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.
UPS, Teamsters Poised for Massive Contract Talks
High-stakes negotiations could start April 17 between the Teamsters and package delivery giant UPS that could have far-reaching reverberations.
New I-75 Interchange in Florida Gets $4 Million Grant
Florida’s Interstate 75 in the Ocala area is getting a new interchange to ease congestion and support businesses such as a new Buc-ee’s travel center.
Freightliner to Offer Upgraded Hendrickson Rear Suspension
Freightliner Trucks will begin offering Hendrickson Truck Commercial Vehicle Systems’ Haulmaax EX rear rubber suspension system.
April 14, 2023Elon Musk Plans Startup to Rival OpenAI, Report Says
Tesla CEO Elon Musk is making plans for an artificial intelligence startup that will rival OpenAI, according to the Financial Times.
Michigan Grant to Upgrade Agricultural Route
A Michigan rural road grant of $790,000 will make it easier for truckers to carry pet treats and fresh fruit from two leading agricultural producers in Oceana County to homes across the nation.
Rep. Rick Larsen’s Agenda Includes Truck Parking, Workforce
Rep. Rick Larsen (D-Wash.), the top Democrat on the transportation committee in the U.S. House, says parking and workforce concerns remain leading issues across the trucking sector.
Peterbilt Partners With Lincoln Tech on Technician Training
Peterbilt launched a partnership with Lincoln Educational Services Corp. to help prepare students for a career as a service technician, the company announced April 13.
April 14, 2023Boeing’s Parts Issue Stifles 737 Max Deliveries
Boeing Co. is pausing deliveries of some 737 Max jets to address a production issue on the rear end of some aircraft.
Factory Production Declines on Weaker Equipment Demand
Production at U.S. factories fell in March for the first time this year as companies show signs of ratcheting back investment plans.
Retail Sales Fall 1% Amid High Inflation, Rising Rates
WASHINGTON — Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious.