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.

GovernmentBusinessTechnologyTCA

Georgia Demands Rivian Secure, Maintain Factory Site

Electric vehicle maker Rivian said it is working to secure and maintain the site of its planned Georgia factory, as well as preparing the land for vertical construction as soon as it can move forward with the $5 billion project.

April 22, 2024
BusinessTechnologyAutonomous

Tesla Cuts the Price of Its ā€˜Full Self Driving’ System

NEW YORK — Tesla knocked roughly a third off the price of its ā€œFull Self Drivingā€ system — which can’t drive itselfĀ  — to $8,000 from $12,000, according to the company website.

April 22, 2024
BusinessSafetyLogistics

Focus Shifts to Removing Debris From Dali’s Deck

BALTIMORE — Salvage crews at the site of a collapsed bridge are turning their focus to the tons of debris sitting atop the Dali, a massive cargo ship that caused a deadly catastrophe in March.

April 19, 2024
BusinessTechnologyFuelTCA

Rivian Cuts 1% of Workforce in Second Round of Layoffs

Electric vehicle upstart Rivian, which recently put on pause plans to build a Georgia factory, said in mid-April it is laying off more workers as it cuts costs to buttress its balance sheet.

April 19, 2024
GovernmentBusiness

Transportation Index Falls, Signaling Risks for Stock Market

Transportation companies that serve as a bellwether for the American economy sent up a smoke signal last week.

April 19, 2024
GovernmentBusinessFuel

EPA Allows Summer Sales of Higher-Ethanol E15 Gasoline

The Biden administration is using emergency powers to authorize widespread sales of higher-ethanol E15 gasoline this summer, following a strategy it employed the previous two years.

April 19, 2024
BusinessTechnologyFuel

Tesla Co-Founder J.B. Straubel Built an EV Battery Colossus

Redwood Materials, started by Tesla co-founder J.B. Straubel, is attempting to create a domestic loop using recycled critical metals for lithium-ion batteries.

April 19, 2024
BusinessTechnology

Waning EV Market Drags Down Chipmakers’ Shares

A waning electric vehicle market is dragging down shares of companies making chips for automobiles, with their limited exposure to AI excluding them from a broader rally.Ā 

April 19, 2024
BusinessEquipment

Geely to Sell $1.32 Billion of Volvo Truck Shares

Shares of truck maker Volvo AB dropped as much as 5.9% in Stockholm on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about $1.3 billion.

April 19, 2024
GovernmentBusinessTechnologySafety

Tesla Recalls 3,900 Cybertrucks to Repair Faulty Pedals

Tesla Inc. recalled 3,878 Cybertruck pickups to rework or replace accelerator pedals that can dislodge and cause the vehicle to unintentionally accelerate, increasing risk of a crash.

April 19, 2024