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.

Business, Technology, Equipment

GM, Samsung Plan New EV Battery Cell Factory in US

General Motors and South Korea’s Samsung SDI plan to invest more than $3 billion in a new electric vehicle battery cell plant in the United States, the companies said April 25.

Tom Krisher | Associated Press
April 25, 2023
Government, Business, Technology, Equipment, Safety, Logistics

Road Designers Confront Challenges of Balancing Safety, Function

Trees and passenger vehicles number among the safety challenges for road design benefiting freight movement. Will the new influx of federal funding help us get it right?

Eric Miller | Senior Reporter
April 25, 2023
Government, Business, Private

Amazon Contract Drivers in California Join Teamsters Union

More than 80 contract drivers and dispatchers who handle deliveries for Amazon .com Inc. have joined the International Brotherhood of Teamsters.

April 24, 2023
Government, Business, Technology

Freight Routes to Get Electric, Hydrogen Infrastructure Aid

A top U.S. Department of Energy national laboratory announced it will help add electric and hydrogen infrastructure to four freight corridors covering over half of the nation.

Noël Fletcher | Staff Reporter
April 24, 2023
Government, Business, Logistics

US-China Tensions Amplify Global Trade Shifts

Political tensions between the U.S. and China are contributing to lower container shipments between the world’s two largest economies, says Ocean Network Express CEO Jeremy Nixon.

Ann Koh and Alex Longley | Bloomberg News
April 24, 2023
Business, Equipment

Equipment Finance Industry Confidence Declines in April

The Equipment Leasing & Finance Foundation found overall confidence in the equipment finance market has decreased month-over-month, the foundation announced April 20.

Connor D. Wolf | Staff Reporter
April 24, 2023
Business, Logistics, Top 100

NFI Acquires SDR Distribution

NFI has acquired SDR Distribution Services, a multichannel provider of custom warehousing and distribution solutions, the company announced April 18.

April 24, 2023
Business, Technology, Logistics, For-Hire

Schneider Completes First EV Delivery for Frito-Lay

Schneider completed its first battery-electric vehicle delivery with Frito-Lay North America, the multimodal transportation provider announced April 17.

April 24, 2023
Business, Logistics

3PLs Gain Market Share but Face Rising Fraud, TIA Leaders Say

ORLANDO, Fla. — Third-party logistics providers remain poised for long-term success after helping shippers navigate supply chain turmoil wrought by the pandemic,  industry leaders said.

Seth Clevenger | Managing Editor, Features and Multimedia
April 22, 2023
Business, Technology, Logistics, Top 100

Shipment Visibility Is Really About Operational Excellence

Shipment visibility, the tracking and tracing of shipments, is one of the most fundamental requirements of logistics. But maybe we think too narrowly about the value of visibility.

Walter Mitchell | CEO, Tai Software
April 21, 2023