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.

GovernmentBusinessTechnologySafetyAutonomous

NHTSA Capable of Regulating High-Tech Vehicles, Carlson Says

Outgoing NHTSA Administrator Ann Carlson discussed issues surrounding changing technologies, including Tesla's Autopilot, Cruise robotaxis and ARC Automotive's air bag inflators.

January 30, 2024
GovernmentBusinessTechnologyFuel

Truck Makers Launch Zero-Emission Infrastructure Coalition

A coalition of truck manufacturers is launching a joint initiative to work with stakeholders to accelerate construction of charging infrastructure for medium- and heavy-duty ZEVs.

January 30, 2024
BusinessTechnologyAutonomous

GM’s Net Income Rose 12% in 2023 Despite Costly Strike

DETROIT — General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike.

January 30, 2024
BusinessLogisticsFor-HireTop 100

UPS to Cut 12,000 Jobs, Explore Sale of Coyote Amid Weak Q4

UPS Inc. is reducing its overall employee head count by 12,000 workers, which the company says will save more than $1 billion, citing higher labor costs and softening demand.

January 30, 2024
BusinessLogistics

Logistics Startup Flexport Will Trim Hundreds More Jobs

Logistics startup Flexport Inc. plans to lay off hundreds of workers, according to a source — the company’s latest effort to reposition itself during a global shipping industry slowdown.

January 29, 2024
BusinessSafetyLogistics

Port of Baltimore Security Lauded by US Coast Guard

The Port of Baltimore for the 15th straight year has received a top U.S. Coast Guard security assessment for its six state-owned, public marine terminals.

January 29, 2024
BusinessTechnologyFuel

GM, Honda Hydrogen Fuel Cell JV Begins Commercial Production

A joint venture between General Motors and Honda began commercial production Jan. 25 of hydrogen fuel cells in Brownstown, Mich., aimed at the commercial vehicle market.

January 29, 2024
BusinessSafetyFuel

Love’s Travel Stops Previews Expansion Plans for 2024

Love’s Travel Stops is rolling out a planned $1 billion expansion of its truck stop network this year with new and remodeled stores that expand the offerings available to truck drivers.

January 29, 2024
Business

Toyota Union Seeking Higher Wages, Bonus in Negotiations

Toyota Motor Corp.’s workers’ union is seeking a bonus of 7.6 months worth of salary as it prepares for annual compensation negotiations with the Japanese carmaker.

January 29, 2024
BusinessPrivate

Walmart Adds Stock Grants as Perk in Manager-Retainment Push

NEW YORK — Walmart is further sweetening the perks for its U.S. store managers as it seeks to retain its leaders and attract new ones in a still competitive job market.

January 29, 2024