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.
Maryland CDL Program Puts More Truckers on the Road
Westminster, Md.-based Carroll Community College in March celebrated its latest commercial driver license program graduates, which now total 77 students.
Port of South Louisiana Sees Continued Annual Cargo Growth
The Port of South Louisiana experienced a second year of increased cargo that rose 8.8 million short tons of cargo in 2023 to counter a period of declining annual tonnage.
Leasing Task Force Hears Concerns About Predatory Contracts
Truckers and industry experts warned that terms of lease-purchase agreements offered by some motor carriers present pitfalls for drivers who learn too late that they’re getting a bad deal.
Durable Goods Orders Rise for First Time in Three Months
New orders placed with U.S. factories for durable goods rose in February for the first time in three months, suggesting firms are somewhat optimistic about the direction of the economy.
UPS Sees Sales, Profit Growth Coming Out of ‘Difficult’ 2023
UPS Inc. expects sales and profit to grow over the next three years as the courier overcomes soft demand for package delivery coming out of the pandemic.
China to Challenge Biden’s EV Plans at the WTO
BEIJING — China filed a World Trade Organization complaint against the U.S. on March 26 over what it says are discriminatory requirements for electric vehicle subsidies.
March 26, 2024Baltimore Bridge Collapses After Cargo Ship Rams Into It
BALTIMORE — A containership lost power and rammed into a major bridge in Baltimore early March 26, causing the span to buckle into the river below. Six people were missing.
Colorado Court Schedules Kroger-Albertsons Hearing in August
A Colorado court scheduled a preliminary injunction hearing on supermarket giant Kroger Co.’s proposed acquisition of rival Albertsons Cos. in mid-August.
Tesla Staff Ordered to Demo Full Self-Driving Mode to Buyers
Tesla Inc. staff are now required to install and demonstrate the company’s driver-assistance technology before handing cars over to buyers in North America.
Lucid Surges on $1 Billion Lifeline From Saudi Investor
Lucid Group is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public Investment Fund, providing the troubled EV maker with a needed lifeline.