Transportation 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.
The Battery Supply Chain Is Finally Coming to America
Redwood Materials Inc., the battery recycling company created by Tesla co-founder J.B. Straubel, said it has reached a deal to supply Panasonic with billions of dollars in critical battery components that will be produced in the U.S. for the first time.
November 15, 2022Walmart’s Grocery Gains Power Sales Beat and Stock Jump
Walmart Inc. jumped Nov. 15 after the retail giant reported strong quarterly results and boosted its annual forecast, putting its shares on pace to erase this year’s losses.
November 15, 2022Wholesale Inflation Eased in October for Fourth Straight Slowdown
Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels.
November 15, 2022Diesel Demand Destruction Starting to Look Inevitable, International Agency Says
Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.
November 15, 2022Daimler Reports Strong Q3 Gains Amid Constraints
Daimler Truck Holding AG reported a continued profitable growth path during the third quarter, with rocketing net income and higher revenue despite supply chain constraints and headwinds from raw material and energy prices.
November 15, 2022Hutcheson Cites History of Commitment to Gender Equality
DALLAS — The head of the Federal Motor Carrier Safety Administration told a conference hosted by a women’s trucking organization that she has been striving to elevate the vital role women play in the industry throughout her career.
November 15, 2022Daseke Founder Sells Shares Amid Board Retirement
Daseke Inc. founder Don Daseke will sell his holdings in the company and step down from its board of directors, the company announced Nov. 14.
November 15, 2022PrePass Urges Caution on CMV Electronic Identifier System
A new PrePass Safety Alliance white paper claims that a proposal to require that trucks have a unique electronic identifier system would not necessarily improve highway safety, and could allow inspectors to monitor the condition of commercial motor vehicles while they are in motion.
November 15, 2022FedEx Freight Unit Furloughs Workers as Cargo Demand Slows
FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
November 14, 2022