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, Fuel, Perspective

Perspective: The US Needs Lithium Independence

The race for lithium, the lifeblood of modern batteries, is on. Spurred by the adoption of electric vehicles, the use of lithium has extended to the trucking industry.

Denis Phares | CEO, Dragonfly Energy
July 15, 2024
Business

Cleveland-Cliffs to Buy Canada’s Stelco for $2.8 Billion

Cleveland-Cliffs agreed to buy Canadian steelmaker Stelco Holdings for about $2.8 billion, in the company’s first major move after losing out in its bid for U.S. Steel Corp. last year.

Jacob Lorinc | Bloomberg News
July 15, 2024
Business, Technology

Battery Startup Enerpoly Taps Ex-Northvolt Staff

Swedish startup Enerpoly AB has recruited two former Northvolt executives as it seeks to transform the mundane alkaline battery into an affordable option for the energy-storage industry.

Niclas Rolander | Bloomberg News
July 15, 2024
Business, Technology, Equipment

VinFast Delays North Carolina Plant

VinFast Auto Ltd.’s decision to delay its U.S. factory is the latest challenge to its ambition of becoming a global electric vehicle brand and places further pressure on its sales outlook.

July 15, 2024
Business, Technology, Equipment

AutoNation Warns CDK Hack Put a Dent in Quarterly Earnings

AutoNation warned the cyberattack that crippled retailers across the country until early this month cost the company a significant chunk of second-quarter earnings.

Craig Trudell | Bloomberg News
July 15, 2024
Business, Technology, Fuel, Logistics

World’s First Hydrogen-Powered Ferry to Run in San Francisco

SAN FRANCISCO — The world’s first hydrogen-powered commercial passenger ferry will start operating on San Francisco Bay as part of plans to phase out diesel-powered vessels.

Terry Chea | Associated Press
July 15, 2024
Business, Equipment, Fuel, Logistics, Global Freight

Maersk Tankers Bet Billions on Ammonia Fuel Carriers

Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that’s scarcely being produced today, wagering it will become integral to decarbonization.

July 15, 2024
Government, Business, Fuel

Biden Faces Frustration From US Farmers Over Biofuel Policy

President Joe Biden’s re-election campaign has had a tough week. Lingering in the background is a boom he touted for American farmers that hasn’t panned out.

July 12, 2024
Business, Safety

NTDC Spotlight: Roland Bolduc

FedEx driver Roland Bolduc of Connecticut has become synonymous with winning at NTDC. This year in Indianapolis, he's setting his sights on grand championship No. 3.

Eugene Mulero | Senior Reporter
July 12, 2024
Business, Private

Stop & Shop Closing 32 Grocery Stores in US Northeast

Stop & Shop said July 12 that it will close 32 underperforming grocery stores in the Northeast U.S. by the end of the year.

Dee-Ann Durbin | Associated Press
July 12, 2024