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

EVgo Gets $1.1 Billion Loan Commitment From DOE

Electric vehicle charging company EVgo Inc. received a loan guarantee of up to $1.05 billion from the U.S. Department of Energy.

October 3, 2024
Government, Business, Logistics

IANA Appoints Anne Reinke as New President and CEO

Reinke will officially step into the role at the end of the year, succeeding Joni Casey, who is retiring after 27 years of service.

October 3, 2024
Government, Business, Technology, Safety

Tesla Reports Fifth Cybertruck Recall Within Year of Launch

Tesla Inc. notified U.S. auto-safety officials of a fifth recall involving the Cybertruck in the less than a year since the polarizing pickup launched.

October 3, 2024
Business, Logistics, For-Hire, Private

Amazon, Target and Other Retailers Ramp Up Holiday Hiring

Retailers are ramping up hiring for the holiday season, but fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses.

October 3, 2024
Business, Logistics, Global Freight

Deutsche Bahn Approves Logistics Unit Sale to DSV

DSV won approval to buy Deutsche Bahn’s logistics unit for $15.8 billion, overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.

October 3, 2024
Business, Equipment, Safety

FedEx Freight’s Reed to be Honored at MCE

Jackie Reed's NTDC grand championship will be celebrated at American Trucking Associations' Management Conference & Exhibition in Nashville, Tenn., on Oct. 12-15.

October 2, 2024
Government, Business, Safety

Insured Losses From Helene Expected to Reach $6.4 Billion

The assessment includes damage to privately insured automobiles as well as residential, commercial and industrial properties and the impact of business interruption.

October 2, 2024
Government, Business, Logistics

Why Biden Says He Won't Invoke Taft-Hartley in Port Strike

According to the Congressional Research Service, about half the time that presidents have invoked Section 206 of Taft-Hartley, the parties worked out their differences.

October 2, 2024
Business, Technology, Equipment

Freightliner Teases Debut of Fifth Generation Cascadia

Freightliner teased an Oct. 15 unveiling of a revamp of its flagship Class 8 on-highway Cascadia model Oct. 1.

October 2, 2024
Government, Business, Technology, Autonomous

Toyota Boosts Investment in Air Taxi Maker Joby Aviation

Toyota is boosting its investment in air taxi manufacturer Joby Aviation by $500 million to support plans for commercial production, bringing its total investment to $894 million.

October 2, 2024