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

Driving Simulators Help Trucking Companies Recruit New Talent

For CDL trainers and some fleets, truck driving simulators are among the most innovative and realistic ways to teach new drivers.

Hilary Daninhirsch | Special to Transport Topics
September 11, 2024
Business, Logistics

IANA Applauds Outgoing President Joni Casey

LONG BEACH, Calif. — The Intermodal Association of North America kicked off its annual exhibition Sept. 10 by recognizing the accomplishments of outgoing President Joni Casey.

Connor D. Wolf | Staff Reporter
September 11, 2024
Government, Business

Nippon Steel Sends VP to Washington to Rescue US Steel Bid

Nippon Steel has sent a senior executive to Washington to boost its case for the $14.1 billion takeover of United States Steel, according to people familiar with the matter.

September 11, 2024
Government, Business, Logistics, For-Hire, Global Freight

USPS to End Discounts for Consolidators Including UPS, DHL

The U.S. Postal Service said Sept. 11 that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.

David Sharp | Associated Press
September 11, 2024
Government, Business, Technology

Stellantis to Invest $406 Million at Three Factories

DETROIT — Jeep and Ram maker Stellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts.

September 11, 2024
Business, Safety, Logistics

ATRI Finds Truck Drivers Detained on 39% of Deliveries

Driver detention is regularly voted as a top industry issue, ranking fifth highest for drivers in 2023, according to ATRI.

Eric Miller | Senior Reporter
September 11, 2024
Government, Business, Safety

BMW Recalls 1.5 Million Cars Over Braking System

NEW YORK — BMW is lowering sales and earnings targets for the 2024 fiscal year, in a move the German carmaker said was partially triggered by hefty expenses of addressing a braking system recall.

Wyatte Grantham-Philips | Associated Press
September 11, 2024
Business, Equipment

Daimler Truck North America Announces Key Leadership Changes

Daimler Truck North America is making two key leadership changes this month.

September 11, 2024
Government, Business

Inflation Reaches a Three-Year Low

WASHINGTON — The post-pandemic spike in inflation eased last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates.

Christopher Rugaber | Associated Press
September 11, 2024
Business, Equipment

Trailer Demand Prospects Dim Further as FTR Cuts Forecast

Demand and consequently output prospects for U.S. trailer manufacturers continue to dim, said Dan Moyer, FTR Transportation Intelligence senior analyst for commercial vehicles.

Keiron Greenhalgh | Staff Reporter
September 10, 2024