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

Stellantis Offers US Employees Buyouts in New Round of Cuts

Stellantis NV will offer voluntary buyouts to U.S. employees as the carmaker looks to cut costs amid slumping profits.

July 30, 2024
Business, Fuel

Toyota First-Half Sales Fall Even as Hybrids Gain in US

Toyota Motor Corp.’s global sales and output fell in the first half with sizable declines in Japan and China canceling out a resurgence of hybrids in North America.

Nicholas Takahashi | Bloomberg News
July 30, 2024
Government, Business, Safety

Delaware Bridge Tolls to Rise 20% on Sept. 1

Tolls on Delaware bridges will increase by 20% for all types of vehicles starting Sept. 1 — the first such increase in 13 years — as the state seeks funding to pay for infrastructure improvements.

Noël Fletcher | Staff Reporter
July 30, 2024
Business, Logistics, Breaking News

Knight-Swift Buys Dependable Highway Express’ LTL Business

Knight-Swift Transportation Holdings on July 30 announced that it is acquiring the less-than-truckload operations of Dependable Highway Express.

Keiron Greenhalgh | Staff Reporter
July 30, 2024
Business, Technology, Safety, Autonomous

Tesla Tester Nearly Crashes While Using ‘Full Self-Driving’

A Truist Securities analyst with a hold rating on Tesla’s stock wrote that he narrowly avoided a crash when he test-drove one of the carmaker’s vehicles and used its driver-assistance system.

Craig Trudell | Bloomberg News
July 30, 2024
Business, For-Hire, Top 100

TFI Eyes Large Truckload, LTL Acquisitions in 2025, 2026

TFI International’s ongoing acquisition spree is set to accelerate in 2025, with substantial truckload and less-than-truckload deals on the horizon, according to CEO Alain Bédard.

Keiron Greenhalgh | Staff Reporter
July 30, 2024
Government, Business, Technology, Safety, Logistics, For-Hire, Private, Global Freight

FAA Clears Drone Companies to Operate in Shared Airspace

The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.

Allyson Versprille | Bloomberg News
July 30, 2024
Government, Business, Safety, Logistics, Private, Global Freight

Amazon Deemed Responsible for Hazardous Third-Party Items

Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by the company, a U.S. government agency ordered July 30.

Haleluya Hadero | Associated Press
July 30, 2024
Government, Business, Logistics

Modernization Set for North Dakota-Canada Border Crossing

The U.S. General Services Administration has approved a two-year, multimillion-dollar modernization effort at a border crossing between North Dakota and Canada.

Noël Fletcher | Staff Reporter
July 30, 2024
Business, Private

ADM’s Profit Shrinks on Crop Market Downturn

Archer-Daniels-Midland Co.’s quarterly profit shrank more than expected as the grain trading giant faces a downturn in crop markets.

July 30, 2024