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.
Texas Oil Regulators Ask State to Sue EPA Over Methane Rule
Texas regulators on Jan. 30 formally asked the state’s attorney general to challenge the Biden administration’s rule that seeks to lower emissions from the oil and gas sector.
Georgia Ports Handled Record Number of Automobiles in 2023
SAVANNAH, Ga. — The Georgia Ports Authority said that it moved a record number of automobiles across its docks in Brunswick in 2023, while goods sent to Savannah in containers declined 16%.
Freight Elite Struggle to Hit Climate Goals as Demand Surges
Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.
Diesel Price Increase of 2.9¢ Lifts National Average to $3.867
The diesel price pendulum has swung forward this week with a 2.9-cent national average increase, according to data released Jan. 29 by the Energy Information Administration.
60 Seconds: How Trailer Wraps Boost Brand Recognition
Wrapped trailers turn the regular movement of #trucks into a unique marketing opportunity for companies.
January 30, 2024Fortescue Says Europe Can’t Compete as a Green Hydrogen Hub
High power costs will make most of Europe and Japan unattractive as hubs of green hydrogen production, according to the man leading Fortescue's drive to become a global supplier of the fuel.
NHTSA Capable of Regulating High-Tech Vehicles, Carlson Says
Outgoing NHTSA Administrator Ann Carlson discussed issues surrounding changing technologies, including Tesla's Autopilot, Cruise robotaxis and ARC Automotive's air bag inflators.
Truck Makers Launch Zero-Emission Infrastructure Coalition
A coalition of truck manufacturers is launching a joint initiative to work with stakeholders to accelerate construction of charging infrastructure for medium- and heavy-duty ZEVs.
GM’s Net Income Rose 12% in 2023 Despite Costly Strike
DETROIT — General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike.
UPS to Cut 12,000 Jobs, Explore Sale of Coyote Amid Weak Q4
UPS Inc. is reducing its overall employee head count by 12,000 workers, which the company says will save more than $1 billion, citing higher labor costs and softening demand.