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.

GovernmentBusinessTechnologyEquipment

EV Tax Credit Rulings Please Some Automakers, Exclude Others

The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.

January 5, 2023
BusinessTechnologyEquipment

Auto Sales Fell 8% in 2022 Amid Supply Chain Struggles

Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade.

January 5, 2023
BusinessLogisticsPrivate

Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts

Amazon.com Inc. is laying off more than 18,000 employees — the biggest reduction in its history — in the latest sign that a tech-industry slump is deepening.

January 5, 2023
GovernmentBusiness

Labor Data Surprises as Job Market Runs Hotter Than Forecast

Data released Jan. 5 reinforced the strength of the labor market, with hiring at U.S. companies far exceeding expectations and applications for jobless benefits falling to a three-month low.

January 5, 2023
GovernmentBusinessSafetyLogisticsTCA

Biden, McConnell Announce $1.4 Billion Brent Spence Bridge Grant

Efforts to improve the Brent Spence Bridge in northern Kentucky took a step forward on Jan. 4 when President Joe Biden announced a nearly $1.4 billion grant toward the Brent Spence Bridge project.

January 4, 2023
BusinessTechnologyEquipmentSafetyAutonomous

Torc Announces Collaboration With Foretellix

°®¶¹´«Ã½, an independent subsidiary of Daimler Truck AG, announced a multiyear strategic collaboration with Foretellix, a provider of verification and validation solutions for automated driving systems, intended to reduce development costs and accelerate time-to-market.

January 4, 2023
GovernmentBusinessTechnology

Secretaries Granholm, Buttigieg to Headline 2023 TRB Conference

Biden administration Cabinet secretaries Pete Buttigieg and Jennifer Granholm are headlining this year’s annual meeting of the Transportation Research Board.

January 4, 2023
BusinessEquipment

Utility Converts Dealer in Michigan

Utility Trailer Manufacturing Co. announced Royal Truck & Utility Trailer, formally Royal Truck & Trailer, is now the full-service Utility dealer for the state of Michigan.

January 4, 2023
BusinessEquipment

Used Class 8 Prices on Edge of Cliff, ACT Reports

The average retail price for a used Class 8 vehicle in November inched higher though sales declined by a few hundred units and mileage rose compared with a year earlier, ACT Research reported.

January 4, 2023
BusinessTechnologyEquipment

China’s CATL Extends Lead as World’s Top EV Battery Maker

Contemporary Amperex Technology Co. Ltd.’s share of the electric vehicle battery market continues to grow, as the Chinese company accounted for 37.1% of global sales in the first 11 months of 2022.

January 4, 2023