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

Industries Fearing a Port Strike Urge Biden to Revive Talks

Dozens of U.S. industry associations urged the White House to help restart talks between East and Gulf coast dockworkers and port operators, saying a strike is the last thing the economy needs.

June 26, 2024
Business, Logistics, For-Hire

FedEx’s Strong Profit Forecast Drives Stock Surge

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

Cailley LaPara | Bloomberg News
June 26, 2024
Business, Technology, Fuel

Rivian to Form EV Venture With $5 Billion From Volkswagen

Volkswagen will invest $5 billion to form a joint venture with electric vehicle maker Rivian Automotive, throwing a lifeline to the startup and giving VW access to Rivian's technology.

June 25, 2024
Business, Technology, Safety, Autonomous

GM Hires CEO Whitten for Troubled Cruise Robotaxi Service

General Motors on June 25 named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise.

Michael Liedtke | Associated Press
June 25, 2024
Government, Business, Equipment

Federal Regulators Hear Complaints About Predatory Towing

Trucking companies and towing service operators each got to air their grievances before federal regulators during a June 21 session on predatory towing practices.

Eric Miller | Senior Reporter
June 25, 2024
Business, Logistics

What's That? Bill of Lading (BOL)

From a high level, a bill of lading is a required document to move a freight shipment. The bill of lading is legally binding and provides the driver and the carrier with all the details needed to process and invoice the freight shipment correctly.

June 25, 2024
Government, Business, Safety

Senators Introduce Anti-Trafficking Bill

Legislation designed to enhance the federal government’s efforts to combat human trafficking was recently introduced in the Senate.

Eugene Mulero | Senior Reporter
June 25, 2024
Business, Technology, Safety

Elevating Truck Safety: The Rise of ADAS Technology

Prioritizing safety is an integral characteristic of the most successful fleets and ADAS technology is at the forefront of modern safety strategies. Jeff Loftus, FMCSA Technology Division Chief, joins TT's Seth Clevenger to discuss the current outlook on ADAS technology and his plans for phase 2 of the TechCelerate Now program. 

June 25, 2024
Government, Business, Safety

Trackside Sensor Didn’t Catch Burning Rail Bearing in Ohio

EAST PALESTINE, Ohio — The NTSB confirmed that a trackside detector failed to detect accurate elevated temperatures in a railcar bearing that was on fire 20 miles away from where it derailed. 

June 25, 2024
Government, Business, Technology, Safety

Tesla Recalls Cybertrucks Twice in One Day

Tesla Inc. is recalling its Cybertruck model again over faulty windshield-wiper components and trim pieces that may come loose while driving.

Craig Trudell | Bloomberg News
June 25, 2024