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, Autonomous, Global Freight

Einride Becomes Peterbilt’s Biggest BET Customer

Einride will buy 150 Model 579EV battery-electric trucks from Peterbilt, the truck maker’s biggest EV order so far, the companies said.

Keiron Greenhalgh | Staff Reporter
June 3, 2024
Business, Safety

Oregon Champ Shamrell Excited to Make Familiar Trek

After winning his 10th Oregon grand championship, FedEx Freight 3-axle driver Dan Shamrell is preparing to compete in his 18th NTDC.

Eugene Mulero | Senior Reporter
June 3, 2024
Business, Technology, Logistics, Private

Truck-Specific Navigation Software Offers Safety, Efficiency

As navigation and routing software applications grow more granular, developers are working to integrate pertinent data to support safe, efficient fleet operations.

Stephen Bennett | Special to Transport Topics
June 3, 2024
Government, Business, Safety, Logistics, TCA

Full Port of Baltimore Channel Set to Open by June 10

The Army Corps of Engineers now expects to have the full Federal Channel into Port of Baltimore open by June 10 at the latest, a slightly later target than their original timeline of late May.

June 3, 2024
Government, Business, Logistics

CalAmp Files Bankruptcy to Complete Restructuring

CalAmp Corp., which develops business software designed to track vehicles and improve company logistics, has filed bankruptcy to complete a lender-backed plan to cut debt.

Jonathan Randles | Bloomberg News
June 3, 2024
Government, Business, Safety, Logistics, Global Freight

Ships Diverted From Red Sea Send Ripple Effects Across Globe

Nearly six months into the Houthis’ relentless campaign to protest Israel’s war in Gaza, the economic fallout is widening.

Brendan Murray | Bloomberg News
June 3, 2024
Business, Fuel

OPEC+ Extends Supply Cuts Amid Slack Prices

FRANKFURT, Germany — Saudi Arabia and allied oil producing countries on June 2 extended output cuts through next year, a move aimed at supporting slack prices.

David McHugh | Associated Press
June 3, 2024
Government, Business, Fuel

US Diesel Demand Hits 26-Year Seasonal Low in March

U.S. diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth.

Julia Fanzeres | Bloomberg News
May 31, 2024
Government, Business, Logistics

Ohio Coordinates ‘Super Load’ Cargo Movements on Trucks

Ohio transportation officials are coordinating the movements of several trucks carrying “super loads” of cargo weighing up to 900,000 pounds.

Noël Fletcher | Staff Reporter
May 31, 2024
Business, Technology

60 Seconds: Volvo to Test Customer Hydrogen ICE Trucks in 2026

Volvo Group plans to begin testing trucks with hydrogen-powered internal combustion engines with customers in 2026 and launch commercial production toward the end of the decade, the parent company of Volvo Trucks North America and Mack Trucks said May 23. 

May 31, 2024