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.

Government, Business, Logistics

House Passes Biennial Water Resources Development Act

A bill to promote the efficiency of commercial waterway infrastructure projects and supply chain connectivity was easily passed by the U.S. House of Representatives on July 22.

Eugene Mulero | Senior Reporter
July 23, 2024
Business, Logistics, For-Hire

Urban Delivery Hubs Present Solutions to Final-Mile Shipping

An evolving concept to address the issue of final-mile delivery is the urban delivery hub.

Dan Calabrese | Special to Transport Topics
July 23, 2024
Business, Logistics, Breaking News

ATA Reports Dip in Truck Tonnage for June

The trucking industry continued the trend of year-over-year tonnage losses in June after a brief increase the prior month, American Trucking Associations reported July 23.

Connor D. Wolf | Staff Reporter
July 23, 2024
Business, Technology, Equipment

EV Output Is 45% Below Carmakers’ Expectations, Supplier Says

Carmakers are faced with significant overcapacity to make EVs because of softening demand with many turning back to development plans for combustion-engine cars, OPmobility SE reports.

Albertina Torsoli | Bloomberg News
July 23, 2024
Business, Technology, Equipment

GM Delays Electric Pickup Plant Second Time

General Motors will again push back the planned opening of an electric pickup truck plant in suburban Detroit and has delayed a Buick plug-in amid uncertain growth in battery-powered car sales.

David Welch | Bloomberg News
July 23, 2024
Business, Equipment

General Motors Profit Rises 15% in Q2

DETROIT — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.

Tom Krisher | Associated Press
July 23, 2024
Business, For-Hire

UPS Boosts Volume in US for First Time Since 2022

UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge.

Michelle Chapman | Associated Press
July 23, 2024
Government, Business, For-Hire

XPO Launches Cross-Border Expansion Into Mexico

XPO launched a new service aimed at expanding its cross-border services between the U.S. and Mexico, the company announced July 17.

Connor D. Wolf | Staff Reporter
July 22, 2024
Business, Equipment

Task Force Continues to Examine Truck Purchase Agreements

Members of a specially appointed Truck Leasing Task Force recently concluded that many lease-purchase agreements don't give owner-operators a realistic chance to own their trucks.

Eric Miller | Senior Reporter
July 22, 2024
Business, Technology, Logistics, Autonomous

C.H. Robinson Launches AI-Leveraged Load-Matching Platform

C.H. Robinson Worldwide Inc. launched a new load-matching platform aimed at helping carriers improve efficiency, the company announced July 18.

Connor D. Wolf | Staff Reporter
July 22, 2024