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.
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.
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.
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.
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.
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.
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.
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.
$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.
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.
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.