Business
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.
GSA Is Moving Ahead to Rebuild Two Maine Land Ports of Entry
Two freight land ports from Maine to Canada are getting closer to being revamped as part of the U.S. General Services Administration's $3.4 billion infrastructure investment fund plan.
Waymo Comes to Southern California, and It’s a Hot Ticket
Driverless car company Waymo began offering 24/7 robotaxi service Oct. 11 in Southern California. Autonomous vehicle enthusiasts lined up at the Waymo stand in Santa Monica as early as 8 a.m.
Dashboard Tracks Federal Infrastructure Grant Use
Midwestern cities are spending more federal infrastructure grants to improve roads and bridges, according to a new National League of Cities dashboard tracking projects across the U.S.
Inflation Eased Slightly in September
WASHINGTON — Measures of U.S. inflation in September showed that the pace of price increases is still grinding lower, though at a slow and uneven pace.
Class 8 Sales Fall in September for Second Consecutive Month
Class 8 retail sales in September fell from the year-ago period for the second straight month, declining 3.2%, Wards Intelligence reported.
UAW Members Walk Out at Ford Kentucky Truck Plant
Ford Motor Co. became the latest strike target for the United Auto Workers after members walked out of its largest plant, a highly profitable pickup factory in Kentucky.
Tesla Taps European Stainless Steel Producer for Cybertruck
Tesla Inc. is sourcing some stainless steel panels for the exterior of its new Cybertruck from Finnish supplier Outokumpu Oyj, which has worked to accommodate the electric vehicle’s unconventional design, according to people familiar with the matter.
KAG Acquires Liquid Bulk Carrier Idaho Milk Transport
Kenan Advantage Group has acquired Idaho Milk Transport, the company announced Oct. 11. The deal expands KAG's reach in the Pacific Northwest.
October 11, 2023Port of Savannah Seeks to Deepen Shipping Lane Again
SAVANNAH, Ga. — Just 18 months after crews finished the $1 billion dredging of the Savannah River channel, the Georgia Ports Authority wants to study deepening the shipping lane again.
Navistar Relaunches Financial Services Retail Capabilities
Truck maker Navistar announced Oct. 4 that its financial services business is reintroducing retail capabilities to serve truck and bus customers.