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.
Tesla Rethinks the Assembly Line
Tesla Inc. has a plan to fend off cheaper competition from China with a $25,000 electric car. But first it has to overhaul a 100-year-old manufacturing process pioneered by Henry Ford.
US Buys 2.8 Million Barrels of Oil for Strategic Reserve
The U.S. purchased 2.8 million barrels of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies.
March 28, 2024Home Depot Buys SRS Distribution in $18 Billion Deal
Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion.
Federal Funds to Finance Rebuild of Baltimore Bridge
The potential for freight delays was being assessed in the wake of the collapse of the Francis Scott Key Bridge near Baltimore, which was struck by a cargo ship on March 26.
Automakers Face Workarounds Due to Port of Baltimore Closure
The Maryland bridge collapse that severed access to the Port of Baltimore early March 26 is expected to cause some shipping delays and logistical headaches for the auto industry.
NYC Congestion Pricing Wins Key Approval From Transit Board
Drivers of cars and trucks in New York City inched closer to paying a new fee to enter Manhattan’s central business district after approval of the nation’s first congestion-pricing plan.
US Ports Post Year-Over-Year Increases for February
U.S. ports experienced overall increases in container volumes year-over-year in February to extend a strong start to the year.
Questions Linger About Enforcement of California AB 5 Law
The California AB 5 independent contractor law is more than 4 years old, but how and to what extent it’s being enforced across the trucking industry remains an open question.
Used Truck Sales in February Increase 23% Over Last Year
Used Class 8 truck sales in February increased 23.3% compared with the same period the prior year, ACT Research reported.
With Just 90 Seconds of Warning, Countless Lives Were Saved
BALTIMORE — Within about 90 seconds of a dispatcher's warning of an impending crash, police officers who happened to be near the Francis Scott Key Bridge stopped traffic in both directions.