Trucking Business News

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

US Extends 25% Tax Credit to Chip and Solar Wafers

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects.

October 22, 2024
Business, Logistics, For-Hire, Private, Global Freight

Walmart Challenges Amazon With Prescription Delivery

Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.

October 22, 2024
Business, Equipment

General Motors Posts Q3 Profit of $3 Billion

DETROIT — U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.

October 22, 2024
Government, Business, Logistics

Mail Carriers Reach Tentative Contract With USPS

Some 200,000 mail carriers have reached a tentative contract deal with the U.S. Postal Service that includes backdated pay raises and a promise to provide air-conditioned trucks.

October 22, 2024
Business, Safety, Logistics

Norfolk Southern Tops Third-Quarter Expectations

Norfolk Southern’s streamlined operations delivered strong earnings, even excluding boosts from insurance payouts related to the derailment in East Palestine and the sale of two rail lines.

October 22, 2024
Business, Equipment

Auto Supplier Dana Exploring Sale of Off-Highway Unit

Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.

October 18, 2024
Business, Equipment

Volvo Q3 Profit Falls 28.5% on Market Downturn, Mack Issues

Volvo Group profit fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenue and margin.

October 18, 2024
Government, Business, Technology, Equipment, Safety

BMW Recalls 700,000 Cars in China Over Coolant Pump Issues

Models affected include locally made 3 Series and 5 Series vehicles, as well as several imported X Series SUVs.

October 18, 2024
Government, Business, Technology

Biden Administration Pledges $2B to Reinforce Electric Grid

The funding for 32 projects is being made available through the Energy Department and will span 42 states. Investments will include utilities damaged by hurricanes Helene and Milton.

October 18, 2024
Government, Business, Technology, Safety, Autonomous

Tesla’s Full Self-Driving Under Investigation by NHTSA

NHTSA said Oct. 18 it will assess whether Tesla’s system, also known as FSD, has the ability to detect and appropriately respond to fog and other reduced visibility conditions.

October 18, 2024