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

US Economic Growth for Q2 Is Revised Up to 3% Annual Rate

WASHINGTON — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Aug. 29.

Paul Wiseman | Associated Press
August 29, 2024
Business, Fuel

J.D. Power Cuts 2024 EV Sales Forecast in US by More Than 3%

As mainstream car buyers continue to shun electric vehicles, automotive researcher J.D. Power said Aug. 28 that battery-powered models will account for just 9% of sales in the U.S. this year.

Keith Naughton | Bloomberg News
August 28, 2024
Business, Logistics

July Port Container Volumes Jump Amid Early Holiday Season

U.S. ports are reporting record gains for this time of year with volumes being boosted by school supplies and an earlier-than-normal peak shipping season.

Connor D. Wolf | Staff Reporter
August 28, 2024
Government, Business, Technology, Fuel

CARB’s Biofuel Changes Raise Concern

American agriculture groups are decrying California’s planned 20% cap on U.S.-made canola- and soy-based biodiesel and renewable diesel that could tip the market toward foreign sources.

Noël Fletcher | Staff Reporter
August 28, 2024
Government, Business, Technology, TCA

California Receives $150 Million for EV Charging Ports

U.S. officials awarded California nearly $150 million for the construction of more than 9,200 electric vehicle charging ports in an attempt to make zero-emission cars attractive to drivers.

Colleen Shalby | Los Angeles Times
August 28, 2024
Government, Business, Safety

States Boost CDL Training to Tackle Local Driver Shortages

A handful of states are taking varied approaches to bolster the ranks of commercial truck drivers in the nation.

Noël Fletcher | Staff Reporter
August 28, 2024
Government, Business, Logistics

Train Movements in Canada Close to Normal

Train movements at Canadian National Railway and Canadian Pacific Kansas City are almost back to normal after a short lockout of unionized workers, according to data provider RailState.

Mathieu Dion | Bloomberg News
August 28, 2024
Business, Technology, Autonomous

Polestar Names Ex-Nikola Chief Lohscheller as New CEO

Polestar named Michael Lohscheller its new CEO as the electric vehicle maker seeks to stem deepening losses and fix ongoing operational problems.

Rafaela Lindeberg | Bloomberg News
August 28, 2024
Government, Business, Technology, Safety, Autonomous

Questions Grow About Safety of Tesla’s ‘Full Self-Driving’

Driver experiences and crashes involving Tesla's "Full Self-Driving" system have drawn the attention of federal regulators.

Tom Krisher | Associated Press
August 28, 2024
Government, Business

California Trucking Association Ends AB 5 Legal Fight

The California Trucking Association is ending its yearslong legal battle against the state’s controversial AB 5 worker reclassification law.

Eric Miller | Senior Reporter
August 28, 2024