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

Wisconsin Governor Vetoes Bill Placing $1M Cap on Litigation

Wisconsin Gov. Tony Evers has vetoed a bill that would have put a $1 million cap on awards for noneconomic damages such as pain and suffering in lawsuits stemming from commercial motor vehicle accidents.

Eric Miller | Senior Reporter
April 8, 2024
Government, Business, Technology

Biden Grants $6.6 Billion to Chipmaker TSMC

WILMINGTON, Del. — The Biden administration pledged on April 8 to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is building in Arizona.

Will Weissert | Associated Press
April 8, 2024
Business, Technology, Safety

Toyota to Oversee Model Certification at Daihatsu

TOKYO — Japanese automaker Toyota will oversee model certification at its subsidiary Daihatsu to regain trust among dealers, customers and workers after a safety testing scandal.

Yuri Kageyama | Associated Press
April 8, 2024
Business, Private, Global Freight

Amazon Eyes Record High

Wall Street investors are finally doing what analysts have been recommending all along: buying Amazon.com Inc.

Subrat Patnaik | Bloomberg News
April 8, 2024
Government, Business, Safety, Logistics

Salvage Crews Begin Removing Containers From Dali

BALTIMORE — Salvage crews on April 7 began removing containers from the deck of the ship that collapsed the Francis Scott Key Bridge in Baltimore, an important step toward full reopening.

April 8, 2024
Business, Technology, Autonomous

Musk Says Tesla Will Unveil Robotaxi in August

Tesla Inc. plans to unveil its long-promised robotaxi later this year as the electric carmaker struggles with weak sales and competition from low-cost Chinese EVs.

Dana Hull | Bloomberg News
April 5, 2024
Business, Safety, Logistics, TCA

Baltimore-Area Truckers Struggle to Find Loads

Like thousands of workers who depend on the Port of Baltimore, now closed to ship traffic, truckers have found themselves sidelined and facing uncertainty.

Lorraine Mirabella | The Baltimore Sun
April 5, 2024
Government, Business, Safety, Logistics

Grant Diverted to Add Vehicle Cargo Area in Baltimore

The Port of Baltimore will be able to receive roll-on/roll-off cargo due to federal and state officials agreeing to divert an $8.26 million grant to add 10 acres of cargo laydown space.

Noël Fletcher | Staff Reporter
April 5, 2024
Government, Business, Safety, Logistics

Biden Tours Collapsed Baltimore Bridge Area

BALTIMORE — President Joe Biden got a firsthand look April 5 at efforts to clear away the “mangled mess” of remains of the collapsed Francis Scott Key Bridge in Baltimore.

Will Weissert | Associated Press
April 5, 2024
Business

Agile Cold Storage Chooses Louisiana for $45.9M Facility

Agile Cold Storage is revamping a historic Louisiana brick-making facility with plans to ship 100 containers weekly of food products from its new Pearl River facility.

Noël Fletcher | Staff Reporter
April 5, 2024