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

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.

Dana Hull | Bloomberg News
March 28, 2024
Government, Business, Fuel

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, 2024
Business, Private

Home 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.

Michelle Chapman | Associated Press
March 28, 2024
Government, Business, Safety

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.

Noël Fletcher | Staff Reporter
March 27, 2024
Business, Safety, Logistics, TCA

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.

Luke Ramseth and Kalea Hall | The Detroit News
March 27, 2024
Business, Logistics

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.

Michelle Kaske | Bloomberg News
March 27, 2024
Business, Equipment, Logistics

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.

Connor D. Wolf | Staff Reporter
March 27, 2024
Government, Business

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.

Eric Miller | Senior Reporter
March 27, 2024
Business, Equipment

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.

Connor D. Wolf | Staff Reporter
March 27, 2024
Business, Safety, Logistics

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. 

Lea Skene and Brian Witte | Associated Press
March 27, 2024