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.

BusinessTechnologyEquipment

Lion Electric President Nicolas Brunet Resigns

The president of Canadian electric bus and truck manufacturer Lion Electric Co. resigned as the cash-poor company made a last-ditch attempt to stay afloat.

December 10, 2024
GovernmentBusinessTechnology

China Benefits as Europe’s Big Battery Ambitions Are Failing

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.

December 10, 2024
GovernmentBusinessTechnology

Micron Gets $6.2 Billion Chips Award

The Biden administration has reached a final agreement to give Micron Corp. nearly $6.2 billion in subsidies from a program designed to boost American semiconductor manufacturing.

December 10, 2024
GovernmentBusinessTechnologyFuelTCA

Recycler to Be First US Supplier of Key EV Battery Component

Ascend Elements said it will start to market lithium carbonate, a key component in EV batteries, that it has been able to recycle and refine at its Covington, Ga., facility.

December 10, 2024
BusinessTechnology

Price of EV Battery Packs Falls Most Since 2017

The average price of lithium-ion battery packs has fallen the most in seven years,  a development likely to accelerate price parity between electric vehicles and gasoline-powered cars.

December 10, 2024
GovernmentBusiness

Trudeau Says Canada ‘Will Respond’ if Trump Imposes Tariffs

Prime Minister Justin Trudeau said Canada “will respond†if U.S. President-elect Donald Trump imposes new tariffs on Canadian imports.

December 10, 2024
BusinessTechnology

Stellantis, CATL to Build EV Battery Factory in Spain

BARCELONA, Spain — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Dec. 10.

December 10, 2024
BusinessTechnologyEquipmentLogistics

FreightVana Buys Brokerage Operations of Loadsmith

FreightVana believes the deal will boost its position in the power-only brokerage segment. Loadsmith provides power-only and standard freight brokerage.

December 9, 2024
BusinessEquipment

Continental Launches Longhaul Drive Tire

Continental launched a new longhaul drive tire for the U.S. market.

December 9, 2024
GovernmentBusinessLogistics

RXO Invests $13.7 Million to Expand in North Carolina

North Carolina Gov. Roy Cooper and other state officials announced a $13.7 million expansion by RXO in its Ballantyne operations to add 216 jobs over the coming years.

December 9, 2024