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, Technology, Autonomous, Private, Global Freight

Investors Flee Tumbling EV Upstarts

Investors have all but thrown in the towel on shares of EV startups Rivian Automotive and Lucid Group. 

Esha Day | Bloomberg News
February 26, 2024
Government, Business, Safety, Fuel

Shortage of Oil Tankers at Hand

Warnings from the oil tanker industry that too few of the ships are being built are haunting the market after Houthi attacks on shipping caused widespread diversions in petroleum trades.

Sharon Cho and Alex Longley | Bloomberg News
February 26, 2024
Government, Business

Wisconsin, Indiana Pass Bills Targeting Lawsuit Abuse

Wisconsin and Indiana have passed reform legislation that targets lawsuit abuse against the trucking industry.

Noël Fletcher | Staff Reporter
February 23, 2024
Business, Technology

Flexport Resurrects Convoy Services With New Tech Platform

Flexport launched a new technology platform that offers global shippers access to a trucking capacity marketplace of small carriers and owner-operators, the company announced Feb. 22.

Connor D. Wolf | Staff Reporter
February 23, 2024
Business, Logistics, Global Freight, TCA

Southwest Airlines Ground Workers Reach Deal for Pay Bump

Southwest Airlines has reached a contract with its ramp, operations, provisioning and freight agents that’ll give workers an average pay increase of over 18%.

Alexandra Skores | The Dallas Morning News
February 23, 2024
Government, Business, Logistics, TCA

California’s Inland Empire Warehousing Industry Declining

Southern California's Inland Empire is facing a steep downturn in employment and growth in its once-booming warehousing and logistics industry, brought on by unstable market conditions.

Don Lee and Samantha Masunaga | Los Angeles Times
February 23, 2024
Business, Technology, Safety, Fuel

Wireless Charging for EVs Is Inching Closer to Reality

Multiple startups have spent years working toward a world in which wireless EV charging goes mainstream, and as adoption picks up, momentum is building to make that dream a reality.

Tope Alake | Bloomberg News
February 23, 2024
Business, Logistics, Global Freight

Shipping Giant CMA CGM Posts Loss as Red Sea Conflict Rages

CMA CGM SA posted its first quarterly loss in four years as the shipping industry struggles with the conflict in the Red Sea and the specter of overcapacity.

Tara Patel | Bloomberg News
February 23, 2024
Business, Equipment, Logistics

Recruiting Leaders Say Demand for Truck Drivers Still Strong

NASHVILLE, Tenn. — Most companies attending the Recruitment & Retention Conference say they have held on to their human resource professionals as trucking endures the freight recession.

Dan Ronan | Senior Reporter
February 23, 2024
Government, Business, Technology, Safety, Autonomous

GM’s Cruise Prepares to Resume Robotaxi Testing After Halt

GM’s Cruise autonomous unit is nearing the resumption of testing in the coming weeks, with Houston and Dallas emerging as potential locations, according to people with knowledge of the matter.

Julia Love and David Welch | Bloomberg News
February 23, 2024