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, Safety

Boeing CEO Dave Calhoun to Step Down This Year

Boeing CEO Dave Calhoun will step down from the embattled plane maker at the end of the year after a series of mishaps at one of America’s most storied manufacturers.

March 25, 2024
Business, Technology, Safety, Fuel, Autonomous, TCA

VW to Test Driverless ID Buzz Van With Passengers on Board

HANOVER, Germany — Volkswagen Commercial Vehicles is to test its self-driving ID Buzz AD electric van for the first time under realistic conditions and with passengers on board.

March 22, 2024
Business, Technology, Fuel, TCA

Lincoln Focuses on Digital Technology Over Electrification

PALM SPRINGS, Calif. — While other small, premium brands have rushed toward high-tech, all-electric drivetrains, Lincoln is taking a different road.

March 22, 2024
Business, Technology, Fuel

Air Taxi Firm Joby Sees Service Starting in Dubai Before US

Joby Aviation Inc. expects to launch its flying taxi service in Dubai before anywhere else, including the startup’s home turf in the U.S.

March 22, 2024
Government, Business, Fuel

Exxon Confident Its Intent With Guyana Contract Will Prevail

Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.

March 22, 2024
Business, Technology

60 Seconds: Demand for Electric Power Takeoff Systems Is Growing

An ePTO will run “anything that goes on with the truck’s ignition key except the engine,” says Viatec Inc. CEO Mark Ferri, such as lights, air conditioning, powered accessories (like windows and seats), computers, hand tool chargers and communications equipment. 

March 22, 2024
Business, Equipment

Stellantis to Cut 400 Jobs in US

Stellantis NV is cutting about 400 white-collar jobs in the U.S. as the maker of Jeep and Ram vehicles works to shift its product lineup toward electric cars.

March 22, 2024
Government, Business

Congress Approves $1.2 Trillion Package of Spending Bills

WASHINGTON — Congress approved a $1.2 trillion package of spending bills early on March 23 just a few hours after funding for some key federal agencies was set to expire.

March 22, 2024
Business, Logistics, For-Hire

Amazon Delivery Rival Pandion Secures Funding for Expansion

E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon’s delivery — has secured $41.5 million in fresh funds to expand its operation.

March 22, 2024
Business, For-Hire

FedEx Plans $5 Billion Buyback of Shares

FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.

March 21, 2024