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

Truck Maker Hyzon Raises Funds for Working Capital

Hyzon Motors is set to bolster its working capital through an equity sale, the latest move in the hydrogen fuel cell-powered truck maker’s ongoing restructuring, it said July 19.

Keiron Greenhalgh | Staff Reporter
July 19, 2024
Government, Business, Technology, Fuel

Clean Fuels Alliance America to Sue EPA

Clean Fuels Alliance America told the EPA that it will sue over the agency’s delay in establishing 2026 biofuel volumes in its Renewable Fuel Standard program.

Noël Fletcher | Staff Reporter
July 19, 2024
Government, Business, Logistics

Minnesota Lawmakers Take Steps to Expand CDL Testing

New and current Minnesota truck drivers will have an easier time obtaining and renewing CDLs now that a state law that constrained third-party CDL testing opportunities has been eliminated.

Noël Fletcher | Staff Reporter
July 19, 2024
Business

60 Seconds: Federal Regulators Hear Complaints About Predatory Towing

Truckers say they are victims of overly excessive fees. Towers claim they often go unpaid. 

July 19, 2024
Business, Technology, Fuel, TCA

Mercedes-Benz to Install EV Chargers at 100 Starbucks

Starbucks and Mercedes-Benz announced a partnership July 17 to install high-power electric vehicle chargers at 100 Starbucks stores across the U.S. 

Zachary Hansen | The Atlanta Journal-Constitution
July 19, 2024
Government, Business, Technology

FedEx, UPS Warn of Delivery Delays From Global Tech Outage

FedEx and UPS warned of potential delays in package deliveries as the couriers grapple with the impact of a massive IT failure that is upending markets and crippling companies globally.

Cailley LaPara | Bloomberg News
July 19, 2024
Government, Business, Technology, Safety

Stellantis Reports Battery Fire Risk for Hybrid Minivans

AUBURN HILLS, Mich. — Stellantis is telling the owners of more than 24,000 plug-in hybrid minivans to park them outdoors, and to stop charging them due to the possibility of battery fires.

July 19, 2024
Business, Equipment

Class 8 Sales Continue Trending Below Year-Ago Period

U.S. Class 8 retail sales in June experienced their 11th consecutive month of year-over-year declines, according to data from Wards Intelligence.

Connor D. Wolf | Staff Reporter
July 19, 2024
Business, Equipment

Volvo Q2 Profits Jump on Price, Margin Increases

Volvo Group profits jumped year on year in the second quarter of 2024 on the back of truck price increases and improved margins for construction equipment plus marine and industrial engines.

Keiron Greenhalgh | Staff Reporter
July 18, 2024
Government, Business, Logistics

Long Beach Port Breaks Ground on $1.5B Rail Yard Expansion

Transportation Secretary Pete Buttigieg and other officials visited the Port of Long Beach on July 18 to break ground on a $1.5 billion rail yard expansion project.

Jaimie Ding | Los Angeles Times
July 18, 2024