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.
Amazon's Logistics Business Tops 2023 Global Freight List
Despite enduring a cooldown in international trade, most of the world’s largest transportation and logistics providers continued to grow their businesses in 2022.
Work Begins on $16.1 Billion New York-New Jersey Tunnel
The $16.1 billion, long-delayed, once-canceled effort to build a new rail tunnel linking New York and New Jersey is officially starting construction after more than a decade of false starts.
AI, COVID Created a New Normal for the Supply Chain
HOUSTON — A supply chain expert said the arrival of open-source artificial intelligence just as the global economy was emerging from the pandemic created turbulent economic conditions.
Job Growth Slows in October, but Still Sturdy at 150,000
WASHINGTON — The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient.
Biden Administration Awards $653 Million to Upgrade Ports
WASHINGTON — The Transportation Department on Nov. 3 awarded $653 million in grants to upgrade and improve 41 water-based ports across the United States.
November 3, 2023UAW Members at Michigan Ford Plant Approve New Contract
DETROIT — Autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favor of a tentative contract agreement reached with the company.
Maersk to Slash 10,000 Jobs
COPENHAGEN, Denmark — Maersk said Nov. 3 that it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services.
November 3, 2023Perspective: As an Industry, Let's Win the Sale
At a time when our political system has grown so adversarial, I believe trucking threads a needle of common purpose.
Mack Trucks Launches Subscription-Based Leasing for MD Electric
SONOMA, Calif. — Mack Trucks on Oct. 30 launched ElectriFi Subscription, a usage-based leasing option for the MD Electric truck.
Mack Trucks Showcases MD Electric Truck in California
SONOMA, Calif. — Mack Trucks showcased its medium-duty MD Electric truck Oct. 30 through Nov. 1 at Sonoma Raceway.