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, Logistics, TCA

Railroad Unions Call for Sick Leave Executive Order

Railroad workers are continuing their demand for paid sick days. The Sheet Metal, Air, Rail Transportation Union, or SMART, held an informational picket near the rail yard on Rice’s Point on the afternoon of Dec. 13.

Jimmy Lovrien | Duluth News Tribune, Minn.
December 14, 2022
Government, Business, Safety, Logistics

GSA to Spend $3.4 Billion to Update 26 Land Ports of Entry

Replacing pavement at Otay Mesa land port of entry in California is the latest of 50 modernization projects the General Services Administration has embarked on using $3.4 billion in federal infrastructure funds.

Noël Fletcher | Staff Reporter
December 14, 2022
Government, Business, Safety, Fuel, Logistics

Georgia, Nebraska Extend Trucking-Related Executive Orders

Earlier emergency orders have been extended in Georgia for supply chain and oversize permits and in Nebraska for driving hours hauling fuel.

Noël Fletcher | Staff Reporter
December 14, 2022
Government, Business, Logistics

Customs and Border Protection to Test New Supply Chain Identifiers for Imports

The Office of Trade at U.S. Customs and Border Protection is launching a testing project for a global business identifier to streamline tracking of goods in supply chains.

Noël Fletcher | Staff Reporter
December 14, 2022
Government, Business, Logistics, Global Freight

Shippers Decry ‘Notoriously Difficult’ Railroads at Hearing

Shippers urged the U.S. railroad regulator to create more competition in the industry during hearings in which Union Pacific Corp. was called to explain a spike in service restrictions.

Thomas Black | Bloomberg News
December 13, 2022
Business, Fuel

Keystone Partial Restart Delayed, Timeline in Flux

TC Energy’s efforts to restart a segment of its Keystone oil pipeline after a 14,000-barrel spill have been delayed by bad weather, according to people familiar with the matter.

December 13, 2022
Business, Technology, Equipment, Breaking News

November Class 8 Sales Second-Highest of 2022

Class 8 U.S. retail sales in November were the second-highest this year and continued the trend since May of monthly gains compared with a year earlier, Wards Intelligence reported.

Roger Gilroy | Senior Reporter
December 13, 2022
Business, Technology

Tesla Stock Has Never Been This Cheap — And It Could Still Drop Further

Tesla Inc. shares are trading at their cheapest ever by at least one measure as the electric vehicle giant grapples with an array of challenges, from waning demand in China to investor concern over billionaire CEO Elon Musk’s priorities.

Subrat Patnaik | Bloomberg News
December 13, 2022
Government, Business, Technology, TCA

Federal Energy Grants to Spur DC Fast-Charging Development

High-speed charging for electric vehicles could be on its way to becoming a mainstream convenience, available at grocery stores, apartment buildings and other locations many people frequent.

Skip Descant | Government Technology
December 13, 2022
Government, Business

Inflation Slowed Sharply to 7.1% Over Past 12 Months

Inflation in the United States slowed again in November in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.

Christopher Rugaber | Associated Press
December 13, 2022