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.
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.
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.
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.
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.
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, 202360 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, 2023USDOT 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.
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.
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, 2023GM’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.