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.

Government, Business

Conair to Open Maryland’s Largest Distribution Center

Maryland officials have welcomed plans for the state’s largest single distribution center in a 2.1 million-square-foot facility by Conair providing access to mid-Atlantic freight hubs.

Noël Fletcher | Staff Reporter
November 16, 2023
Government, Business

Ohio Establishes $3 Million Tax Credit Program for CDL Training

Ohio is offering a new $3 million tax credit program to help companies offset costs for providing commercial driver license training to their employees.

Noël Fletcher | Staff Reporter
November 16, 2023
Business, Safety, Fuel

The Link Between Fuel Efficiency & Safety

Program Aired: November 16, 2 p.m. ET A new, multi-year trucking study has documented how fuel-efficient driving significantly lowers the risk of accidents and critical safety events. Tune into this webinar to hear the dramatic results and learn how one trucking fleet is becoming even safer and more efficient using the ISAAC Coach system. 

November 16, 2023
Government, Business, Equipment

General Motors Union Workers Ratify New Labor Contract

United Auto Workers union members have voted to approve a new contract with General Motors, making GM the first Detroit automaker to ratify a deal to end a labor dispute and crippling strikes.

Tom Krisher | Associated Press
November 16, 2023
Government, Business, Safety, Logistics

FMCSA Rule Restricts Emergency HOS Waivers to 14 Days

A rule recently adopted by FMCSA cuts from 30 to 14 the maximum number of days a state may waive HOS regulations during a state of emergency, a move that has drawn criticism from stakeholders.

Eric Miller | Senior Reporter
November 16, 2023
Government, Business, Technology, Equipment, Safety, Logistics

Trucking Grapples With Evolving Cargo Theft Risks in Q3

Trucking continued to deal with a high number of cargo thefts during the third quarter as criminals take advantage of the tighter economy.

Connor D. Wolf | Staff Reporter
November 16, 2023
Business, Private

Walmart Attracts Savings-Minded Shoppers, Posts Strong Q3

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low prices attract shoppers looking for deals in a tough economic environment.

Anne D'Innocenzio | Associated Press
November 16, 2023
Government, Business

Congress Approves Short-Term Bill, Averts Shutdown

Ending the threat of a government shutdown until after the holidays, Congress gave final approval to a temporary funding package that pushes a fight over the budget into the new year.

Eugene Mulero | Senior Reporter
November 16, 2023
Business, Technology, Autonomous

Torc Lays Out Road Map to Autonomous Truck Launch in 2027

ALBUQUERQUE, N.M. — Torc Robotics is fine-tuning its technology and laying the foundation for autonomous fleet operations as it targets a 2027 market launch for its virtual driver product.

Seth Clevenger | Managing Editor, Features and Multimedia
November 16, 2023
Government, Business

Producer Prices in October Drop Most Since 2020

U.S. wholesale prices fell sharply last month as inflationary pressure continued to ease after a year and a half of higher interest rates.

Paul Wiseman | Associated Press
November 15, 2023