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.
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.
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.
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, 2024Canada 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.
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.
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.
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.
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.
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.
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.