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, Logistics

How Freight Brokers Survive in a Down Market

The second quarter of 2023 has revealed a potentially bleaker outlook for the freight market, almost reaching numbers of the freight recession witnessed in 2019. Discover the secrets behind success as we explore how freight brokers should navigate the uncertainty of a down market.

October 1, 2023
Government, Business, Logistics

Census Bureau: Two Trucking Sectors Prospered During Pandemic

Freight forwarding and longhaul trucking for truckload experienced the highest business booms for revenue during the pandemic, a new U.S. Census Bureau transportation analysis shows.

Noël Fletcher | Staff Reporter
September 29, 2023
Business, Logistics

Low Water Levels on Mississippi River Delaying Barge Cargo

Barge operators are running lighter loads on the Mississippi River to compensate for the lack of water from months of dry weather. Prices paid to farmers for their crops are easing as a result.

Michael Hirtzer | Bloomberg News
September 29, 2023
Government, Business, Technology, Logistics, Autonomous, Private

Amazon to Open Pair of Facilities in Virginia Beach

Virginia Gov. Glenn Youngkin has announced Amazon will build a multistory robotics fulfillment center and “last mile” delivery station in Virginia Beach.

Noël Fletcher | Staff Reporter
September 29, 2023
Government, Business, Private

Amazon Violated Worker Rights Settlement, NLRB Says

Amazon.com Inc. was accused by U.S. officials of violating a labor board settlement, paving the way for the government to consider claims that the company tried to suppress union organizing.

Josh Eidelson | Bloomberg News
September 29, 2023
Business, Equipment, Fuel, Logistics

Bettaway Launches EV Tractor Rollout to Support Arizona Tea

Bettaway Supply Chain Services entered the electric vehicle space with the introduction of two all-electric yard tractors Sept. 26 to support its logistics operations in New Jersey.

Connor D. Wolf | Staff Reporter
September 29, 2023
Business, Technology, Equipment, Fuel

Nikola Celebrates Entry Into HFCEV Market

COOLIDGE, Ariz. — Nikola celebrated the commercial launch of its hydrogen fuel cell electric vehicles with 900 of its customers, suppliers and supporters at its manufacturing facility Sept. 28.

Mindy Long | Special to Transport Topics
September 29, 2023
Government, Business, Fuel

Biden Plans Three Auctions of Offshore Drilling Rights

The Biden administration released plans Sept. 29 to hold three auctions of offshore drilling rights over the next five years — part of what it cast as an effort to phase down oil leasing in favor of clean energy.

Jennifer A. Dlouhy | Bloomberg News
September 29, 2023
Government, Business, Fuel

Plunging US Oil Supply Is Driving Up Prices Around the World

Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest U.S. storage hub reverberate through markets from Asia to the Middle East to Europe.

September 29, 2023
Business

UAW Adds Two More Strike Sites, Idling 7,000 Workers

DETROIT — The United Auto Workers union says its two-week strike against Detroit automakers will spread to 7,000 more workers at a Ford plant in Chicago and a GM factory near Lansing, Mich.

David Koenig and Tom Krisher | Associated Press
September 29, 2023