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.
Storms and Strikes Hold New Jobs to Just 12,000 in October
WASHINGTON — America’s employers added just 12,000 jobs in October, a total economists say was held down by the effects of strikes and hurricanes that left many temporarily off payrolls.
Colorado Awarded $66M in Federal Funding for Rail Safety
Colorado has been awarded $66.4 million in grant funding to improve the safety of the Burlington Northern Santa Fe rail line north of Denver.
Port of Vancouver Braces for Strike Set for Nov. 4
Dock foremen and women in British Columbia issued a strike notice for Nov. 4, setting up a complete shutdown of Canada’s busiest port, a business group said.
Amazon Exceeds Profit Forecasts, Predicts Q4 Sales Surge
“As we get into the holiday season, we’re excited about what we have in store for customers,” CEO Andy Jassy said in a statement.
Waymo Valued Over $45B After Latest Funding Round
The business said late last week that it had raised $5.6 billion in new capital at an undisclosed value. The financing was led by Alphabet, which also owns Google.
October 31, 2024Werner’s Mahon Details Aggressive Approach to Cybersecurity
CLEVELAND — Werner Enterprises cybersecurity lead Daragh Mahon detailed his aggressive and innovative approach to protecting the company's assets during the NMFTA Cybersecurity Conference on Oct. 29.
Truckload Turnaround, Pre-Buy to Boost 2025 Sales, OEMs Say
Truck makers are becoming more optimistic about the prospects for 2025 Class 8 purchases.
Plus Ramps Up Autonomous Truck Testing in Texas, Sweden
Automated driving technology company Plus has been ramping up on-road testing of autonomous heavy-duty trucks in the United States and Europe in cooperation with Traton Group.
Stellantis Revenue Falls 27% in Q3
Stellantis NV’s third-quarter revenues slumped 27% as the automaker shipped fewer cars from factories in most of its major markets.
EPA Grants 4 States $248.9M for I-95 EV Truck Charging Sites
EPA is paying $248.9 million to develop 24 electric truck charging sites for medium- and heavy-duty vehicles along the Interstate 95 freight corridor in four East Coast states.