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

Houthis Threaten to Try to Attack Ships in Mediterranean Sea

The Houthi group based in Yemen threatened to start trying to attack ships in the eastern Mediterranean as it steps up a campaign of anti-Israeli assaults.

Mohammed Hatem | Bloomberg News
May 3, 2024
Government, Business, Technology

EV Makers Win 2-Year Extension to Qualify for US Tax Credits

The Biden administration gave carmakers a partial reprieve in finalizing EV tax credit rules intended to loosen China’s grip on battery materials crucial to the car industry’s future.

Keith Laing | Bloomberg News
May 3, 2024
Business, Fuel

World’s Most Important Oil Price Transformed

After years of skepticism, criticism and trader furore, the world’s most important oil price is working better than ever thanks to an infusion of crude from west Texas.

May 3, 2024
Business, Technology, Equipment, Safety

Safety Practices, Culture Help Carriers Reduce Liability

PHOENIX — When a crash happens, it is a carrier’s policies, procedures and routines that could lead to a nuclear verdict.

Mindy Long | Special to Transport Topics
May 2, 2024
Business, Technology, Autonomous

Automation and New Vehicle Technology Bring New Challenges

PHOENIX — The amount of safety technology available to fleets has exploded over the past 20 years, creating a new intersection of safety, technology and regulation.

Mindy Long | Special to Transport Topics
May 2, 2024
Government, Business, Fuel

Rivian Secures $827 Million in Funding to Expand in Illinois

Rivian Automotive will receive incentives valued at $827 million from Illinois to expand its electric vehicle plant there after the company halted work on a separate facility in Georgia.

Ed Ludlow and Isis Almeida | Bloomberg News
May 2, 2024
Business, Logistics, For-Hire

Schneider Reports Revenue Decline of 8% to $1.32B for Q1

Schneider experienced a year-over-year decline in revenue to $1.32 billion during the first quarter of 2024, the company reported May 2.

Connor D. Wolf | Staff Reporter
May 2, 2024
Business, Technology, Equipment, Safety

Technology Tools Help Carriers Reduce Risk, Improve Safety

PHOENIX — More actionable data, onboard safety technology and new equipment are helping carriers focus their safety efforts, customize coaching and reduce the risk of a crash.

Mindy Long | Special to Transport Topics
May 2, 2024
Government, Business, Equipment

New Mississippi Law Targets Predatory Towers

Mississippi lawmakers dealt a blow to predatory towing companies that target heavy trucks with a new law that will take effect July 1.

Noël Fletcher | Staff Reporter
May 2, 2024
Business, Logistics, Global Freight

Maersk Sees Improved Prospects for Global Container Trade

A.P. Moller-Maersk A/S, a bellwether for global trade, said a strong start to the year has improved the outlook for container trade demand worldwide.

May 2, 2024