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.
Seroka Optimistic About Cargo Levels in 2024
Port of Los Angeles Executive Director Gene Seroka says container volumes in the first quarter are strong, and the rest of the year looks as though more typical cargo levels will return.
Carrier Uses Arkansas Grant for Electric Yard Truck
An Arkansas state environmental grant for $166,023 has helped truckload carrier Continental Express modernize its operations with an all-electric spotter truck at a Nestlé USA plant.
Port of L.A. Updates From Gene Seroka
Port of Los Angeles Executive Director Gene Seroka talks with TT's Dan Ronan about growth at the port and challenges in early 2024 following the successful completion of a labor agreement in 2023.
February 27, 2024Gas Vehicles Currently Cheaper to Fuel Than EVs
With gasoline prices dropping, a new study suggests gas-powered vehicles may be more economical to fuel up versus an equivalent electric vehicle.
Factory Orders Tick Up in January
Orders placed with factories for business equipment barely rose in January after falling the prior month, suggesting firms are restraining their investment amid an uncertain outlook.
Norfolk Southern Urges Shareholders to Reject Takeover Plan
OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.
National Average Diesel Price Falls 5.1¢ to $4.058 a Gallon
The national average for a gallon of diesel fell by 5.1 cents the week ending Feb. 26, the largest drop this year, according to data released by the Energy Information Administration.
Covenant’s Duncan Named Recruiter of the Year
NASHVILLE, Tenn. — Matthew Duncan of Covenant Logistics was named the 2023 Transport Topics Recruiting Professional of the Year at Conversion Interactive Agency's annual event.
FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal
The Federal Trade Commission, eight states and Washington, D.C., sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. on Feb. 26.
Ford Pauses F-150 Lightning Shipments
Ford Motor Co. has paused shipments of the 2024 F-150 Lightning pickup truck as part of a longer-than-expected quality check process.