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, Equipment

Volvo Picks New Chairman Amid Spinoff Talk

Volvo Group, one of the world’s largest truck makers, has proposed that Par Boman be appointed its new chairman at the Swedish company’s annual general meeting in March.

Rafaela Lindeberg | Bloomberg News
September 22, 2023
Government, Business

Freight Executives Press Congress on Trucking Priorities

WASHINGTON — Policy initiatives that could improve economic and legal conditions for the trucking industry were raised during a meeting between family-owned stakeholders and lawmakers.

Eugene Mulero | Senior Reporter
September 21, 2023
Government, Business, Fuel

EPA’s Own Scientists Warn Ethanol Might Not Be Green Enough

The U.S. government’s own scientists on Sept. 21 questioned whether corn-based ethanol is better for the environment than traditional petroleum-based fuels.

Jennifer A. Dlouhy | Bloomberg News
September 21, 2023
Government, Business, Equipment

Government Contests Fitzgerald Gliders' $83 Million Court Win

A civil jury found in favor of former glider manufacturer Fitzgerald in an $83 million federal tax dispute with the IRS. Federal attorneys haven’t given up on the outcome of the trial.

Eric Miller | Senior Reporter
September 21, 2023
Government, Business

Buttigieg Emphasizes Supply Chain, Safety at House Hearing

WASHINGTON — The nation’s top transportation officer said the infrastructure law and other administration initiatives are helping to improve freight connectivity and highway safety.

Eugene Mulero | Senior Reporter
September 21, 2023
Business, Technology, Logistics

Hapag-Lloyd to Install Satellite Internet on Containerships

Hapag-Lloyd AG, the biggest container shipping line based in Germany, said Sept. 21 it will install SpaceX’s Starlink internet service aboard the ships it owns and manages.

Brendan Murray | Bloomberg News
September 21, 2023
Government, Business, Logistics

Biden Orders Continued Monitoring of Norfolk Southern

President Joe Biden ordered federal agencies to continue holding Norfolk Southern accountable for its February derailment in eastern Ohio and appoint a FEMA official to oversee East Palestine’s recovery, but he still stopped short of declaring a disaster.

Josh Funk | Associated Press
September 21, 2023
Government, Business, Technology, Equipment, Safety

Kentucky Cargo Theft Spike Echoes National Issues

Kentucky law enforcement is warning of a spike in strategic cargo thefts in a trend that reflects a growing national problem.

Connor D. Wolf | Staff Reporter
September 21, 2023
Business, Equipment

August Trailer Orders Fall 35% to 11,500 Units

U.S. trailer orders continued to experience year-over-year declines in August, but did post a second straight month of sequential improvements, according to ACT Research.

Connor D. Wolf | Staff Reporter
September 21, 2023
Business, Equipment

Stellantis Makes a New Contract Offer

Stellantis gave the the United Auto Workers a new contract proposal as General Motors and Stellantis announced fresh layoffs Sept. 20 that they blamed on damage from the strike.

David Koenig | Associated Press
September 21, 2023