit mail fraud in connection with a 2017 staged accident with a tractor-trailer.

Eric Miller | Senior Reporter
October 12, 2021
Business, Equipment, Safety, Fuel

GM Gets LG to Cover $1.9 Billion in Bolt EV Recall Costs

General Motors Co. said it reached an agreement with partner LG Electronics Inc. to recover from the South Korean company $1.9 billion of the $2 billion in costs for a recall of batteries in its Chevrolet Bolt electric vehicle.

David Welch | Bloomberg News
October 12, 2021
Government, Business, Safety

White House Climate Action Plan Includes USDOT

In response to growing concerns associated with severe weather events linked to climate change activity, the U.S. Department of Transportation recently unveiled a comprehensive plan that pursues the administration’s aims for improving infrastructure.

Eugene Mulero | Senior Reporter
October 12, 2021
Business

Rivian Aims to Appeal to Middle Ground

Rivian’s R1T electric pickup, the rig expected to hitch up an $80 billion IPO, is 217 inches long. That makes it almost 15 inches shorter than Ford Motor Co.’s world-beating F-150 and almost 7 inches longer than Ford’s midsized pickup, the Ranger.

Kyle Stock | Bloomberg News
October 12, 2021
Business, Technology, Equipment, Fuel

Stellantis to Turn Turin Factory Into Electric Car Hub

Stellantis NV is seeking to retool its iconic Turin factory into an electric-vehicle hub, moving production of two Maserati luxury models to the Mirafiori plant as part of a decision that will safeguard jobs in the EV shift.

October 12, 2021
Government, Business, Logistics

A $1.7 Trillion Financing Gap Is Making Supply Shortages Worse

The global trade finance gap rose 15% to $1.7 trillion in 2020 as COVID-19 sent shock waves through trade and supply chains, according to a survey conducted by the Asian Development Bank.

Enda Curran | Bloomberg News
October 12, 2021
Business, Technology, Logistics

Loadsmart Adds Executives, Opens New Headquarters

Loadsmart has announced changes to its executive leadership team as well as the opening of a new headquarters in Chicago.

October 12, 2021