Business

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.

Business, Fuel

VW Brand to Beef Up Hybrid Offerings as EV Shift Stumbles

Volkswagen AG’s namesake brand plans to bolster its offering of plug-in hybrid cars in response to a slowdown in demand for fully electric vehicles.

Monica Raymunt | Bloomberg News
May 8, 2024
Business, Safety, Logistics

Tornadoes Destroy Michigan FedEx Facility but Workers Safe

PAVILION TOWNSHIP, Mich. — Two reported tornadoes struck a Michigan city and the surrounding area May 7, destroying homes and commercial buildings, including a FedEx facility.

May 8, 2024
Business, Technology, Equipment, Fuel, Autonomous

Daimler Unwraps Autonomous, Electric Demonstration Truck

Daimler Truck unveiled plans May 8 to begin operating an autonomous, battery-electric Freightliner eCascadia demonstration truck.

Keiron Greenhalgh | Staff Reporter
May 8, 2024
Business, Logistics

GXO Posts Net Loss, but Revenue Increases to $2.46B in Q1

GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7.

Connor D. Wolf | Staff Reporter
May 8, 2024
Business, Fuel

Rivian Sticks With EV Forecast Despite First-Quarter Loss

Rivian Automotive fell short of Wall Street’s earnings expectations to start the year as the automaker works to revamp its manufacturing operations and boost output of electric vehicles.

Ed Ludlow and Kara Carlson | Bloomberg News
May 7, 2024
Government, Business, Equipment, Safety

New Idaho Law OKs Truck Idling for Resting Drivers

A new Idaho law takes effect July 1 allowing commercial vehicles to idle when drivers are resting inside and also when perishable goods are being delivered.

Noël Fletcher | Staff Reporter
May 7, 2024
Business, Technology, Equipment

Detroit Reman Completes Expansion of Minnesota Facility

An expansion of Detroit Diesel Remanufacturing’s Hibbing, Minn., plant is complete, doubling the facility’s manufacturing and remanufacturing footprint, the division of DTNA said.

Keiron Greenhalgh | Staff Reporter
May 7, 2024
Government, Business, Technology, Safety, Autonomous

NHTSA Seeks Information From Tesla on Autopilot Fix

DETROIT — Federal highway safety officials want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company’s Autopilot system.

Tom Krisher | Associated Press
May 7, 2024
Government, Business, Fuel

Suspicious Chinese Frying Oil Hurting US Biofuels Business

China is flooding the U.S. with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.

May 7, 2024
Business, Technology, Fuel, Logistics

WattEV’s Bakersfield Battery-Electric Charging Depot Opens

WattEV opened a battery-electric charging depot in Bakersfield, Calif., on May 6, its largest yet, the company said.

Keiron Greenhalgh | Staff Reporter
May 7, 2024