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

Carrier Uses Arkansas Grant for Electric Yard Truck

An Arkansas state environmental grant for $166,023 has helped truckload carrier Continental Express modernize its operations with an all-electric spotter truck at a Nestlé USA plant.

Noël Fletcher | Staff Reporter
February 27, 2024
Government, Business, Logistics

Port of L.A. Updates From Gene Seroka

Port of Los Angeles Executive Director Gene Seroka talks with TT's Dan Ronan about growth at the port and challenges in early 2024 following the successful completion of a labor agreement in 2023. 

February 27, 2024
Government, Business, Technology, Fuel, TCA

Gas Vehicles Currently Cheaper to Fuel Than EVs

With gasoline prices dropping, a new study suggests gas-powered vehicles may be more economical to fuel up versus an equivalent electric vehicle.

Breana Noble | The Detroit News
February 27, 2024
Government, Business

Factory Orders Tick Up in January

Orders placed with factories for business equipment barely rose in January after falling the prior month, suggesting firms are restraining their investment amid an uncertain outlook.

Augusta Saraiva | Bloomberg News
February 27, 2024
Government, Business, Logistics, Global Freight

Norfolk Southern Urges Shareholders to Reject Takeover Plan

OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.

Josh Funk | Associated Press
February 27, 2024
Government, Business, Fuel

National Average Diesel Price Falls 5.1¢ to $4.058 a Gallon

The national average for a gallon of diesel fell by 5.1 cents the week ending Feb. 26, the largest drop this year, according to data released by the Energy Information Administration.

Dan Ronan | Senior Reporter
February 26, 2024
Business, Equipment, Logistics

Covenant’s Duncan Named Recruiter of the Year

NASHVILLE, Tenn. — Matthew Duncan of Covenant Logistics was named the 2023 Transport Topics Recruiting Professional of the Year at Conversion Interactive Agency's annual event.

Dan Ronan | Senior Reporter
February 26, 2024
Government, Business, Private

FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal

The Federal Trade Commission, eight states and Washington, D.C., sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. on Feb. 26.

Leah Nylen and Jaewon Kang | Bloomberg News
February 26, 2024
Business, Technology, Equipment, TCA

Ford Pauses F-150 Lightning Shipments

Ford Motor Co. has paused shipments of the 2024 F-150 Lightning pickup truck as part of a longer-than-expected quality check process.

Breana Noble | The Detroit News
February 26, 2024
Government, Business, Logistics, Global Freight, TCA

Port of Baltimore Hit Cargo Record Last Year

The Port of Baltimore hit records for handling cargo last year, state officials said, showing a rebound from global supply chain difficulties and disruptions during the pandemic.

Lorraine Mirabella | The Baltimore Sun
February 26, 2024