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, Logistics, Private, Global Freight

Amazon Prime Day Sales Rise 13% in First Six Hours of Event

Amazon’s Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce.

Spencer Soper | Bloomberg News
July 16, 2024
Business, Safety

FedEx Freight’s Willinger Wins Kentucky, Again

With fewer than six weeks before the country’s elite truckers gather for NTDC, FedEx Freight driver John Willinger of Kentucky formally embarks on a path of constant preparation.

Eugene Mulero | Senior Reporter
July 16, 2024
Business, Technology, Equipment

GM CEO Barra Backs Away From 1 Million EV Production Goal

General Motors Co. CEO Mary Barra walked back expectations for her company’s electric vehicle program, the latest such move by a legacy automaker as momentum slows for plug-in models.

David Welch | Bloomberg News
July 16, 2024
Government, Business, Technology, Autonomous

California Awards $27 Million to Container Ports

California’s business and economic development office has awarded $27 million to fund 10 projects at its five container ports to improve data systems and interoperability.

Noël Fletcher | Staff Reporter
July 16, 2024
Business, Technology, Equipment, Fuel

Electric TRUs, Diesel Hybrids Pave Path for Reefer Transport

As its technology advances, the omnipresent transport refrigeration unit remains the workhorse of the refrigerated transportation market with room to grow.

Gary Frantz | Special to Transport Topics
July 15, 2024
Government, Business, Safety, Logistics

Wyoming Gets Tough on Drivers Ignoring Road Closure Signs

A new law in Wyoming is aimed at reducing blow-over crashes of light and high-profile vehicles.

Noël Fletcher | Staff Reporter
July 15, 2024
Government, Business, Safety, Logistics, Global Freight

Two Suspected Houthi Attacks Strike Ships in Red Sea

DUBAI, United Arab Emirates — Two suspected attacks by Yemen’s Houthi rebels targeted ships in the Red Sea on July 15, as a new U.S. aircraft carrier approached the region to provide security.

Michael Wakin | Associated Press
July 15, 2024
Government, Business, Technology, Fuel, Perspective

Perspective: The US Needs Lithium Independence

The race for lithium, the lifeblood of modern batteries, is on. Spurred by the adoption of electric vehicles, the use of lithium has extended to the trucking industry.

Denis Phares | CEO, Dragonfly Energy
July 15, 2024
Business

Cleveland-Cliffs to Buy Canada’s Stelco for $2.8 Billion

Cleveland-Cliffs agreed to buy Canadian steelmaker Stelco Holdings for about $2.8 billion, in the company’s first major move after losing out in its bid for U.S. Steel Corp. last year.

Jacob Lorinc | Bloomberg News
July 15, 2024
Business, Technology

Battery Startup Enerpoly Taps Ex-Northvolt Staff

Swedish startup Enerpoly AB has recruited two former Northvolt executives as it seeks to transform the mundane alkaline battery into an affordable option for the energy-storage industry.

Niclas Rolander | Bloomberg News
July 15, 2024