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.
Engineers Union Reaches Sick-Time Deal With Norfolk Southern
OMAHA, Neb. — The union that represents railroad engineers finally secured its first deal for paid sick time with Norfolk Southern.
NTSB Report Says 10,000 Bridges at Risk for Corrosion
Investigators looking into the collapse of a Pittsburgh bridge want transportation officials nationwide to examine more than 10,000 other bridges with similar construction.
Infrastructure Coalition Advocates for Freight Funds
WASHINGTON — A coalition of several dozen groups gathered in the nation’s capital to draw attention to supply chain projects in need of federal support.
US, Canada Plan First Cross-Border Electric Vehicle Corridor
The U.S. and Canada announced the creation of the Binational Electric Vehicle Corridor, an 872-mile route that will stretch from Kalamazoo, Mich., to Quebec City, Quebec, and feature fast chargers every 50 miles.
May 18, 2023Canadian Carrier to Appeal Nuclear Verdict
A Canadian motor carrier plans to file an appeal of an $82 million jury verdict in a fatal crash in Michigan for which it has admitted fault, on grounds primarily related to the amount awarded.
House Committee Tackles Workforce, Federal Permitting Issues
Proposals to ensure efficiency along the nation’s supply chains will be considered by a committee in the U.S. House of Representatives as congressional budget negotiations continue.
Trucking Q1 Results Show Substantial Slowdown
The trucking industry stumbled through the first quarter amid a slowing economy and high inventories, according to experts.
Illinois Bill Aims to Allow Punitive Damages With No Limits
Illinois legislators are fast-tracking a bill adding pain and suffering damages without limits to wrongful death lawsuits, despite dozens of business opponents, including truckers.
EV Battery-Swapping Could Help Solve Charging Problems
Whether battery-swapping becomes a more mainstream alternative to charging in the U.S. depends, in part, on more automakers working with companies like Ample.
Walmart Boosts Outlook After a Strong First Quarter
NEW YORK — Walmart reported a strong first quarter and boosted its outlook for the year as the nation’s largest retailer continues to draw budget-conscious consumers.