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

Toll Management Proves Helpful to Curb Mounting Fees

NASHVILLE, Tenn. — Tolls are a reality for many carriers, and handling the mounting fees associated with traveling through several regions of the country has become a cumbersome challenge.

Michael Freeze | Features Editor
October 15, 2024
Government, Business, Fuel

Biodiesel Projects Win $1.85 Million in Iowa Grants

Iowa is incentivizing biodiesel production with $1.85 million in new biofuel grants announced by state Agriculture Secretary Mike Naig to support rural jobs.

Noël Fletcher | Staff Reporter
October 15, 2024
Government, Business

EU Plans Tariff Strategy if Trump Returns to White House

The EU’s favored approach would be to seek an agreement with Trump on some areas of common interest such as China, said one of the people, who spoke on the condition of anonymity.

October 15, 2024
Government, Business, Logistics

DeSantis Grants SeaPort Manatee $9.5M After Hurricane Milton

Florida Gov. Ron DeSantis awarded SeaPort Manatee a $9.5 million grant to help repair berths and infrastructure after the port sustained $225 million in damages from Hurricane Milton.

Noël Fletcher | Staff Reporter
October 15, 2024
Business, Logistics

Americans Plan to Cut Holiday Gift Buying in Hit to Retail

U.S. shoppers say they’re going to spend less on holiday gifts this year, which would deliver another blow to retailers that have struggled with waning demand.

Julia Fanzeres | Bloomberg News
October 15, 2024
Government, Business, Technology

EV Chipmaker Wolfspeed Wins $1.5 Billion Financing

Wolfspeed, a manufacturer of chips used primarily in EVs, is in line to win $750 million in U.S. government grants as well as $750 million in financing led by Apollo Global Management.

October 15, 2024
Government, Business, Technology, Equipment

BMW CEO: EU Combustion Engine Ban Is ‘No Longer Realistic’

Europe’s plan to effectively ban the sale of combustion engine cars from 2035 will lead to a “massive shrinking” of its automotive industry, according to BMW AG CEO Oliver Zipse.

William Wilkes | Bloomberg News
October 15, 2024
Business, Logistics, Private

Walgreens to Close 1,200 US Stores

Walgreens will close about 1,200 locations over the next three years as the drugstore chain seeks to turn around a struggling U.S. business that contributed to a $3 billion quarterly loss.

Tom Murphy | Associated Press
October 15, 2024
Business

Def Leppard Rocks Out at Daimler Truck Event

NASHVILLE, Tenn. — British rockers Def Leppard performed a surprise show for trucking industry leaders and their guests Oct. 14 at the 2024 Daimler Truck Customer Appreciation Event.

Seth Clevenger | Managing Editor, Features and Multimedia
October 15, 2024
Government, Business, Logistics

FedEx’s ‘Panda Express’ Lands in Washington

A pair of 3-year old giant pandas have left a research facility in Dujiangyan, China, and were flown via FedEx's Panda Express to Washington.

Ashraf Khalil and Didi Tang | Associated Press
October 15, 2024