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.

Government, Business

Yellen Sees Turnaround of Supply Chains in Recent Inflation Data

Treasury Secretary Janet Yellen welcomed the most recent U.S. inflation figures, saying some of the most important price pressures over the past two years had begun to decline significantly.

Christopher Condon | Bloomberg News
January 13, 2023
Business, Technology

FTR Announces Key Executive Changes

FTR, an economic and freight forecasting firm, announced it appointed Jonathan Starks CEO of the company, replacing Eric Starks, who will be transitioning to chairman of the board.

January 12, 2023
Business, Equipment

MEMA Retools Operational Structure, Announces Executive Appointments

The venerable trade association for motor vehicle and mobility suppliers, parts manufacturers and remanufacturers announced a new brand and business structure as MEMA, the Vehicle Suppliers Association.

Roger Gilroy | Senior Reporter
January 12, 2023
Government, Business, Logistics

Cold Storage Facility to Be Built Near Port of Charleston

South Carolina has captured a $49.9 million deal for a cold storage warehousing and logistics company to set up operations near the Port of Charleston, Gov. Henry McMaster announced.

Noël Fletcher | Staff Reporter
January 12, 2023
Government, Business, Logistics

COVID's Impact on Shopping, Supply Chain Remains Profound

WASHINGTON — The coronavirus pandemic had a profound impact on how shopping and supply chains operate, experts said Jan. 10 during a session at Transportation Research Board’s annual meeting.

Connor D. Wolf | Staff Reporter
January 12, 2023
Government, Business

Consumer Inflation Eased Again to 6.5% in December

WASHINGTON — Rising U.S. consumer prices moderated again in December, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it.

Christopher Rugaber | Associated Press
January 12, 2023
Government, Business

ATA, European Officials Address Driver Shortage

Leaders from American Trucking Associations during an overseas visit with European policymakers discussed the many challenges they share, including a driver shortage that is being exacerbated for international fleets by the war in Ukraine.

Dan Ronan | Senior Reporter
January 12, 2023
Government, Business, Technology, Safety

Head of Transportation Safety Board Shares Concern Over Heavy EV Safety Risks

DETROIT — The head of the National Transportation Safety Board expressed concern on Jan. 11 about the safety risks that heavy electric vehicles pose if they collide with lighter vehicles.

Tom Krisher | Associated Press
January 12, 2023
Government, Business, Logistics

Trucking Demand Growth Increases Land Management Concerns

WASHINGTON — The increase in demand for freight transportation is adding strain on land management, experts said during a session at the Transportation Research Board’s annual meeting Jan. 11.

Connor D. Wolf | Staff Reporter
January 11, 2023
Government, Business, Technology

Secretaries Buttigieg, Granholm Tout EVs at TRB

WASHINGTON — Recent policies linked to electric vehicles are helping to address climate change and improve safety across mobility corridors, the nation’s top transportation officer told stakeholders on Jan. 11.

Eugene Mulero | Senior Reporter
January 11, 2023