Business
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.
Investors Flee Tumbling EV Upstarts
Investors have all but thrown in the towel on shares of EV startups Rivian Automotive and Lucid Group.
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.
Wisconsin, Indiana Pass Bills Targeting Lawsuit Abuse
Wisconsin and Indiana have passed reform legislation that targets lawsuit abuse against the trucking industry.
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.
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%.
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.
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.
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.
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.
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.