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.
Port NOLA Project Gets $226 Million in Federal Grant
WASHINGTON — The planned $1.8 billion Louisiana International Terminal project in St. Bernard Parish was awarded a $226 million grant Jan. 22 from the U.S. Department of Transportation.
Truck Tonnage in December Dips 0.5% Year-Over-Year
Truck tonnage dipped in December, closing out the worst 12 months for freight activity since the pandemic year of 2020, American Trucking Associations reported.
Love’s, DTNA Roll Out Freightliner Maintenance Network
Love’s Travel Stops and Daimler Truck North America have begun rolling out a maintenance network for light mechanical repairs on the truck maker’s Freightliner-branded vehicles.
Truck Sales at Navistar’s International Unit Rise 9% in 2023
Sales of International-branded trucks totaled 75,500 in 2023, up 9% compared with 2022, the original equipment manufacturer’s parent company said Jan. 22.
Amazon Fined in France for Employee Monitoring in Warehouses
France’s privacy watchdog said Jan. 23 that it hit Amazon’s warehouse unit with a $35 million fine for using an “excessively intrusive system” to monitor worker performance and activity.
January 23, 2024C.H. Robinson Announces Electronic Bill of Lading for LTLs
C.H. Robinson is implementing an electronic bill of lading process for its largest less-than-truckload carriers, a move in its continued efforts to digitize documents, the company announced Jan. 22.
Red Sea Chaos Starting to Impair Profits Across Industries
With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.
January 23, 2024PS Logistics Unit Expands Flatbed Division in North Carolina
PS Logistics’ Blair Logistics unit announced it has acquired the flatbed division of Kenly, N.C.-based ELS for an undisclosed sum.
Ports on Both Coasts Wrap 2023 Below Year-Earlier Levels
The nation’s port leaders say that while container volume was down in the Pacific, Atlantic and Gulf of Mexico facilities, overall trends for 2024 are pointing up.
DOT Panel Examines Maintenance Language in Lease Agreements
A U.S. Department of Transportation leasing task force has begun examining maintenance provisions in lease-purchase agreements.