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.
Memphis Airport’s New De-icing Pads Boost Cargo Transport
Federal officials unveiled a 3.3 million-square-foot aircraft de-icing pad at Memphis International Airport, where FedEx Corp. has its largest sorting facility.
Fed to Keep Rates High for Longer to Combat Inflation
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Nov. 30 in remarks likely intended to underscore the Fed’s focus on combating inflation.
3PLs Make Debut on Global Freight 50
While the worst of the global supply chain snarls brought on by the COVID-19 pandemic now appear to be in the rearview mirror, it’s still not business as usual for international freight.
Mack Names Jonathan Randall President
Mack Trucks announced it promoted Jonathan Randall to president of Mack Trucks North America, effective Dec. 1.
House Passes Rail Deal, Senate to Schedule Vote
To avert a railroad strike projected to cost the economy $2 billion daily, the U.S. House of Representatives on Nov. 30 passed a bill outlining a labor agreement between rail carriers and workers.
Railroads Wind Down Hazardous Shipments Amid Strike Risk
U.S. railroads have begun curtailing shipments of hazardous chemicals ahead of a potential nationwide strike by workers, according to a major trade group representing oil refiners and petrochemical companies.
November 30, 2022Kroger, Albertsons CEOs Face Senate Questions Over Merger
Senators pressed the CEOs of Kroger Co. and Albertsons Cos. on Nov. 29 about whether their proposed $24.6 billion deal to create a supermarket giant will benefit consumers in an era of rising inflation.
Truck Supply Co. of South Carolina Acquires Tractor Trailer Supply
Truck Supply Co. of South Carolina announced its expansion into the St. Louis market with its purchase of Tractor Trailer Supply.
November 30, 2022Signs of a Slowdown as M&A Activity Nears End of Busy 2022
The trucking industry continued to experience strong acquisition activity this year, but there may be some signs of softening heading into next year.
Thermo King Names R452A Standard Option
Thermo King, a brand of global climate innovator Trane Technologies, announced R452A refrigerant will be the standard option on single- and multi-temperature truck refrigeration units manufactured in North America.
November 30, 2022