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

US Inflation Cooled in May

WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed. 

Christopher Rugaber | Associated Press
June 12, 2024
Business, Logistics, For-Hire

FedEx to Cut Up to 2,000 Europe Jobs

FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.

Cailley LaPara | Bloomberg News
June 12, 2024
Government, Business, Logistics

Traffic Resumes Through Port of Baltimore

BALTIMORE — Authorities anticipate commercial shipping traffic through the Port of Baltimore will soon return to normal levels since the channel fully reopened earlier this week.

Lea Skene and Brian Witte | Associated Press
June 12, 2024
Government, Business, Logistics, Private, Global Freight

Thousands of Drivers File Arbitration Claims Against Amazon

NEW YORK — Thousands of delivery drivers filed legal claims against Amazon on June 11, alleging the company’s classification of them as independent contractors has led to unpaid wages.

Haleluya Hadero | Associated Press
June 11, 2024
Government, Business, Safety

PHMSA Proposes to Increase Registration Fees

The Pipeline and Hazardous Materials Safety Administration has proposed to raise to the maximum level permitted by Congress registration fees that are paid by hazardous materials carriers.

Eric Miller | Senior Reporter
June 11, 2024
Government, Business, Technology, Safety

FHWA Chief Touts Emerging Transportation Technologies

WASHINGTON — Adopting emerging technologies across the transportation landscape will improve safety for commuters and the freight sector, the nation’s top highway director said.

Eugene Mulero | Senior Reporter
June 11, 2024
Business, Technology, Logistics, Perspective

Viewpoint: Transportation Procurement Involves Evolving Processes

From a carrier’s perspective, the way shippers procure transportation can seem arbitrary, with limited thought or imagination. In reality, their approach has become more sophisticated.

Chris Caplice | Chief Scientist, DAT
June 11, 2024
Government, Business, Technology, Fuel

States Challenge California on Emissions Legal Activism

Alabama is leading a 19-state coalition suing five states in the Supreme Court for pursuing what the group calls “ruinous liability and coercive remedies” in legal actions against energy companies.

Noël Fletcher | Staff Reporter
June 11, 2024
Business, Technology, Equipment

Kenworth Introduces CARB-Compliant MX-13 Engine

Kenworth Truck Co. announced a California-compliant version of Paccar’s MX-13 diesel engine is now available for its T680, T880 and W990 Class 8 trucks.

Keiron Greenhalgh | Staff Reporter
June 11, 2024
Government, Business, Technology, Equipment, Fuel, Logistics, For-Hire, Private

Private Fleets Pursuing Emissions Goals More Aggressively

Across all areas of the economy, shippers are facing increasing pressure to make their operations more sustainable and to meet environmental, sustainability and governance targets.

Amanda Smith-Teutsch | Special to Transport Topics
June 11, 2024