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, Technology

US, EU Discuss Semiconductors, Cybersecurity, Supply Chain

The U.S. and European Union agreed to increase raw material sourcing for semiconductors and better align mutual cybersecurity protocols for infrastructure and businesses.

Noël Fletcher | Staff Reporter
February 7, 2024
Government, Business, Fuel

US Oil Output Expected to Flatline Until 2025

The U.S. sees oil production flatlining for most of this year before reaching a new record in early 2025. That would ease concerns about a supply glut that has weighed on prices.

February 6, 2024
Business, Equipment

Emissions Sensors Settlement Leaves Cummins Nursing Q4 Loss

A December settlement between Cummins Inc. and the federal government pushed the engine and component manufacturer’s results into the red in the fourth quarter of 2023, it said Feb. 6.

Keiron Greenhalgh | Staff Reporter
February 6, 2024
Business, Logistics

Averitt Bolsters Nashville Presence With Upgraded Facilities

Averitt Express expanded three of its key facilities as part of an ongoing effort to strengthen its foothold in Nashville, Tenn., the company announced Jan. 31.

February 6, 2024
Business, Technology

Toyota Boosts Spending on US EV Production by $1.3 Billion

Toyota Motor Corp. is boosting investment at a plant in Kentucky by $1.3 billion as it prepares to start U.S. production next year of a three-row, all-electric SUV.

Chester Dawson | Bloomberg News
February 6, 2024
Business, Technology

60 Seconds: Revoy Launches Atypical EV for Class 8 Trucks

Bay Area startup touts electric vehicle's ability to boost fuel economy while reducing emissions. Story by Keiron Greenhalgh.

February 6, 2024
Business, Safety, Logistics

STB Modifies Performance Requirements for Class I Railroads

Changes are being made in a nearly 2-year-old federal government requirement regarding performance levels at four Class I freight railroads.

February 6, 2024
Business, Technology, Logistics, Autonomous, Global Freight, TCA

Cincinnati Airport Deploys Autonomous Baggage Handling EVs

Cincinnati/Northern Kentucky International Airport is using devices known as Auto-DollyTugs, electric autonomous vehicles complete with “robotic arms,” to handle baggage and cargo.

Skip Descant | Government Technology
February 6, 2024
Government, Business, Equipment

Yellow Repays $700M COVID-Era Treasury Loan Plus Interest

Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief and Economic Security Act, the bankrupt less-than-truckload carrier said.

Keiron Greenhalgh | Staff Reporter
February 6, 2024
Business, Private

Kroger CFO Departs During Uncertainty on Albertsons Merger

Kroger Co. said Feb. 5 that its chief financial officer is leaving for another company as the supermarket operator waits for regulators’ ruling on its proposed merger with Albertsons Cos.

Jaewon Kang | Bloomberg News
February 6, 2024