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

Oklahoma Makes Third-Party Administration of CDL Test Easier

A new Oklahoma law making it easier for written commercial driver license tests to be administered took effect Nov. 1 to help offset the truck driver shortage.

Noël Fletcher | Staff Reporter
November 6, 2023
Government, Business, Technology, Logistics

Virginia Gov. Youngkin Lauds 3PL Provider’s Facility Expansion

Virginia Gov. Glenn Youngkin announced a $2 million expansion of Wytheville-based Camrett Logistics to grow its capacity and provide green supply chain technology.

Noël Fletcher | Staff Reporter
November 6, 2023
Government, Business, Safety, Logistics

House Committee Passes Bill to Protect Moving Privacy

Legislation designed to safeguard certain identifiable information of individuals moving internationally was advanced this month by a committee in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
November 6, 2023
Business, Equipment, Fuel

Tevva Files Suit Against ElectraMeccanica in Arizona

Tevva Motors Ltd. filed suit against ElectraMeccanica Vehicles Corp. Nov. 3 as the dispute between the onetime partners in building a Class 8 hydrogen-powered truck escalates.

Keiron Greenhalgh | Staff Reporter
November 6, 2023
Government, Business

BLS: Coming Decade to See Job Growth in Warehousing, Logistics

Transportation and warehousing will be among the fastest-growing economic sectors for the coming decade, according to a new U.S. Bureau of Labor Statistics analysis.

Noël Fletcher | Staff Reporter
November 6, 2023
Government, Business, Equipment, Fuel

Aftermarket Parts Costs Are Stabilizing

Industry leaders are pointing to several positive indicators that have caused a drop in aftermarket parts prices in the second quarter of 2023 from the first quarter.

Steve Brawner | Contributing Writer
November 6, 2023
Government, Business, Fuel, Logistics

Dry Panama Risks Driving Large Oil Tankers Away From Canal

Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by thousands of miles, a shipping researcher said.

Alaric Nightingale | Bloomberg News
November 6, 2023
Business, Technology, Autonomous

Chinese Electric Truck Maker Windrose Will Seek US IPO in 2024

Chinese electric truck maker Windrose Technology has started preparatory work for an initial public offering in the U.S. next year as it plans the commercial rollout of its first vehicle.

Danny Lee | Bloomberg News
November 6, 2023
Government, Business, Logistics, Global Freight, Top 50

Air and Ocean Freight Deal With Fluctuating Volumes in 2022

2022 saw an eastern shift in container shipping within the United States, while airfreight volumes dipped across North America.

Mike Senatore | Features Coordinator
November 3, 2023
Government, Business, Technology, Logistics, Global Freight

Port Authorities Look to Make the Right Adjustments

In efforts to improve the supply chain system, U.S. port operators are utilizing advancements in infrastructure and technology to accommodate bigger ships and manage more cargo.

Stephen Bennett | Special to Transport Topics
November 3, 2023