App-based ride-hailing and delivery companies like Uber and Lyft can continue to treat their California drivers as independent contractors, a state appeals court ruled March 13.
March 14, 2023Trucking 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.
Ritchie Shareholders Approve $6 Billion IAA Takeover
Shareholders of heavy equipment auctioneer Ritchie Bros. approved the company’s plan to acquire vehicle-seller IAA Inc., ending a battle to block the $6 billion deal.
March 14, 2023Amazon, Rivian May End EV Van Exclusivity
Electric vehicle manufacturer Rivian and Amazon are in active discussions about ending the exclusivity provision of their delivery van deal, according to multiple media reports.
March 14, 2023Buttigieg, DOT Push Crackdown on Transportation Mergers
Transportation regulators are shifting how they view competition and will ensure airlines, railroads and others serve consumers, according to Secretary Pete Buttigieg.
March 14, 2023Inflation Stays High in February, Complicating Fed’s Plans
WASHINGTON — U.S. consumer price increases eased from January to February but still indicated elevated inflation, posing a challenge for the Federal Reserve's interest rate plans.
March 14, 2023VW Increases Investments in EV, Software Technologies
Volkswagen AG is increasing investments in software and EVs to close the gap to Tesla and halt a decline in China just as the threat of a demand slowdown hangs over the automotive market.
March 14, 2023Tesla Autopilot Doesn’t Live Up to Name, Buttigieg Says
Tesla Inc.’s "Autopilot" name for its trademark driver-assistance system lacks “common sense,” according to Transportation Secretary Pete Buttigieg.
March 14, 2023Tire Sustainability Remains Top Priority for Industry
“End-of-life” tires that can no longer be retreaded are often stored in a drop trailer and taken away to a recycling facility. Tire industry experts say that’s the preferred environmental practice.
March 13, 2023Self-Driving Startup WeRide Files for US IPO, Sources Say
Chinese driverless technology startup Guangzhou WeRide Technology Co. has filed confidentially for an initial public offering in the U.S. and is looking to raise as much as $500 million, according to people familiar with the situation.
March 13, 2023February Class 8 Sales Up 35% to 20,136
U.S. Class 8 retail sales in February jumped 35% from a year ago, and notched a slight increase from the prior month, Wards Intelligence reported.
March 10, 2023Trending
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