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, Safety

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.

Josh Funk | Associated Press
May 19, 2023
Government, Business, Safety, Logistics

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.

Josh Funk | Associated Press
May 18, 2023
Government, Business

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.

Eugene Mulero | Senior Reporter
May 18, 2023
Government, Business, Technology, Fuel, TCA

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, 2023
Government, Business, Safety

Canadian 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.

Eric Miller | Senior Reporter
May 18, 2023
Government, Business

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.

Eugene Mulero | Senior Reporter
May 18, 2023
Business, Logistics

Trucking Q1 Results Show Substantial Slowdown

The trucking industry stumbled through the first quarter amid a slowing economy and high inventories, according to experts.

Connor D. Wolf | Staff Reporter
May 18, 2023
Government, Business, Safety

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.

Noël Fletcher | Staff Reporter
May 18, 2023
Business, Technology, Equipment, Fuel

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.

Todd Woody | Bloomberg News
May 18, 2023
Business, Equipment, Private

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.

Anne D’Innocenzio | Associated Press
May 18, 2023