Business
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.
Cyber Monday Shoppers Expected to Set a Record
Adobe Analytics expects consumers to spend a record $13.2 billion on Dec. 2, 6.1% more than last year. That would make it the season’s — and the year’s — biggest shopping day for e-commerce.
Rising Fuel Taxes to Hit Three States; California Warned
While no specific tax increase is taking effect in California, at least two state lawmakers are raising alarm about a set of regulatory and business circumstances that could send pricing soaring.
US Commits to $7.54B Loan for Stellantis EV Battery Plants
Stellantis and joint venture partner Samsung have won a commitment from the U.S. government for a loan worth up to $7.54 billion to help build two electric vehicle battery plants in Kokomo, Ind.
December 2, 2024Trucking CFOs, Leaders Eye 2025 Recovery With Tight Budgets
Carriers are grappling with a tough freight market, relying on cost-cutting measures, operational efficiency and strategic revenue opportunities to stay ahead.
US Cyber Weekend Sales Rose 9%
Cyber Weekend e-commerce sales grew 9% in the U.S. this year, up from 6% in 2023, according to data from Salesforce.
Canada Tells Trump Its Border Differs From Mexico’s
TORONTO — Canada’s ambassador to the U.S. said Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump to understand that lumping Canada in with Mexico is unfair.
Great Lakes Region Prepares for More Snow
ORCHARD PARK, N.Y. — Parts of the Great Lakes region saw new snow Dec. 2 and faced the prospect of even more this week after U.S. travelers battled harsh weather to get home after Thanksgiving.
December 2, 2024Stellantis CEO Carlos Tavares Steps Down
NEW YORK — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker amid an ongoing struggle with slumping sales.
Nikola Corp. Releases Inaugural Sustainability Impact Report
Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, released their first-ever sustainability impact report. Nikola’s 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress towards Nikola’s sustainability priorities.
December 1, 2024Guide To Boosting Technician Efficiency
The kind of revenue your shop brings in is almost entirely dependent on the efficiency of your techs. Time is, after all, money. Learn some strategies that you can implement to boost your tech efficiency.
December 1, 2024