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, Autonomous, TCA

Autonomous Trucks Take Off Rapidly in China’s Commercial Operations

BEIJING — Driverless trucks will help revamp the logistics and industrial sector in China, as autonomous driving technologies have taken off in the country amid the COVID-19 pandemic.

Beijing China Daily | Asia News Network
October 5, 2021
Business, Logistics

Container Crisis Gets So Bad, Coca-Cola Switches to Bulk Freight

The cost of shipping stuff in containers has gotten so out of hand that Coca-Cola Co. is switching its cargoes to vessels that are normally only used by industrial commodity traders to help keep its business running.

Alex Longley | Bloomberg News
October 5, 2021
Business, Technology, Equipment

September Class 8 Orders Decline

North American Class 8 orders in September dropped 11.8% compared with a year earlier, ACT Research reported, as truck makers struggled to match pent-up demand amid a badly out-of-kilter supply chain and a production schedule that continues to defy typical certainty.

Roger Gilroy | Senior Reporter
October 5, 2021
Business, Fuel

California’s Offshore Industry Under Fire After Oil Spill

California's worst oil spill in almost 30 years has drawn fresh scrutiny of aging offshore oil and gas infrastructure around the world, built decades ago back before fracking, horizontal drilling and shale made ocean drilling less economic.

October 5, 2021
Business, Technology, Fuel, Autonomous

LG Energy Strikes Battery-Metal Deal With Sigma Lithium

LG Energy Solution, one of the world’s top electric-vehicle battery makers, has struck a supply deal with Sigma Lithium Corp. as demand for the metal soars.

Esteban Duarte | Bloomberg News
October 5, 2021
Business, Technology, Safety

Volvo Recalls 460,000 Cars After Air Bag-Rupture Fatality

Volvo Car AB is recalling more than 460,000 vehicles worldwide over risk an air-bag component that has bedeviled automakers for years could rupture into metal fragments and strike drivers.

October 5, 2021
Business, Perspective

Perspective: How to Retain Drivers in a Tight Field

You’ve built the best team of drivers of your career. But competitors keep trying to lure them away. So, how are you going to keep that great team of drivers intact?

Adam Kahn | President, Commercial Fleet Team, Netradyne
October 5, 2021
Government, Business

Trade Deficit Hits Record $73.3 Billion in August

WASHINGTON — The U.S. trade deficit increased to a record $73.3 billion in August as a small gain in exports was swamped by a much larger increase in imports.

Martin Crutsinger | Associated Press
October 5, 2021
Business, Fuel, Logistics

Shipping Industry Group Aims for Net-Zero Emissions by 2050

BERLIN — The International Maritime Organization said Oct. 5 that its members will aim for “net-zero” carbon emissions by 2050, following a commitment to the same goal by the world’s airline industry a day earlier.

October 5, 2021
Business, Technology, Equipment, Autonomous

Many Tesla Short Sellers Are Giving Up

Tesla Inc. is inflicting more pain on short sellers, and many of them are giving up.

October 4, 2021