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, Logistics

Canada Dockworkers to Vote on New Contract Today

The union representing more than 7,000 dockworkers at two of Canada’s busiest ports is set for a key vote on a new contract today, potentially putting an end to labor unrest.

Laura Dhillon Kane | Bloomberg News
July 21, 2023
Business, Technology, Equipment, Fuel

Volvo Signs Fuel System JV Deal With Canada’s Westport

Truck manufacturer Volvo Group is set to establish a high-pressure gas-injection fuel system joint venture with Westport Fuel Systems.

Keiron Greenhalgh | Staff Reporter
July 21, 2023
Government, Business

New Jersey Sues Over NYC Congestion Pricing Plan

A plan to charge motorists driving into midtown Manhattan in New York City was challenged by neighboring New Jersey, which seeks to block the proposal as unfair to commuters.

July 21, 2023
Business, Logistics

CSX’s Q2 Profit Falls 15% Annually

OMAHA, Neb. — Fewer shipping container deliveries this spring hurt CSX railroad’s second-quarter profit and offset a sharp increase in shipments of automobiles.

Josh Funk | Associated Press
July 21, 2023
Government, Business, Technology, Autonomous

California Bill Would Keep Drivers in Autonomous Cabs

California state legislators are moving closer to a final vote on a bill that would for roughly six years require drivers to be in the cab at all times for autonomous trucks.

Eric Miller | Senior Reporter
July 20, 2023
Government, Business, Logistics

Canadian Dockworkers May Be Reconsidering Rejected Offer

Dockworkers might be rethinking their position on a tentative deal after calling off a renewed strike this weekend at Canada’s west coast ports, according to Prime Minister Justin Trudeau.

Randy Thanthong-Knight | Bloomberg News
July 20, 2023
Business, Logistics

M&A Trucking Market Weathers 2023 Headwinds

The trucking industry is facing merger and acquisition headwinds amid declining freight demand and rising interest rates, but deal buzz remains, experts said.

Connor D. Wolf | Staff Reporter
July 20, 2023
Business, Equipment

June Trailer Orders Drop 59% Year-Over-Year

U.S. trailer orders continued the trend of year-over-year declines with a large drop in June, according to data released by ACT Research.

Connor D. Wolf | Staff Reporter
July 20, 2023
Government, Business, Technology, Fuel

25 States Send EPA a Letter Opposing Emissions Proposal

Kentucky and West Virginia are leading a 25-state coalition in challenging emissions regulations proposed by the Biden administration.

Noël Fletcher | Staff Reporter
July 20, 2023
Business, Technology, Fuel, TCA

Rivian to Open Chicago Showroom in September

Nearly two years after launching production of its electric pickup trucks and SUVs in Normal, Ill., Rivian is planning to open its first showroom in Chicago.

Robert Channick | Chicago Tribune
July 20, 2023