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, Technology, Logistics, TCA

Twin California Ports Introduce Zero-Emission Locomotive

Weeks after the California Air Resources Board approved a rule to limit rail pollution, the Pacific Harbor Line on May 4 unveiled one of the nation’s most advanced zero-emission locomotives.

Donna Littlejohn | Los Angeles Daily News
May 5, 2023

TT Podcasts: RoadSigns

This special "Inside The List" episode features the Transport Topics 2023 Top 100 largest logistics companies.   

Business, Technology, Equipment, Fuel, Autonomous

Volvo Triples Electric Truck Dealer Network Since Last Year

ANAHEIM, Calif. — As Volvo Trucks continues to roll out battery-electric heavy-duty trucks to fleet customers across North America, the truck maker also is building its support network.

Seth Clevenger | Managing Editor, Features
May 5, 2023
Business, Technology, Equipment

Hyundai Brings Xcient Hydrogen Fuel Cell Truck to US

ANAHEIM, Calif. — Global vehicle manufacturer Hyundai Motor Co. premiered the production version of its Xcient hydrogen fuel cell electric Class 8 truck for the North American market.

Seth Clevenger | Managing Editor, Features
May 5, 2023
Business, Technology, Equipment

Navistar Expands Electric Truck Offerings

ANAHEIM, Calif. — Navistar is expanding its electric truck offerings and inked a partnership with Quanta Services to help fleets implement battery-electric vehicles efficiently.

Seth Clevenger | Managing Editor, Features
May 5, 2023
Business, Technology, Fuel

Lion Electric Introduces New Medium-Duty Truck

ANAHEIM, Calif. — The Lion Electric Co., a manufacturer of all-electric commercial vehicles, announced the launch of its battery-electric Lion5 medium-duty truck at the 2023 Advanced Clean Transportation Expo.

Seth Clevenger | Managing Editor, Features
May 5, 2023
Government, Business

Employers Add 253,000 Jobs in April

WASHINGTON — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates and high inflation.

Paul Wiseman | Associated Press
May 5, 2023
Government, Business, Technology, Fuel

Clean Energy Investments Touted at Commerce Summit

NATIONAL HARBOR, Md. — President Joe Biden cited supply chain achievements and urged foreign investment as the Commerce Department held a networking event that included 70 countries.

Noël Fletcher | Staff Reporter
May 4, 2023
Government, Business, TCA

UAW Demands Support for EV Workers Before Endorsing Biden

New leaders of the United Auto Workers are withholding the union’s endorsement for President Joe Biden’s re-election until he shows support for a “just transition” to electric vehicles, according to a letter sent by newly elected UAW President Shawn Fain.

Kalea Hall and Riley Beggin | The Detroit News
May 4, 2023
Business

TRM Equity Buys Some of National Railway Equipment's Assets

TRM Equity has acquired some of the assets of National Railway Equipment Co., the Southfield, Mich.-based private equity firm said May 2.

May 4, 2023
Business, Logistics, Top 100

Werner Reports Lower Q1 Earnings on Higher Revenue

Werner Enterprises’ revenue increased but earnings declined during the first quarter of 2023, the company reported May 3.

Connor D. Wolf | Staff Reporter
May 4, 2023