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.
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.
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.
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.
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.
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.
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.
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, 2024Biden 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, 2024NTDC 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.
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.