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, Safety

Transportation Nominees on Senate’s Radar

With members of Congress back in Washington after the elections, their lame-duck session in the Senate includes consideration of high-profile nominees.

Eugene Mulero | Senior Reporter
November 13, 2024
Government, Business

Inflation Rises Slightly in October to 2.6%

WASHINGTON — Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off.

Christopher Rugaber | Associated Press
November 13, 2024
Government, Business, Logistics

Dockworkers Call Off Talks Again, With Automation at Issue

The U.S. dockworkers union that halted cargo at every major port on the country’s eastern and southern coasts last month has called off talks with their employers over automation.

Laura Curtis | Bloomberg News
November 13, 2024
Business, Logistics, For-Hire, Top 100

TFI Buys Manitoba-Based TL, LTL Carrier Keystone Western

TFI International bought truckload and less-than-truckload carrier Keystone Western for an undisclosed sum, the company said in a LinkedIn post.

Keiron Greenhalgh | Staff Reporter
November 13, 2024
Business, Logistics, Private, Global Freight

Amazon Aims at Temu With Low-Priced Storefront Called Haul

Amazon launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times for rock-bottom prices.

Matt Day | Bloomberg News
November 13, 2024
Government, Business, Technology, Safety

Tesla Recalls Cybertrucks a Sixth Time in Year Since Launch

Tesla recalled the Cybertruck a sixth time since the electric pickup launched a year ago, this time over an issue that could lead drivers to lose propulsion and have to pull over.

Keith Laing | Bloomberg News
November 13, 2024
Business, Technology, Equipment, Fuel

Hyzon Q3 Loss Narrows; Hunt for Funding, Tie-Ups Accelerates

Losses at Hyzon narrowed in the third quarter of 2024, but the hydrogen fuel cell electric truck maker’s cash reserves continue to erode rapidly.

Keiron Greenhalgh | Staff Reporter
November 13, 2024
Government, Business, Technology, Fuel, Logistics

Canadian Grant to Electrify Cargo Docks at Port of Quebec

The grant is from Canada’s Green Shipping Corridor Program, which funds low- and zero-emission shipping ventures along with port and terminal equipment and infrastructure.

Noël Fletcher | Staff Reporter
November 13, 2024
Business, Technology

Northvolt Sells US Battery Plant to California Startup

Northvolt AB, the cash-strapped European battery maker, reached a deal to sell its U.S. factory to a startup that’s trying to reduce America’s reliance on China for batteries.

Gabrielle Coppola | Bloomberg News
November 13, 2024
Government, Business, Fuel

Fuel Groups Warn of Price Hikes Without Tax Credit Certainty

More than 30 trade groups across the energy, farming and transport sectors say a lack of U.S. government guidance on tax credits is putting Americans at risk of higher fuel prices.

November 13, 2024