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

Pilotless FedEx, Reliable Robotics Plane Completes Flight

Reliable Robotics Corp. has flown a small cargo plane on loan from FedEx Corp. without a human on board, a step toward the autonomous flight startup winning regulatory approval.

Thomas Black | Bloomberg News
December 6, 2023
Business, Technology, Logistics, Autonomous

GXO Logistics Testing Humanoid Robot at Georgia Facility

Warehouse workers could soon face new competition from robots: GXO Logistics Inc. is testing a humanoid model at its facility in Flowery Branch, Ga.

Thomas Black | Bloomberg News
December 6, 2023
Government, Business, Logistics

California-based Logistics Company Expands in South Carolina

South Carolina Gov. Henry McMaster announced that California-based IronLink Logistics will invest $16.45 million to establish operations there in a move to gain a Southeast presence.

Noël Fletcher | Staff Reporter
December 6, 2023
Business, Logistics

XPO In Line for 28 Yellow Properties for $870 Million

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.

Keiron Greenhalgh | Staff Reporter
December 5, 2023
Business, Logistics

Breaking: Brad Jacobs' Bold Billion Dollar Move

Brad Jacobs, the billionaire who founded XPO Logistics Inc., is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself. Jacobs has not yet said what industry he plans to expand into with his new venture. 

December 5, 2023
Business, Technology

60 Seconds: Cameras Help Reduce Liability in Trucking

The use of cameras on heavy-duty #trucks has gone mainstream as more and more fleets have adopted forward- and inward-facing cameras to coach drivers and reduce liability. Now the latest smart camera #technology is taking things a step further, helping carriers capture more angles, gain new insights and derive more operational value from video.   

December 5, 2023
Government, Business, Logistics

USDOT Announces $1.5 Billion in Infrastructure Grants

The U.S. Department of Transportation recently announced the availability of grants designed to advance big-ticket infrastructure projects along commercial and commuter corridors.

Eugene Mulero | Senior Reporter
December 5, 2023
Business, Technology, Equipment

Danish Union Takes Action Against Tesla in Nordic Solidarity

The labor conflict against Tesla in Sweden is spreading to neighboring Denmark where the country’s largest trade union said Dec. 5 they will take action in solidarity with Swedish workers.

Jan M. Olsen | Associated Press
December 5, 2023
Government, Business, Technology, Fuel

Hydrogen Industry Raises Alarm Over Leaked Tax Credit Rules

A leaked draft of Treasury Department rules for hydrogen tax credits in President Joe Biden’s climate law is drawing warnings from advocates that they may stifle the burgeoning industry.

December 5, 2023
Business, Technology

GM’s All-Electric Pledge Hinges on Demand, CEO Barra Says

General Motors Co.’s pledge to have an all-electric fleet by 2035 hinges on consumer acceptance, Chief Executive Officer Mary Barra said.

David Welch | Bloomberg News
December 5, 2023