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.

BusinessEquipment

Several States Targeted Predatory Towing in 2024

New laws to curb predatory towing practices were passed in five states in 2024, aiming to curtail abusive financial practices targeting ordinary motorists and commercial drivers alike.

December 19, 2024
GovernmentBusinessTechnologyEquipmentSafety

Trucking Grapples With Economy, Lawsuits, EV Rules in 2024

In 2024, trucking navigated infrastructure investments and lingering economic challenges. Pressing concerns were truck parking shortages, legal battles and nuclear jury verdicts.

December 19, 2024
GovernmentBusinessTechnologyFuel

Rivian Quietly Paves Way for UAW Workforce Once Profitable

Under Rivian and the UAW’s confidential pact, the automaker would adopt a neutral stance toward efforts to organize workers at its Illinois factory where its vehicles are made.

December 19, 2024
GovernmentBusiness

Trump, Musk Reject Johnson’s Plan to Avert Shutdown

The drama left Johnson huddling with allies in his Capitol office to come up with a Plan B that would keep the government financed and avoid the political pain of a shutdown come Dec. 21.

December 19, 2024
BusinessLogistics

Bustling California Ports to Close 2024 With Record Volumes

The Port of Los Angeles is set for its busiest December on record, and the Port of Long Beach is on track to have its best-ever year after the hubs handled an early and sustained peak season.

December 18, 2024
BusinessTechnologyFuel

Volkswagen Purchases Stake in Lithium Firm for $48 Million

Volkswagen Group will spend C$69 million ($48.1 million) on a 9.9% stake in lithium miner Patriot Battery Metals to secure raw materials for electric vehicles.

December 18, 2024
GovernmentBusinessSafety

NHTSA Retreats From Massive ARC Air Bag Recall

DETROIT — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after auto industry comments.

December 18, 2024
GovernmentBusiness

Federal Reserve Cuts Its Key Rate by a Quarter-Point

WASHINGTON — The Federal Reserve cut its key interest rate Dec. 18 by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

December 18, 2024
BusinessTechnologyEquipmentFuel

China's CATL Plans Expansion of Battery Swapping for EVs

XIAMEN, China — The world’s largest maker of batteries for electric vehicles said Dec. 18 it will get into battery swapping in China in a big way starting next year.

December 18, 2024
Business

Ryder Promotes Diez to Chief Operating Officer

Ryder System promoted Chief Financial Officer John Diez to president and chief operating officer effective Jan. 1, the Miami-based company said.

December 18, 2024