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, Safety, Logistics

House Democrats Press Freight Rail Safety

Senior Democrats on the transportation committee in the U.S. House are calling on their colleagues to advance rail safety measures.

Eugene Mulero | Senior Reporter
March 18, 2024
Business, Fuel

Exxon Open to Dialogue With Chevron Over Guyana, CEO Says

Exxon Mobil is open to talking to Chevron about its proposed takeover of Hess as the oil giants spar over the deal’s implications for a massive offshore oil project in Guyana.

Kevin Crowley | Bloomberg News
March 18, 2024
Business, Technology

60 Seconds: Biden Administration Unveils EV Freight Charging Plan

A blueprint for establishing electric vehicle charging infrastructure for commercial trucks was recently announced by a multi-agency initiative. 

March 18, 2024
Government, Business, Logistics

Canada to Raise Capacity at Port of Thunder Bay

Canada is investing C$6.7 million from its National Trade Corridors Fund on two projects to improve and increase capacity at the Port of Thunder Bay, a key grain transport hub.

Noël Fletcher | Staff Reporter
March 18, 2024
Government, Business, Technology, Fuel

New York Offers $16 Million in Hydrogen Grants

New York has launched two grant programs totaling $16 million to pay for developing, testing and trial runs of hydrogen fuel cell vehicles and industrial hydrogen energy projects.

Noël Fletcher | Staff Reporter
March 18, 2024
Government, Business, Logistics

Virginia, USDA Offer $6.3M in Cold Storage-Related Grants

Virginia has partnered with the U.S. Department of Agriculture to offer $6.3 million in supply chain grants to expand transportation options and increase cold storage and flash-freezing facilities.

Noël Fletcher | Staff Reporter
March 18, 2024
Business, Safety, Private, Global Freight, TCA

Amazon Reports ‘Measurable Progress’ on Worker Safety

Amazon’s safety data shows a decline in its warehouse injury rate in 2023, marking an improvement for the second consecutive year, but critics disagree with how the company measures safety.

Lauren Rosenblatt | The Seattle Times
March 18, 2024
Business, Technology, Equipment

Fisker Stops Production for Six Weeks

Fisker Inc. is pausing production for the next six weeks as the electric vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy.

Richard Clough | Bloomberg News
March 18, 2024
Business, Safety

FedEx’s Corey Mitchell Wins Big in Bayou

Longtime FedEx Freight driver Corey Mitchell earned a fourth trip to the National Truck Driving Championships by winning Louisiana's state truck driving championship. 

Eugene Mulero | Senior Reporter
March 18, 2024
Business, Fuel

Shell Plans to Divest 1,000 Retail Sites

Shell Plc plans to divest 500 retail sites annually over the next two years, responding to a growing demand for electric vehicle chargers.

Laura Hurst | Bloomberg News
March 18, 2024