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, 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
Business, Technology, Equipment

Scania Ramps Up E-Truck Output

Swedish truck maker Scania is ramping up production of electric rigs now that previously delayed batteries from Northvolt AB have begun arriving in greater numbers at its factory in Sodertalje.

Rafaela Lindeberg | Bloomberg News
June 14, 2024
Government, Business, Technology

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package

DETROIT — Tesla shareholders voted to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year.

Tom Krisher and David Hamilton | Associated Press
June 14, 2024
Government, Business, Fuel

Senators Ramp Up EV Pushback

Republicans in the Senate are taking aim at the Biden administration’s promotion of EVs, and Democrats are calling out the administration for a lack of progress on charging infrastructure.

Eugene Mulero | Senior Reporter
June 13, 2024
Government, Business, Equipment, Fuel

Washington State’s Adoption of CARB Rules Upheld by Judge

A Washington judge has tossed out an effort by two Republican lawmakers to prevent the state from adopting California’s zero-emission regulations without legislative approval.

Noël Fletcher | Staff Reporter
June 13, 2024
Business

Elevating Customer Service in the Supply Chain

Program Aired: June 13, 2 p.m. ET Find out how modern customer service solutions can upgrade your business' operations. Donna Kintop, Head of Customer Care at DDC FPO, joins Transport Topics' Seth Clevenger for a special one-on-one conversation to discuss her experience building customer success strategies for countless transportation companies and offer her insight on customer service trends across the supply chain.

June 13, 2024
Government, Business

Trucking Workforce Declines but Overcapacity Remains

The trucking industry has for months remained mired in sustained overcapacity relative to freight demand even as it has slowly shed workers, federal data shows.

Connor D. Wolf | Staff Reporter
June 13, 2024
Government, Business, Logistics

Defense Bill Proposes GAO Review of Moving Contract

The House is considering a must-pass annual defense policy bill that includes a review of a new moving contract and security enhancements for trucks at military bases and installations.

Eugene Mulero | Senior Reporter
June 13, 2024