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.
Red Sea Chaos Has Shippers Bracing for Weeks Without Route
The global shipping industry is bracing for the prospect of living without its most important trade route for weeks.
December 19, 2023On Regulation Front, 2023 Was a Year of Wins and Losses
Over the last 12 months, Department of Transportation officials have been claiming safety gains, billions of federal dollars for infrastructure improvements, and more.
Rivian Chooses Construction Firm for Georgia EV Factory
Electric vehicle startup Rivian announced Dec. 19 it has chosen the construction firm to build its planned $5 billion factory an hour east of Atlanta.
Trucking Can Help Shape EV Future in EPRI Collaborative
Trucking companies are being encouraged by the Electric Power Research Institute to seek its help preparing for the electrification of heavy trucks.
Driver Recruitment Rolls On Amid 2023 Freight Downturn
The demand for professional truck drivers continued to show signs of activity this year despite an overall slowdown in the freight market.
Truck Tonnage Falls 1.2% in November
Truck tonnage slipped in November as the industry’s freight recession lingers, but conditions are poised to ease heading into next year, American Trucking Associations said Dec. 19.
White House Backs Effort to Standardize Tesla Charging Plugs
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
Maersk Sails South of Africa to Avoid Red Sea Conflict Area
Shipping giant A.P. Moller-Maersk A/S will redirect its vessels to sail south of Africa to avoid the Red Sea conflict area where Houthi militants have attacked several ships.
Retailers Improve Delivery Speeds
Some of America’s biggest retailers are working to increase their shipping speeds to please shoppers expecting faster and faster deliveries.
Deutsche Bahn to Sell Logistics Unit Schenker
BERLIN — Germany’s main national railway operator, Deutsche Bahn, on Dec. 19 launched an effort to sell its logistics unit, DB Schenker, as the company concentrates on its core business.
December 19, 2023