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, Logistics, Private

Amazon to Hire 250,000 for Holidays, Boost Wages

Amazon.com Inc. will hire 250,000 employees this holiday shopping season and boost average pay for logistics personnel as it seeks to recruit and retain workers amid a labor shortage.

September 19, 2023
Government, Business, Fuel

N.J. Diesel, Gas Taxes Go Up by Nearly 1¢ Oct. 1

New Jersey’s diesel and gas prices will rise 0.9¢ Oct. 1 due to the first uptick in state fuel taxes since 2020, according to the state treasury department.

Noël Fletcher | Staff Reporter
September 19, 2023
Business, Technology, Equipment, Safety, Top 100

Eaton Partners With Cruise Control Specialist Traxen

Eaton is to start selling, distributing, servicing and providing installation support for Michigan-based technology developer Traxen’s iQ-Cruise system.

Keiron Greenhalgh | Staff Reporter
September 19, 2023
Government, Business, Technology

ELD Company Orbcomm Hit With Ransomware Attack

Orbcomm was recently hit with a ransomware attack that has resulted in outages for some customers using its fleet management services, the transportation software company confirmed.

Connor D. Wolf | Staff Reporter
September 19, 2023
Government, Business, Technology, Equipment, Fuel

House Passes Internal Combustion Engines Legislation

Legislation aiming to block efforts designed to prevent the sale of internal combustion engines was recently approved in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
September 19, 2023
Business, Technology, Equipment

Costs for Truck Parts, Labor Fall in Q2

CLEVELAND — A new report found that parts and labor expenses in heavy-duty truck repair shops dropped during the second quarter of 2023.

Michael Freeze | Features Editor
September 19, 2023
Business, Logistics, Breaking News

Tonnage Dips 2.3% in August

Truck tonnage in August declined 2.3% compared with year-ago levels but inched up sequentially for the second consecutive month.

Dan Ronan | Senior Reporter
September 19, 2023
Business, Logistics

Freight Railroads Vow to Improve Service to Grow Intermodal

LONG BEACH, Calif. — Leaders of some of North America’s Class I freight railroads say they have learned the lessons of the COVID-19 pandemic when service slumped.

Dan Ronan | Senior Reporter
September 19, 2023
Government, Business, Safety

Norfolk Southern Details Plan for East Palestine Residents

Norfolk Southern announced new details about its plan to compensate East Palestine residents for lost home values since the derailment disrupted life in the eastern Ohio town in February.

Josh Funk | Associated Press
September 19, 2023
Government, Business

UAW Threatens Expanded Strikes

The leader of the United Auto Workers said that a limited strike targeting plants in Missouri, Michigan and Ohio may be expanded if “serious progress” toward an new contract agreement isn’t made by Sept. 22 at noon.

David Koenig | Associated Press
September 19, 2023