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, Fuel

OPEC Still Sees Strengthening Oil Demand

OPEC maintained forecasts for strengthening oil demand in the second half of the year, as the group and its allies prepare to revive some halted supplies.

Grant Smith | Bloomberg News
June 11, 2024
Government, Business, For-Hire

Canadian Border Agency, Staff Agree on Tentative Labor Deal

 Unionized Canadian border agency staff and the federal government reached a tentative deal on a collective bargaining agreement for more than 9,500 staff, the two sides said June 11.

Keiron Greenhalgh | Staff Reporter
June 11, 2024
Government, Business, Logistics, Global Freight

Dockworkers at Ports From Boston to Houston Halt Labor Talks

The union representing dockworkers at East and Gulf Coast container ports has suspended labor contract negotiations set for June 11, citing a dispute over automation.

Laura Curtis | Bloomberg News
June 11, 2024
Government, Business, Logistics

Baltimore Shipping Channel Fully Reopens

BALTIMORE — The main shipping channel into Baltimore’s port has fully reopened to its original depth and width following the March 26 collapse of the Francis Scott Key Bridge.

Lea Skene | Associated Press
June 11, 2024
Government, Business, Technology, Autonomous

Judge Rules Tesla Must Face Autopilot False Ad Claims

Tesla failed to persuade an administrative judge to dismiss claims by a California regulator that the company overstated its vehicles’ self-driving capabilities.

Rachel Graf | Bloomberg News
June 10, 2024
Business, Logistics

CN Seeks Binding Talks With Teamsters in Labor Dispute

Canadian National Railway amped up pressure on the Teamsters Canada Rail Conference to resolve an ongoing labor dispute with potentially wide-ranging impacts across North American supply chains.

Keiron Greenhalgh | Staff Reporter
June 10, 2024
Business, Safety

60 Seconds: Fuel Prices to Rise in Five States on July 1

Drivers to pay more at the pump as fuel tax increases are set to take effect July 1 in California, Illinois, Indiana, Missouri and Virginia. 

June 10, 2024
Business, Logistics

C.H. Robinson Names Damon Lee as Chief Financial Officer

C.H. Robinson Worldwide announced the appointment of Damon Lee as its new chief financial officer June 6.

Connor D. Wolf | Staff Reporter
June 10, 2024
Business, Logistics

Textainer in Talks to Buy Container Leasing Firm Seaco

Stonepeak-owned Textainer is in talks to acquire container leasing firm Seaco from an arm of failed Chinese conglomerate HNA Group, according to people with knowledge of the matter.

June 10, 2024
Business, Technology, Safety

Volvo Recalls All EX30 Cars on Software Glitch

Volvo Car AB is recalling all of the almost 72,000 units it has made of its new flagship model — the fully electric EX30 — due to a software issue.

Rafaela Lindeberg | Bloomberg News
June 10, 2024