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, Logistics, Global Freight

Maersk Warns of Shipping Delays Due to Extreme Weather

A.P. Moller-Maersk A/S warned extreme weather conditions and a storm surge lashing the South African coast are expected to cause shipping delays.

Paul Burkhardt | Bloomberg News
July 8, 2024
Business, Safety

Sweet 15: XPO’s Sweeney Bound for NTDC Again

WINDSOR LOCKS, Conn. — XPO tank truck driver Richard Sweeney reigned over a deep field to win the Massachusetts trucking championships in early June and advance to his 15th NTDC.

Eugene Mulero | Senior Reporter
July 3, 2024
Government, Business, Safety

Idaho Offers Alerts to Carriers of Driver Record Changes

The Idaho Transportation Department is offering motor carriers an online service that issues alerts about driving license changes, such as expiration dates for CDLs.

Noël Fletcher | Staff Reporter
July 3, 2024
Business, Equipment

Maintenance Costs Fell in Q1, Report From Decisiv, TMC Finds

The trucking industry saw combined parts and labor costs continue to trend downward during the first quarter, ATA's Technology & Maintenance Council and Decisiv revealed July 3 in a report.

Connor D. Wolf | Staff Reporter
July 3, 2024
Government, Business, Technology

GM to Forfeit Emissions Credits in Settlement With EPA

General Motors has agreed to settle allegations that nearly 6 million of its pickups and sport utility vehicles released more emissions than the company reported.

July 3, 2024
Business, Technology, Equipment

Ford F-Series Pickup Sales Fall

Ford Motor Co.’s F-Series pickup truck sales dropped in the second quarter as the automaker slowly rolls out a redesign of its top-selling model to avoid quality problems and recalls.

Keith Naughton | Bloomberg News
July 3, 2024
Government, Business, Safety, Logistics

Houthi Threat Triggers Surge in Pirate Attacks Off Somalia

Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups growing in both number and force, a European naval commander said.

Simon Marks | Bloomberg News
July 3, 2024
Business, Equipment, Fuel, Logistics

ATRI Report: Cost of Operating a Truck Up 6.6% in 2023

The total marginal cost of operating a truck in 2023 rose to a record $2.270 per mile despite fuel costs that fell by 8.8 cents per mile, the American Transportation Research Institute said.

Eric Miller | Senior Reporter
July 3, 2024
Government, Business

US Trade Deficit Widens to Largest Since 2022

The U.S. trade deficit widened in May to the largest since 2022 as a decline in exports of merchandise exceeded a drop in imports.

Mark Niquette | Bloomberg News
July 3, 2024
Business, Equipment

Default Risks Rising for Truck Parts Maker Accuride

Commercial truck parts maker Accuride is burning cash in the wake of pricing actions and weaker-than-expected demand, according to S&P Global Ratings.

Jill R. Shah | Bloomberg News
July 3, 2024