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.
Government Contests Fitzgerald Gliders' $83 Million Court Win
A civil jury found in favor of former glider manufacturer Fitzgerald in an $83 million federal tax dispute with the IRS. Federal attorneys haven’t given up on the outcome of the trial.
Buttigieg Emphasizes Supply Chain, Safety at House Hearing
WASHINGTON — The nation’s top transportation officer said the infrastructure law and other administration initiatives are helping to improve freight connectivity and highway safety.
Hapag-Lloyd to Install Satellite Internet on Containerships
Hapag-Lloyd AG, the biggest container shipping line based in Germany, said Sept. 21 it will install SpaceX’s Starlink internet service aboard the ships it owns and manages.
Biden Orders Continued Monitoring of Norfolk Southern
President Joe Biden ordered federal agencies to continue holding Norfolk Southern accountable for its February derailment in eastern Ohio and appoint a FEMA official to oversee East Palestine’s recovery, but he still stopped short of declaring a disaster.
Kentucky Cargo Theft Spike Echoes National Issues
Kentucky law enforcement is warning of a spike in strategic cargo thefts in a trend that reflects a growing national problem.
August Trailer Orders Fall 35% to 11,500 Units
U.S. trailer orders continued to experience year-over-year declines in August, but did post a second straight month of sequential improvements, according to ACT Research.
Stellantis Makes a New Contract Offer
Stellantis gave the the United Auto Workers a new contract proposal as General Motors and Stellantis announced fresh layoffs Sept. 20 that they blamed on damage from the strike.
Uber Freight, Waabi Team Up on AI-Powered Autonomous Trucks
Logistics specialist Uber Freight is teaming up with Waabi Innovation Inc. in an artificial intelligence-powered autonomous truck partnership, the companies said Sept. 21.
FedEx Beats Quarterly Wall Street Profit Expectations
FedEx Corp. posted a higher profit than Wall Street expected in its most recent quarter, but trimmed expectations for the full-year period.
Amazon Scraps Planned Merchant Fee
Amazon.com Inc. is scrapping a planned fee on merchants that don’t use its shipping services, according to documents reviewed by Bloomberg.