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.

Business, Logistics, Global Freight

DHL Express Workers Strike at Cincinnati Air Cargo Hub

More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport, a critical logistics hub for the package delivery company.

December 8, 2023
Business, Logistics

Update: XPO Spends $870 Million for Yellow Properties

Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier’s assets, court documents show.  

December 8, 2023
Government, Business

Labor Market Solid With 199,000 Jobs Added in November

The nation’s employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing.”

Christopher Rugaber | Associated Press
December 8, 2023
Business, Logistics, For-Hire

Dark Horse Bidder Makes Second Offer for Yellow Assets

Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.

Keiron Greenhalgh | Staff Reporter
December 7, 2023
Business

Frank Lonegro Named CEO at Landstar, Succeeding Jim Gattoni

Landstar System has selected Frank Lonegro to replace James Gattoni as president and CEO early next year, the company announced Dec. 4.

December 7, 2023
Business, Technology

Omnitracs Sues Motive Technologies for Patent Infringement

Motive Technologies Inc. in a Dec. 6 legal filing attacked the legal standing of a technology patent infringement lawsuit filed against it by Omnitracs.

Eric Miller | Senior Reporter
December 7, 2023
Business, Technology, Autonomous

Tesla’s Dojo Supercomputer Head Exits in Blow to Efforts

Tesla Inc.’s Dojo supercomputer project lead Ganesh Venkataramanan has left the company, according to people familiar with the matter, a setback to the automaker’s self-driving efforts.

Ed Ludlow and Mark Gurman | Bloomberg News
December 7, 2023
Business, Equipment, Fuel, Logistics, For-Hire

Ryder Reveals First Two Companies in EV Fleet Program

Truck leasing and logistics company Ryder System identified its initial customers Dec. 5 for its RyderElectric+ turnkey electric vehicle fleet program.

Keiron Greenhalgh | Staff Reporter
December 7, 2023
Government, Business, Safety

Board Proposes Adding Fentanyl to Drivers’ Drug Testing List

A federal drug advisory group has begun the cumbersome process of placing fentanyl on the list of drugs to test federal safety-sensitive employees and truck drivers for drug use.

Eric Miller | Senior Reporter
December 7, 2023
Business, Technology

Using Technology to Solve Trucking’s Top Industry Issues

Program Aired: December 7, 2 p.m. ET Recently released results from an American Transportation Research Institute survey shows the economy, truck parking, fuel prices and zero-emission vehicles are some of the most critical issues in trucking, among others. Register for this webinar, presented by PrePass and Geotab, and learn new ways your fleet can use technology to better address these important concerns.

December 7, 2023