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, Technology, Logistics, Private

Amazon Debuts ‘HQ2’ Complex in Virginia

ARLINGTON, Va. — Amazon unveiled its new headquarters complex in Virginia June 15, a pair of gleaming amenity-packed towers that leaders hope will persuade employees to return to the office.

Matthew Barakat | Associated Press
June 15, 2023
Government, Business

Labor Secretary Nominee Su Awaits Senate Vote Amid Pushback

Nearly two months after a committee approved Acting Labor Secretary Julie Su’s nomination to lead the department, Democratic leaders in the Senate have yet to schedule a floor vote.

Eugene Mulero | Senior Reporter
June 15, 2023
Business, Technology, Fuel, Logistics

Intermodal Players Lead on ESG Scores

Trucking and logistics companies with a focus on intermodal operations have been leading on environmental, social and corporate governance scoring in the transportation space.

Connor D. Wolf | Staff Reporter
June 15, 2023
Government, Business, Fuel

Cost, Chargers, Range Are Challenges for Electrification

Trucking stakeholders have warned the Environmental Protection Agency of obstacles to aggressive plans that government agencies have set for rollout of electric vehicle technology.

Eric Miller | Senior Reporter
June 15, 2023
Government, Business, Logistics, Breaking News

PMA, ILWU Reach Tentative Six-Year Deal

A tentative six-year agreement has been reached between the Pacific Maritime Association and the 22,000-member International Longshore and Warehouse Union.

Dan Ronan | Senior Reporter
June 15, 2023
Business, Equipment

Fewer Truck Drivers Looking to Switch Carriers

The number of truck drivers looking to jump to a different carrier has been decreasing since last year, but that hasn’t stopped recruiters from pursuing them, according to a recent survey.

Connor D. Wolf | Staff Reporter
June 15, 2023
Government, Business, Logistics

Port of Savannah Expansion Plans Moving Full Speed Ahead

SAVANNAH, Ga. — While cargo volume at ports elsewhere is down, officials at the Georgia Ports Authority and the Port of Savannah say now is the time to ramp up their $2 billion expansion plan.

Dan Ronan | Senior Reporter
June 14, 2023
Government, Business, Logistics, TCA

$140 Million Ticketed for New Border Crossing at Otay Mesa

San Diego transportation officials celebrated June 13 the anticipated award of about $140 million in state funding to help complete the Otay Mesa East Port of Entry.

Joshua Emerson Smith | The San Diego Union-Tribune
June 14, 2023
Government, Business

Fed Keeps Key Interest Rate Unchanged

WASHINGTON — The Federal Reserve kept its key interest rate unchanged June 14 after having raised it 10 straight times to combat high inflation. 

Christopher Rugaber | Associated Press
June 14, 2023
Government, Business, Safety

Temporary Road Planned for Ruined Stretch of I-95

A downed stretch of Interstate 95 in Philadelphia will be covered with a temporary roadway that will permit two-way traffic to return to a segment of one of the country’s busiest freight routes.

Noël Fletcher | Staff Reporter
June 14, 2023