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, Safety, Logistics

Johns Hopkins Team Assessing Nation’s Bridges

BALTIMORE — Researchers at Johns Hopkins University in Baltimore are assessing the country’s bridges to determine the likelihood of a disaster like the one that collapsed the Key Bridge.

Lea Skene | Associated Press
May 30, 2024
Government, Business

Unemployment Rates Up From 2023 in 78% of US Metro Areas

Unemployment rates were higher in more than three-quarters of metropolitan areas in the U.S. last month compared with a year ago.

Alex Tanzi | Bloomberg News
May 29, 2024
Business, Technology, Equipment, Fuel, Autonomous

Hyundai, Plus Team Up on Self-Driving Class 8 FCEV Truck

Hyundai Motor Co. and autonomous driving software specialist Plus unveiled what they say is the first Level 4 autonomous Class 8 hydrogen fuel cell electric truck in the U.S.

Keiron Greenhalgh | Staff Reporter
May 29, 2024
Business, Technology, Equipment, Safety, Logistics

Cargo Thefts Remained Unusually High in First Quarter

The trucking industry struggled through an unusually high number of cargo thefts during the first quarter, according to Verisk Analytics’ CargoNet report.

Connor D. Wolf | Staff Reporter
May 29, 2024
Business, Technology, Equipment, Fuel

Focus on Tire Recycling Renews as BEV Numbers Swell

Retreading is a key instrument in a fleet manager’s cost management toolbox, but what happens after tires reach the end of their life span?

Keiron Greenhalgh | Staff Reporter
May 29, 2024
Business, Equipment, Logistics

Ports Report More Volume Gains for April

U.S. ports continued to see year-over-year container volume increases in April, with the Port of Los Angeles reporting its ninth consecutive month of year-over-year growth.

Connor D. Wolf | Staff Reporter
May 29, 2024
Government, Business, Technology, Fuel

Tax Credit Lures Canada’s Largest Renewable Diesel Venture

Canada’s Alberta province has provided an Agri-Processing Investment Tax Credit to Imperial Oil Ltd. for a C$720 million project to build the nation’s largest renewable diesel facility. 

Noël Fletcher | Staff Reporter
May 29, 2024
Business, Logistics, Global Freight

Some Shipping Container Costs Hit $10,000

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates.

Brendan Murray | Bloomberg News
May 29, 2024
Business, Equipment, Fuel

VTNA Launches Volvo on Demand for Class 8 VNR Electric

Volvo Trucks North America is launching a term-based program that offers fleets a way to sample how a Volvo VNR Electric model would work in their fleets.

Keiron Greenhalgh | Staff Reporter
May 29, 2024
Government, Business, Safety

ATA Critical of Proposed Federal Downgrade of Marijuana

American Trucking Associations has expressed safety concerns over a Drug Enforcement Agency proposal to downgrade the classification of marijuana from Schedule I to Schedule III.

Eric Miller | Senior Reporter
May 29, 2024