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, Global Freight, TCA

Cargo Workers Strike at Denver International Airport

Nearly 100 Swissport cargo workers at the Denver International Airport are on strike Dec. 11, protesting unsafe work conditions they say the company has been ignoring for more than a year.

Lauren Penington | The Denver Post
December 11, 2023
Government, Business

REPLAY: Driving Diversity in Transportation

Facing driver shortages and diversity challenges, the trucking sector stands at a pivotal point. Discover how these issues offer opportunities for inclusive growth in this interview with April Rai.

December 11, 2023
Business, Technology, Fuel

Battery Startup ONE Demotes CEO Amid Cash Crunch

Our Next Energy Inc., a battery startup hoping to rival China with vital energy storage technology, has replaced founder and CEO Mujeeb Ijaz as it faces a failed funding round and cash crunch.

Gabrielle Coppola | Bloomberg News
December 11, 2023
Government, Business, Logistics

Amazon Asks Federal Judge to Dismiss FTC’s Antitrust Lawsuit

Attorneys for Amazon on Dec. 8 asked a federal judge to dismiss the Federal Trade Commission’s antitrust lawsuit against the e-commerce giant.

December 11, 2023
Government, Business, Fuel

FTC Opens Inquiry of Chevron-Hess Merger

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened recently of a major oil industry merger.

Matthew Daly | Associated Press
December 11, 2023
Business, Fuel, Logistics

Holiday Crowds on Roads Expected to Be Bigger Than Last Year

More Americans are expected to fly or drive far from home over Christmas than they did last year, putting a cap on a busy year for travel.

David Koenig | Associated Press
December 11, 2023
Government, Business, Safety, Logistics

Supply Chain Coalition Presses Background Check Reform

A broad-based supply chain coalition is urging Congress to quickly pass legislation that would eliminate duplicative background security checks for truck drivers and other workers.

Eric Miller | Senior Reporter
December 11, 2023
Business, Logistics

DoorDash to Be Added to Nasdaq 100; Zoom to Be Removed

DoorDash will be joining the Nasdaq 100 Index while Zoom Video Communications will be removed as part of the annual makeover of the tech-heavy benchmark.

December 11, 2023
Business, Fuel

Occidental to Buy CrownRock for $10.8 Billion

Occidental Petroleum agreed to buy Texas shale driller CrownRock in a cash-and-stock deal valued at $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.

Mitchell Ferman | Bloomberg News
December 11, 2023
Business

Jacobs Names New Company QXO, Dealing in Building Materials

Brad Jacobs, the executive chairman of less-than-truckload carrier XPO Inc., announced on Dec. 11 he plans to target the building products industry in his latest business venture.

Dan Ronan | Senior Reporter
December 11, 2023