Trucking Business News

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, Fuel, TCA

Recycler to Be First US Supplier of Key EV Battery Component

Ascend Elements said it will start to market lithium carbonate, a key component in EV batteries, that it has been able to recycle and refine at its Covington, Ga., facility.

December 10, 2024
Business, Technology

Price of EV Battery Packs Falls Most Since 2017

The average price of lithium-ion battery packs has fallen the most in seven years,  a development likely to accelerate price parity between electric vehicles and gasoline-powered cars.

December 10, 2024
Government, Business

Trudeau Says Canada ‘Will Respond’ if Trump Imposes Tariffs

Prime Minister Justin Trudeau said Canada “will respond” if U.S. President-elect Donald Trump imposes new tariffs on Canadian imports.

December 10, 2024
Business, Technology

Stellantis, CATL to Build EV Battery Factory in Spain

BARCELONA, Spain — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Dec. 10.

December 10, 2024
Business, Technology, Equipment, Logistics

FreightVana Buys Brokerage Operations of Loadsmith

FreightVana believes the deal will boost its position in the power-only brokerage segment. Loadsmith provides power-only and standard freight brokerage.

December 9, 2024
Business, Equipment

Continental Launches Longhaul Drive Tire

Continental launched a new longhaul drive tire for the U.S. market.

December 9, 2024
Government, Business, Logistics

RXO Invests $13.7 Million to Expand in North Carolina

North Carolina Gov. Roy Cooper and other state officials announced a $13.7 million expansion by RXO in its Ballantyne operations to add 216 jobs over the coming years.

December 9, 2024
Business, Logistics

REPLAY: Economic Outlook for 2025 with ATA's Bob Costello

Over the past two and a half years, the trucking industry has persevered through a freight rate recession amid an oversupply of capacity while also navigating supply chain disruptions and uncertainty. When will freight rates rebound, and how much recovery can we expect?

December 9, 2024
Business, Equipment

Former Ram Boss Back at Stellantis After Tavares’ Ouster

Former Stellantis NV executive Tim Kuniskis will rejoin the automaker to run the Ram pickup brand as the company plots a turnaround following the ouster of CEO Carlos Tavares.

December 9, 2024
Business, Equipment, Fuel

Mack Expands EV Certified Dealer Network

Mack Trucks now has 65 electric vehicle certified dealers in North America, it said.

December 9, 2024