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.
REPLAY: How Drivers & Fleets Are Adopting In-Cab Technology
The integration of onboard technology is increasingly seen as pivotal to fleet safety. However, driver acceptance is contingent on clear communication about privacy and transparency.
December 5, 2023Diesel Price Falls to $4.092 in Sixth Consecutive Drop
The national average diesel price fell another 5.4 cents this week to creep ever closer to the $4 mark, according to the Energy Information Administration.
Cruise Could Face Fines for Allegedly Misleading Regulators
Cruise, the self-driving vehicle unit of General Motors, could face a fine for allegedly misleading regulators about an incident in which one of its cars dragged a pedestrian.
Georgia Officials Laud Plastic Express Expansion Near Port
Georgia Gov. Brian Kemp said Plastic Express will build a facility near the Port of Savannah in an $80 million project that will create 200 jobs while expanding its operations in the state.
Virginia Wins $59.9 Million Logistics Expansion in Norfolk
Virginia Gov. Glenn Youngkin said that a Belgium-based international logistics provider’s subsidiary is expanding its footprint in the state at its Norfolk facility.
Illinois 3 Connector Plan Gets Mixed Reception for Freight
Plans for a new highway connector from Illinois 3 in Fairmont City to Illinois 203 in Madison, Ill., are designed to improve traffic flow and help with logistics and industrial development.
To Strengthen Freight Connectivity, DOT Goes With the FLOW
Capitol Agenda: The Department of Transportation’s Freight Logistics Optimization Works program will unite public and private stakeholders to enable a more resilient freight network.
Canada Cartage Acquires GTI Group
Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.
XPO Founder Brad Jacobs Readies $1 Billion Acquisition Firm
Brad Jacobs, the billionaire who founded XPO Logistics, is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself.
BMW Recalls SUVs Over Air Bag Explosion Risk
BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and endangering people in the vehicles.