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, Safety

Motive Announces Array of AI Products, Services

NASHVILLE, Tenn. — Motive has announced an array of AI products and services designed for driver safety and greater visibility and control over motor carrier and other related operations.

Eric Miller | Senior Reporter
April 16, 2024
Business, Logistics, TCA

Port of Portland to End Terminal 6 Cargo Container Handling

The Port of Portland will shut down its cargo container handling operation at North Portland’s Terminal 6, saying an effort to lease the site to a third-party operator had fallen through.

Jeff Manning | The Oregonian (Portland, Ore.)
April 16, 2024
Government, Business, Equipment, Safety, Logistics

Crews Race to Remove Chunks of Fallen Baltimore Bridge

SPARROWS POINT, Md. — Crews are using the largest crane on the Eastern Seaboard to haul the wreckage from Baltimore’s Francis Scott Key Bridge collapse to a nearby salvage yard.

Lea Skene | Associated Press
April 16, 2024
Business, Technology, Fuel

Nissan Says It Will Make Next-Gen EV Batteries by 2029

YOKOHAMA, Japan — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said April 16.

Yuri Kageyama | Associated Press
April 16, 2024
Government, Business, Fuel

Macquarie: Biden Likely to Tap Oil Reserve for Summer Demand

The Biden administration will likely need to tap oil from the country’s emergency reserves to counter a spike in gasoline prices and amid inflation fears during the summer driving season.

Lucia Kassai | Bloomberg News
April 15, 2024
Government, Business

Update: Biden Pledges Federal Funds for Baltimore Bridge Rehabilitation

Congressional transportation leaders are expressing support for approving emergency assistance to rebuild a bridge and adjoining infrastructure after the recent collapse at the Port of Baltimore.

April 15, 2024
Government, Business, Safety

Drug Clearinghouse Creates Advantages, Challenges for Industry

Although FMCSA's efforts to streamline the driver verification process are helping fleets reduce risk via the Drug & Alcohol Clearinghouse, it's also reduced the pool of qualified drivers.

Mindy Long | Special to Transport Topics
April 15, 2024
Business, Equipment

VTNA Opens Order Book for Redesigned VNL Class 8 Flagship

Volvo Trucks North America opened the order book April 15 for its new Class 8 VNL tractor, it said.

Keiron Greenhalgh | Staff Reporter
April 15, 2024
Business, Technology, Equipment

Tech Vendors Introduce Latest Offerings for 3PLs at TIA

PHOENIX — From business process automation to fraud prevention, industry tech developers rolled out new software features and service offerings for 3PL providers at TIA's conference.

Seth Clevenger | Managing Editor, Features and Multimedia
April 15, 2024
Business, Technology, Safety, Logistics

Truckstop Launches Carrier Vetting Services for Brokers

Truckstop launched three new services aimed at helping brokers ensure they’re doing business with trusted carriers, the company announced April 9.

Connor D. Wolf | Staff Reporter
April 15, 2024