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.

Business, Technology, Equipment, Fuel

Eaton, BAE Systems Partner on E-Powertrain Offerings

MARSHALL, Mich. — Eaton and BAE Systems, through an expanded partnership, provided a demonstration of their powertrains and charging solutions for medium-duty electric vehicles.

Amanda Smith-Teutsch | Special to Transport Topics
June 17, 2024
Business, Equipment, Logistics, Perspective

Perspective: How Refrigerated Trucking Delivers for Summer

During the summer, consumers purchase more produce and fresh blooms. Behind the scenes, the logistics industry takes certain steps for transporting these goods safely and efficiently.

James Holloway | Director of Logistics, Werner Enterprises
June 17, 2024
Business, Safety, Logistics, TCA

CSX Plans Infrastructure Work at Maryland Yard

CUMBERLAND, Md. — Infrastructure improvements at CSX’s Cumberland yard will increase capacity and allow railcars that previously couldn’t move through the yard to do so, the company said.

June 17, 2024
Business, Technology, Fuel

The $25,000 Electric Car Is Coming to US Soon

With signs of slowing growth in the premium EV market, manufacturers have been working on a pivot from luxury to practicality. The $25,000 economy electric car is the industry’s new target.

Tom Randall | Bloomberg News
June 17, 2024
Business, Technology, Equipment, Safety

Tesla Cybertruck Deliveries Delayed Over Wipers

Tesla Inc. has halted Cybertruck deliveries because of a problem with its windshield wiper, Electrek reported.

Lin Cheng | Bloomberg News
June 17, 2024
Government, Business, Fuel

IEA: China’s Binge on US Fuel Is Biggest Oil Demand Driver

Chinese purchases of a relatively niche type of fuel from the U.S. have been the single biggest contributor to global oil demand growth in recent years, the International Energy Agency said.

Alex Longley | Bloomberg News
June 14, 2024
Government, Business, Safety, Logistics

NTSB to Approve East Palestine Report June 25

WASHINGTON — This month, the National Transportation Safety Board is scheduled to approve its investigative findings about a freight train derailment​ last year in East Palestine, Ohio.

Eugene Mulero | Senior Reporter
June 14, 2024
Government, Business, Technology, Safety, Autonomous

Tesla Driver Tells Police He Was Using ‘Self-Drive’ in Crash

DETROIT — A Tesla apparently operating on one of the company’s automated driving systems crashed into a parked police vehicle June 13 near Los Angeles.

Tom Krisher | Associated Press
June 14, 2024
Business, Logistics

Panama Canal Averts Shipping Crisis With Its Water Plan

The Panama Canal has managed to ward off a shipping crisis that threatened to upend $270 billion a year in global trade. It did so with careful water management — and a little bit of luck.

June 14, 2024
Business, Logistics

World Container Shipping Rates Keep Rising

Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas.

Brendan Murray | Bloomberg News
June 14, 2024