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.
Supply Chains Must Change, Says Maersk’s Ditlev Blicher
Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.
Volkswagen Misses Full-Year Cash Target After Supply Chain Woes
Volkswagen AG missed its cash-flow target for the year after supply chain and logistics disruptions in recent months left the carmaker with unsold vehicles.
New Jersey Spot Again Leads ATRI’s Top Highway Bottlenecks
A troublesome spot along I-95 once again topped the list of the nation’s worst chokepoints on the American Transportation Research Institute Top Truck Bottlenecks list, while the Atlanta metro area stood out as a gridlocked region by claiming six of the top 20 spots on the list.
VinFast Cuts About 80 Jobs in North America, Including US CFO
Electric vehicle maker VinFast has cut about 80 jobs in North America, including its U.S. chief financial officer, raising questions about the health of the Vietnamese company ahead of a possible stock listing.
Imports Surge Led to Record Trade Gap in 2022
The U.S. trade deficit widened to a record last year on a surge in imports as American companies scrambled early on to ensure they had enough merchandise on hand to meet demand.
Senators Introduce Catalytic Converter Theft Bill
Legislation aimed at reducing the theft of catalytic converters was introduced in the U.S. Senate this month.
Carriers Claim Victory in Chassis Choice Ruling
The Intermodal Motor Carriers Conference of American Trucking Associations has won a favorable judgment in its case against the Ocean Carrier Equipment Management Association and others in a dispute involving chassis choice for carriers that operate at maritime and inland ports.
Forward Air Expands in Chicago Area With New Terminal
Forward Air Corp. will expand its expedited less-than-truckload service offering in the Chicago area with a new terminal in Bolingbrook, Ill., the company announced Feb. 6.
Daseke Reports Q4 Revenue Growth, Earnings Decline
Daseke Inc. experienced an increase in revenue but a decline in earnings year-over-year during the fourth quarter of 2022, the company reported Feb. 6.
Musk’s Tesla Tweets Didn’t Defraud Investors, Jury Says
SAN FRANCISCO — A jury on Feb. 3 decided Elon Musk didn’t defraud investors with his 2018 tweets about electric automaker Tesla.