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.
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.
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?
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.
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.
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.
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.
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, 2023Schneider 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, 20233PLs 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.
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.