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.
Railroads Resist Joining Safety Hotline
OMAHA, Neb. — The freight railroads say a disagreement over whether they will be allowed to discipline some workers who use a safety hotline has kept them from joining the program.
Workers Win Raises at GM Ultium Cells Battery Plant
DETROIT — Unionized workers at a General Motors joint venture electric vehicle battery plant will see pay raises while they continue to negotiate a contract, if they ratify an interim deal.
August 25, 2023Yellow’s Terminals: Analysts Expect More Bids
Analysts are expecting more players to take part in an upcoming auction for the 169 terminals owned by Yellow Corp. beyond those who already have raised their hands.
Stakeholders Dissect Truck Parking Challenges
Freight stakeholders have many ideas for how to address the trucking industry’s shortage of safe truck parking, but all agree it’s not an easy challenge.
ATA, Freight Leaders Press Congress on Excise Tax Repeal
When they return from their August recess, congressional policymakers should begin the process of repealing a tax on the purchase of new trucks, freight stakeholders indicated recently.
Yellow’s Shutdown Opens Up LTL Market for Competitors
The Yellow Corp. shutdown is having a downstream effect on the less-than-truckload space as freight volumes flow toward competitors.
July Cargo Volumes Decline at Most Ports
Cargo freight volumes in July remain depressed and well below 2022’s record levels, especially at West Coast ports.
Cruise, Waymo Cope With Robotaxi Backlash in San Francisco
Robotaxi backlash is intensifying against Waymo and Cruise just as self-driving vehicles begin to gain real traction in San Francisco after years of development.
Iowa Grants to Help Community Colleges Expand CDL Training
Iowa Gov. Kim Reynolds announced $5 million in commercial driver license infrastructure grants for community college training centers and new equipment.
Walmart, Alphabet to Test Wider Drone Deliveries
Walmart Inc. is planning its longest drone deliveries yet by teaming up with Alphabet Inc.’s Wing unit at two Dallas-area stores.