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, Safety

Watch: Biden’s ‘Infrastructure Decade’ Becoming More Concrete

From coast to coast, a $1 trillion bipartisan infrastructure package is breathing life into long-awaited transportation projects.

August 7, 2024
Business, Technology, Equipment

Daimler Truck Reports 4% Revenue Decline in Q2

The German truck manufacturer posted a net profit of $860 million, or $1.01 per share, for the three months ending June 30.

Connor D. Wolf | Staff Reporter
August 7, 2024
Business, Technology, Fuel, TCA

Lack of Standard Training for EV Techs Perpetuates Shortage

There’s an aggressive push for more electric vehicle chargers and technicians to work on them, but a problem remains: There’s no nationwide standard for training those technicians.

Allison Wei and Kalea Hall | The Detroit News
August 7, 2024
Business, Equipment

Continental Gains After Car-Parts Returns Turn Positive

Continental AG shares rose after improving returns at its struggling car-parts unit, which the German company may spin off in its biggest-ever restructuring.

Monica Raymunt | Bloomberg News
August 7, 2024
Business, Logistics, Global Freight

Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid

A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said.

August 7, 2024
Business, Technology, Breaking News

Bestpass, Drivewyze Join Forces in Major Acquisition

Bestpass-Fleetworthy Solutions has acquired connected truck and weigh station network operator Drivewyze, the companies announced Aug. 7.

Connor D. Wolf | Staff Reporter
August 7, 2024
Business, Equipment, Fuel

Rivian Holds to Annual Production Goal Unchanged Since 2023

Rivian maintained its full-year vehicle production target and profit-making goal, a sign the electric vehicle maker is filling orders on schedule after retooling its assembly lines.

Kara Carlson and Ed Ludlow | Bloomberg News
August 6, 2024
Business

WK Kellogg to Close Omaha Plant, Downsize in Memphis

WK Kellogg Co. is closing one U.S. cereal plant and downsizing another as part of a plan to consolidate its operations in newer facilities.

Dee-Ann Durbin | Associated Press
August 6, 2024
Government, Business, Logistics

Ice Cream Giant Wells Enterprises Plans $425M New York Expansion

Wells, headquartered in Le Mars, Iowa, produces more than 200 million gallons of ice cream annually and distributes products in all 50 states.

Noël Fletcher | Staff Reporter
August 6, 2024
Business, Technology

Nissan Is Developing ‘Cool Paint’ for Cars

Nissan showed Aug. 6 what it called a “cool paint” to keep people inside vehicles cooler, although the coating is six times thicker, making commercialization still a challenge.

Yuri Kageyama | Associated Press
August 6, 2024