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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.