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.
Knight-Swift Agrees to Acquire U.S. Xpress
Knight-Swift Transportation Holdings has reached an agreement to acquire U.S. Xpress for approximately $808 million, the companies announced March 21.
Long Train Delays at Crossings Gets Supreme Court Attention
The U.S. Supreme Court has invited the federal government to weigh in on whether state and local governments can regulate how long trains can block railroad crossings.
Amazon Contractors Confront Customer Bias in Driver Reviews
Amazon trusts customers to provide an honest rating of their delivery driver. But what if the customer is biased against the driver?
Thermo King Unveils Predictive Roadside Assistance Service
Thermo King is introducing a predictive roadside assistance service for transport refrigeration units, the company announced March 15.
March 20, 2023Pie From the Sky? Walmart Drone Deliveries Take Off
Drone delivery is no longer a thing of the future. It’s happening in Hampton Roads, Va., and soon, at Walmart stores across the country.
More Amazon Layoffs: 9,000 on Top of the 18,000 in January
NEW YORK — Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on March 20.
March 20, 2023Container Volumes Fall at Most US Ports
A combination of the Lunar New Year, and concerns over labor talks and a slowing global economy resulted in a 43% drop in container cargo at the Port of Los Angeles in February.
Tesla’s Vision of EVs Could Spur Magnet Race
Tesla Inc.’s ambition to remove rare earths from future models has producers in the sector reeling, but it also should spur global efforts to deliver alternatives for electric car motors that currently rely on the materials.
Drivers Become Social Media Influencers
Driver Clarissa Rankin is a social media influencer who encourages women to enter the trucking industry and shares a glimpse of her life on the road. And she's not alone.
Maersk Sells Last Major Energy Asset
A.P. Moller-Maersk A/S has finally found a buyer for its last major energy-division asset after putting it up for sale seven years ago, allowing it to complete a historic transformation into a pure transport operator.