Trucking Business News

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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.

GovernmentBusinessTechnologySafetyAutonomousTCA

Cruise Admits to Falsifying Report Over 2023 Crash

Autonomous vehicle maker Cruise has admitted to a federal charge and agreed to pay a $500,000 fine in connection with a crash last year involving one of its vehicles that left a person injured.

November 15, 2024
BusinessTechnologyAutonomous

Driverless Tech Firm Pony.ai Seeks Up to $195 Million in IPO

Pony.ai Inc. is looking to raise as much as $195 million from its U.S. initial public offering as automotive-related companies lead a modest pickup in Chinese listings.

November 15, 2024
GovernmentBusinessSafety

Biden Races to Get Out Infrastructure Spending

Biden administration officials hope that projects funded under the $1 trillion infrastructure law and $375 billion climate law will endure beyond the president's term.

November 15, 2024
GovernmentBusiness

Workers at Canada’s National Postal Service Go on Strike

TORONTO — Workers at Canada’s national postal service are on strike after failing to reach a negotiated agreement with Canada Post.

November 15, 2024
BusinessEquipment

General Motors Lays Off About 1,000 Workers

DETROIT — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.

November 15, 2024
BusinessTechnologyEquipment

Volvo Aims to Raise Share of North American Truck Market

Volvo Trucks is targeting a 25% North American heavy-duty truck market share by 2030, according to executives at the company.

November 15, 2024
GovernmentBusinessFuel

Tesla, Rivian Drop on Report Trump Wants to End EV Credit

U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

November 14, 2024
BusinessLogisticsFor-HireTop 100

Kuehne + Nagel Acquires Majority Stake in IMC Logistics

Kuehne + Nagel, a Switzerland-based global transportation and logistics company, acquired a majority stake in marine drayage provider IMC Logistics, it announced Nov. 14.

November 14, 2024
BusinessTechnologyEquipmentFuel

Truck Maker Nikola Trims 135 Staff in Cost-Cutting Move

Truck maker Nikola recently reduced staffing levels as it seeks to control costs.

November 14, 2024
BusinessTechnology

Samsara-Motive Trade Secrets Litigation Enters New Phase

The ongoing legal battle between rival trucking technology vendors Samsara and Motive has entered a new phase as the former has filed additional litigation.

November 14, 2024